Rethinking Management Education:Creating a Roadmap to Meet Challenges and Opportunities of the Future

Reforms for India's higher education will have to be found within India. Outside solutions are not acceptable to a proud society, and they attract immediate counter arguments as to why they would not work. Nor are they likely to work. India currently has the largest number of higher education institutions in the world and the third largest student population in the world attending them. Quality plays a vital role for the development of the educational system in the country. Getting a right man for right job is a great concern for many of the employers in present scenario. The primary mission of business school is to prepare people to practice their skills in the business world. Unfortunately many academics do a poor job of developing and organizing new knowledge in a way that can be useful to practicing managers. Business school faculty need to do three things to improve the relevance's of MBA education be more problem or phenomenon focused, listen more to our subjects and be concerned with applicability as well as theory. MBA programs is to prepare students to be managers and leaders of organization but unfortunately it is being observed that many faculty in business schools choose to focus on topics that have only minor implications for the problems that managers face of equal concern is the lack of attention to the significant challenges and hurdles that manager do have to overcome especially those that occur early in a career. It isn't that our research is irrelevant but our faculties are too often unfamiliar in their day-to-day business. Management education in India is at a crossroads. It has the potential to be the destination of choice for the best and brightest students from across the world. But, that possibility hinges on key issues that should be addressed by business schools in India. The major among these are, the programmes ,the faculty, the classroom, research and development, linkage with the practicing world, regulation on the establishment of management educational institutes, value creation.