Restructuring Management Education in India

The competitive environment facing all organizations has forced many of them to choose strategies that enhance organizational effectiveness and efficiency. Re-engineering, redesigning, reshaping or restructuring is one of the tools used in administering productivity improvements, cost control, quality and asset management, whether in corporate sector or educational institutions, especially management education. Restructuring of organisations are common news we read or go through daily but now is the high time for restructuring of educational institutions especially management education and institutions. As lot of improvement is required, lot of upliftment of the standard is required and lot of change is required, change in abundance of things and their parameters. This paper examines the re-structuring of a management education. Restructuring is required in the vision, mission and strategic direction; core processes; financial performance analysis; organizational structure; reorganization of learning centers; courses offered; human resource policies and customers feedback etc. As it is not feasible to take up all the areas thus for the sake of convenience and clarity, we would bring some of the areas to light. Although a number of studies have been carried out in India, very few have concentrated on restructuring process of management educational institutions. This study critically examines the restructuring process and the major gains of a management educational institution that embarked on a restructuring program to fully meet its objectives of high quality education and training.