MERI-Journal of Management & IT

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Mushrooming Management Institutes:Survival


Affiliations
1 VNS Business School, Bhopal, India
2 Bansal Institute of Research & Technology, Bhopal, India
     

   Subscribe/Renew Journal


The main objective of the paper is to know the present scenario and development of management education in India & to investigate its major issues & concerns. Today we need good and active managers for the development of country, so that they should know all the facts, logic and strategies, for implementing them in their practical field. For this they should get education from good institutions. Today in India, there is no dearth of institutes imparting management stream of education, but they are not giving education up to the mark, instead they demand high fee from students. Therefore, the result is average number of institutions providing average quality of managers. Otherwise, it would have been better, that quality education is provided by quality business schools, and then it would be beneficial for all students, companies and country too.

The paper explores the trend of professional education in India. The secondary data is analyzed to investigate the reasons for large number of vacant seats in professional colleges. The last two decades had witnessed extraordinary growth in institutes of higher education primarily due to private sector involvement. The private sector is expected to provide useful contribution in achieving the target of 30% GER by 2020 set by government of India. Though the private institutes have grown in number, they are not able to attract the high-ranking students. The issues of quality, access, equity, inclusiveness require urgent attention of the stakeholders. Main concern of today is that even graduates and postgraduates are not fit enough to get a job, forget about matriculates (10+2). This is all because of our education system. Large number of vacant seats in self-financing colleges is threatening the financial viability of these institutions. Proper regulatory framework supported by mutual trust and accountability is important for the establishment of vibrant global private higher education institutions, which can ensure quality, access, and inclusiveness.


Keywords

AICTE, IGNOU, Modules, Holistic, Interface.
User
Subscription Login to verify subscription
Notifications
Font Size

  • Barber, M. & Mourshed, M. (2007). How the world’s best performing schools come out on top? New York: McKinsey & Company.

  • Barker, R. (2010). No, management is not a profession. Harvard Business Review.

  • Bart, C. K., Bontis, N., Tagger, S. (2001). A model of the impact of mission statements on firm performance. Management Decision, Vol. 39 (1), pp.19-35.

  • Bennis, W. O. & O’Toole, J. (2005). How business schools lost their way. Harvard Business Review, Vol. 83 (5), pp. 96-104.

  • Chaturvedi, H. (2012). Making India a hub for management education envisaging a new role for the regulator. Proceedings of National Convention on Indian Higher Education-Vision for Quality, Autonomy & Accountability, pp. 33-35.

  • Chhapia, H. (2012). Business dull, 65 B-Schools across India to shut down. The Times of India. 19 February, 2012.

  • Conger, J. & Kanungo, R. (1987). Towards a theory of charismatic leadership in organisational settings, Academy of Management Review, Vol. 12, pp. 637-47.

  • CRISIL (2012). Higher education space to witness an overhaul. CRISIL, Press Release, February 01, 2012.

  • Datar, S.M., David, A.G., & Cullen, P.G. (2010). Rethinking the MBA, Boston Massachusetts, Harvard Business Press.

  • David, F.R. (1989). How companies define their mission, Long Range Planning, Vol. 22(1), pp. 90-97.

  • Ghoshal, S. (2005). Bad management theories are destroying good management practice. Academy of management Learning and Education, Vol. 4(1), pp 75-91.

  • Gupta, V. & Gollakota, K. (2004). Business education in India: the quality dialogue. IBAT Journal of Management, Vol.1 (2), pp. 1-18.

  • Khurana, R. (2007). From higher aims to hired hands: the social transformation of american business schools and the unfulfilled promise of management as a profession. Princeton: Princeton University Press.

  • Kumar, N., & Puranam, P. (2011). Publish or perish. The Economic Times, February 8, 2011.

  • Nanda, P. K. (2012). 138 professional colleges to shut shop. Mint, March 26 2012.

  • Palety, P. (2008). The crisis of governance in Indian b-schools. Mint, May 2, 2008

  • Palety, P. (2009). Investing in faculty crucial for b-schools. Mint, June 7, 2009.

  • Quacquarelli, N. (2011). Q S top mba.com application survey 2011.

  • Rao, Y. (2012). Slowdown hits b-school placements. Times of India, March 6 2012.

  • Sanchez, R., Heene, A. (2004). The new strategic management: organizations, competition and competence. John Wiley & Sons.

  • Sarkar, M. (2011). Declining numbers. Businessworld, June 2011.


Abstract Views: 446

PDF Views: 5




  • Mushrooming Management Institutes:Survival

Abstract Views: 446  |  PDF Views: 5

Authors

Anita Sheopuri
VNS Business School, Bhopal, India
Anuj Sheopuri
Bansal Institute of Research & Technology, Bhopal, India

Abstract


The main objective of the paper is to know the present scenario and development of management education in India & to investigate its major issues & concerns. Today we need good and active managers for the development of country, so that they should know all the facts, logic and strategies, for implementing them in their practical field. For this they should get education from good institutions. Today in India, there is no dearth of institutes imparting management stream of education, but they are not giving education up to the mark, instead they demand high fee from students. Therefore, the result is average number of institutions providing average quality of managers. Otherwise, it would have been better, that quality education is provided by quality business schools, and then it would be beneficial for all students, companies and country too.

The paper explores the trend of professional education in India. The secondary data is analyzed to investigate the reasons for large number of vacant seats in professional colleges. The last two decades had witnessed extraordinary growth in institutes of higher education primarily due to private sector involvement. The private sector is expected to provide useful contribution in achieving the target of 30% GER by 2020 set by government of India. Though the private institutes have grown in number, they are not able to attract the high-ranking students. The issues of quality, access, equity, inclusiveness require urgent attention of the stakeholders. Main concern of today is that even graduates and postgraduates are not fit enough to get a job, forget about matriculates (10+2). This is all because of our education system. Large number of vacant seats in self-financing colleges is threatening the financial viability of these institutions. Proper regulatory framework supported by mutual trust and accountability is important for the establishment of vibrant global private higher education institutions, which can ensure quality, access, and inclusiveness.


Keywords


AICTE, IGNOU, Modules, Holistic, Interface.

References





DOI: https://doi.org/10.25089/MERI%2F2017%2Fv11%2Fi1%2F164009