A THEORETICAL STUDY ON SIGNIFICANCE OF MANAGEMENT EDUCATION IN INDIA

Author Name: Dr. Prasad B Roodagi

Volume: 01 &  Issue:

Country: India

DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/12.2020-54543227/

Affiliation:

1. Director, KLES IMSR, BVB Campus, Vidyanagar, Hubli -580031

ABSTRACT

The present research paper describes the state of management education as it exists in India and briefly outlines its history. Management studies are a relatively new trend in India and due to the opening of the economy the demand for management graduates has increased manifold. This has made an MBA/PGDM a most sought after degree and resulted in the mushrooming of management institutes in every nook and cranny of the country. Needless to say, not all of them are good and their quality leaves much to be desired. The state of affairs in management education is a mixed bag. There are IIMs which are on the forefront of management education not only in India but comparable with the best in the world. On the other hand there exist a great number of B-schools in both metros and small towns which suffer from shortage of faculty, lack of good library, computers and general infrastructure, not to mention little or no interaction with industry. To add to their woes, the course contents and pedagogy is severely limited and academic in nature. This leaves student with little skills relevant in the business world. Indian industry in the recent years has undergone a paradigm shift. Unfortunately, our management education has lagged behind the pace of it. This state of affairs demands a drastic overhaul of the way management as a discipline is taught in most of our institutes. The paper presents some suggestions and solutions to alleviate the malady from which Indian management institutes are suffering. It is no secret that the wide disparity in management education and industry practices creates job aspirants who are no better than a paper tiger and find it difficult to survive in a harsh market environment. It should be a foremost priority of the government, AICTE, educational institutions and industry to take the initiative and break the mould. The study aims to provide a few relevant and pragmatic suggestions as to what can be done to right this wrong. The state of affairs in management education is a mixed bag. This leaves student with little skills relevant in the business world. Indian industry in the recent years has undergone a paradigm shift. Unfortunately, our management education has lagged behind the pace of it. This state of affairs demands a drastic overhaul of the way management as a discipline is taught in most of our institutes. The article presents some suggestions and solutions to alleviate the malady from which Indian management institutes are suffering. It is no secret that the wide disparity in management education and industry practices creates job aspirants who are no better than a paper tiger and find it difficult to survive in a harsh market environment. It should be a foremost priority of the government, AICTE, educational institutions and industry to take the initiative and break the mould. The study aims to provide a few relevant and pragmatic suggestions as to what can be done to right this wrong.

Key words: Management education,pedagogy, restructure, autonomy, initiative, government intervention, discipline