FREE ELECTRONIC LIBRARY - Abstracts, online materials

Pages:     | 1 |   ...   | 63 | 64 || 66 | 67 |   ...   | 77 |

«Published Annually Vol. 6, No. 1 ISBN 978-0-979-7593-3-8 CONFERENCE PROCEEDINGS Sawyer School of Business, Suffolk University, Boston, Massachusetts ...»

-- [ Page 65 ] --

This research is an attempt to understand the changing need of management expertise to face the contemporary challenges of management and the roles of management institutions in this concern. The business has to know the implications of the changes and accordingly has to prepare the students by their capabilities required to implement the strategies. This work also emphasizes on the malpractices of management institutions and the steps required improving the quality, values and Ethics in B-school through Life Skills Education.


th The development of management education can be traced back to 18 century. From last couple of decades, management education has seen lot of changes and development. Management education in India Predominantly a derivative of western management education thought and practice. Often, young men and women are attracted to management education not because they need some education, exposure and experience to create something innovative and wonderful, and hence useful to society but are usually motivated by the principles of profit motive and the escapism of malpractices and consequences associated with management education. There are several challenges of management education which require change in the character and structure of management education with corporate sector, up gradation of curriculum and course content, designing of different programs for executives, maintenance of an efficient and effective regulatory system to check mushrooming and to promote good values, ethics and business morals.

st The 21 century in India has witnessed a sea change in its educational system. Management education is in great demand especially after the change towards liberalization, privatization and globalization. Initially Marketing, Finance and Human Resource Management were considered as functional area of management, but now management education covers much more functional area like Operations, Information Technology, International Business, Supply Chain Management, retail and much more to add to the list. India has witnessed a continuing growth in this sphere of education because of the rising demand of trained management graduates. Management education has become one of the most sought after education today as a result of this; private sector has entered in Indian management scenario and invested an immense amount for this.

India being the part of global linkage in the aftermath of WTO agreement is becoming a technology driven society. Nearly one lakh management graduates pass out every year in India, providing a tremendous potential to contribute to the creation of a knowledge society. Management education need to be made value based, rather than money based. India is facing a crisis of quality management education. As compared to international standards the Indian management institutions (with a few exceptions) are far behind. There is a need to fill this gap. The changing scenario of management education such as Industry and Academia Interface; Teaching and Evaluation in Management Education; Developing Competence of Management Teachers; Management Education and Up gradation of Students Skills; Management education and India Ethos.

In order to start a new B-School it should be approved by the apex level of a national statutory body called All India Council for Technical Education (AICTE). It advises all B-Schools of 3 years standing to go in for accreditation. For that purpose, AICTE has created a special agency called the National Boards of Accreditation (NBA). New Private universities like ICFI, Amity and several others are now coming up.

Presently there are more than 7000 management colleges exist across the India, out of which 971 are in A.P and many among them like Indian Institute of Management (IIM) are counted among the best of the world. India’s entry in the globalization process also acted like a catalyst in this management education boom. Because of the increasing number of global and Indian multinationals, trained management graduates are in demand and this demand too actively fuelling the interest of more number of students every year. In response to this growing demand, private sector also entered in Indian management scenario and invested a hefty amount for this. A large number of private management colleges along with government aided management colleges came into existence in the last decade only.

Objectives of the Study

 To study the trends prevailing in Management Education in India and Andhra Pradesh  To find out the situation of management education in Private colleges of A.P  To Study emerging issues of management education and its approach towards the development of curriculum needs of Industry  To Explore the reasons for decline and vacant of management admissions and in A.P  To suggest steps required to improve the quality of management education through Life Skills Education Review of Literature The government of India has established ten India Institute of Management in different parts of the country. They are one of them best schools by way of their products getting employed globally with internationally competitive financial packages. The second categories of institutions are almost in government sector except 2-3 schools their performance is satisfactory. The third level of schools are mostly lacking with competent faculty resulting in average level of human resources produced by them.

Saritha (2010) in her article ‘Emerging issues in Management Education in India’ explained about the growth of management education over a period of time, quality management education and the role of AICTE in issuing the private management colleges. She mentioned some of the drawbacks of the management education such as lack of highly qualified and experienced faculty members, curriculum design, ethics and value-based education, emphasizing research in management and exposing to real business issues and placement opportunities. The article highlights the suggestions to improve the quality of B-schools. She suggested management education that it should be holistic, targeted and customized with aim to remove the gap that exists between industry requirements and value based training.

Seema (2008) in this article ‘Management Education in India: A Global Perspective’ explained about the establishment of exclusive business schools in India. She compared two business schools having single discipline and multidiscipline which were established in last two centuries. She analyzed their performance and placement, delivery system, communication system, management of complexes and financial. The outcome of this work emphasized the institution which follows standard norms and results lead to positive opportunities and placement in the global competition.

