Management Education in began with the objective of developing certain abilities into people to manage the business affairs well. It started with the goal of providing the much needed professional managers in the wake of planned industrial development.
Management Education has become very important in running the business of the country. Its contribution to the economic growth is well recognized. Value addition is possible through education at different levels and Management Education is one of the important areas of value creation. In the field of education, management theory is very close to the practice. Large number of institutions, both private and government are providing management education both at graduate and post graduate levels.
[...] Naturally, they do not be more enthusiastic in learning the management subjects and acquiring the management skills. In turn, such students are not able to make a separate mark and quality of output will be adversely affected. Management Education- prospects It is, indeed agreed by one and all that the graduate management education is at the cross roads and is suffering from various ailments. What is needed is the speedy action (both short term and long term) for its relevance and usefulness particularly in view of the new challenges in the context of globalization. [...]
[...] As the quality of management education provided is dependent to a larger extent on provision of necessary infrastructure, before starting the courses, attention has to be paid for this aspect, otherwise the quality of output will also suffer to a considerable extent. Industry Exposure to Faculty The colleges can send the faculty for industries to acquire industry exposure. Industries should allow the business schools to send their faculty members to the industry to have exposure in their specialized functional area. [...]
[...] Commercialization of the courses in many colleges With the increase in the number of colleges offering management courses, (particularly in the urban private colleges) we can observe commercial element entering into the process. Many private institutions are charging very high fees and are managing the courses without any intention of commitment for education, making it a daydream for many economically backward students to get admission in such colleges and are deprived of from getting quality management education. Existing Curriculum and Syllabi It is one of the challenges faced by many universities. [...]
[...] The research is an important parameter in ranking the universities worldwide. Even the best of the institutions are yet to make their mark globally as far as research is concerned. Lack of Infrastructural Facilities It is a well known fact that the quality of education is dependent on a a number of factors including the teaching staff, building, lecture halls with audio visual aids, library etc. which are not uniform in all the colleges and vary substantially from rural to urban areas. [...]
[...] Management Education - Present Position Mushroom growth in the number of colleges offering management courses Continuous increase in the number of colleges offering management course is the main challenge to be faced. Many institutions have come up particularly in the private sector to offer management courses. In Bangalore alone, we have around 70 institutions offering MBA and Bangalore alone has around 50 colleges with BBM course which supports the above fact. It can be attributed to many reasons craze for management courses, better prospects etc. [...]
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