Sanjeev (2011) in his article ‘Management Education in India: Trends, Issues and Implications’ emphasized about the implications of management education in India and the role of AICTE. The emerging issues of management education in India are dedicated governmental body for management education, quality of faculty. Curriculum design and developing material relevance to improve the standards in research, and more emphasis is given on customization of specialization and exposing to real business issues with a view a global perspective. He concluded that it should be holistic targeted and customized with aim to remove the gap that exist between industry requirements and academic curriculum focusing on attitude, corporate Conference papers © Knowledge Globalization Institute, Pune, India, 2012 awareness, grooming and developing managerial skills. He suggested introducing monitoring and career counseling, value based education and skills to improve the quality of management.

Mamun (2009) in his article ‘Management education for Contemporary Challenges: The Role of Business School’ reveals that business organizations have been giving pressures to universities to fit their professional mode. It becomes crucial now for their successful survival in creating knowledgeable people to face the challenges of the environment. He highlighted the management education has to be shaped into the needs of the industries today. But in today’s situation of business school is questionable due to lack of professionalism in its management. The study also reveals that top ranking business in the regions have responded rightly to build the skills of future managers. The business schools those who have poor standing in case of setting right vision have got drawbacks curriculum integration process and finally, do not have exposure to effective approaches to offer the programs have been treated as inefficient institutions and it may lead to produce inefficient human resource to the corporate world.

Philip (2008) in his paper presentation ‘Management Education in India’ discussed about some of the serious problems regarding massive growth of management institutions in India. The major problems he highlighted about the shortage of faculty and qualification of faculty. This shortage is mostly met by visiting or adjunct faculty, retirees from industry or managers. Most of the faculties are MBAs with considerable industrial experience and they bring to the classroom and among the faculty the number of PhD qualification will not be more than 40 percent.


This research is mostly done on existing literature of management education. The first two sections of the research have been done on reviewing the literature of the issues raised in the study. So, a good number of published papers on the issues has been reviewed and examined to get clear idea on major aspects of the research. This exercise gives a clear understanding of the changing scenario of managing business today and the management skills required to face the challenges of management.

Then, the research has got today’s situation of management education to meet the needs. The researcher carried out the study based on both Primary and Secondary sources. The Primary sources are mainly the data collected by the researcher from the office of higher education council, Hyderabad and additional resources we gathered from the JNTU Library. The Secondary sources are collected through a survey of literature both published and unpublished, books, articles, and vernacular newspaper essays.

–  –  –

Table (1) and (2) shown above shows the growth of AICTE approved technical institutes in last five years. In 2008-09 there is a massive increase, thus it can be called the golden year in respect to establishment of institutes. In last five years the number of AICTE approved colleges has increased by almost 70% in total in various disciplines, whereas management institutions has seen growth of 90% in terms of number of institutions and growth of 123% in terms of intake.

–  –  –

1 2005-06 220 13755 2 2006-07 278 16875 3 2007-08 393 27718 4 2008-09 498 34901 5 2009-10 894 61150 6 2010-11 971 78340 *Source: Andhra Pradesh State Council for Higher Education (APSCHE) - Hyderabad The above table explains number of colleges and number of seats in the last five years in the State of Andhra Pradesh. There is a massive growth in the Management colleges from the year 2005-06 from 220 institutions to 971 in the year of 2010-11. Due to the increase in college number automatically raised the admissions in these institutions from 13,755 to 78,340 seats in the last year admission. After 2008-09 admission the number of admissions got doubled in 2009-10 admissions. The reasons for this immense growth in admissions and colleges are no control over management institutions, management seats got raised, and the problems of lack of efficient faculty and qualified faculty, mushrooming institutions within stakeholder vicinity led to get admissions in the institutions.

–  –  –

The above table explains last two years of MBA admissions in the state of Andhra Pradesh. In 2010 there are 950 colleges, with 54,364 seats. Out of which 44,883 seats got filled and the remaining seats left vacant. We have zero admission institutions and single digit admission institutions. There are management institutions which have 100% admissions in both successive years. In Conference papers © Knowledge Globalization Institute, Pune, India, 2012 2011, there are 971 MBA colleges, in which 62,860 seats allocated to management discipline in that only 39,719 seats got filled.

Compare to 2010 academic year there are more vacant seats left in the management stream.

–  –  –

The study reveals that, present scenario prevailing in management education in India, trends and contemporary challenges faced by management education in India. The outcome of all this is that management education appears to be more relevant than ever in the ‘global era’. The ultimate challenge of management education approaches is to become more practical oriented and industry focus region being theory based developments and teachings are worthless, due to the fact that they will be of little use in concrete situations when a management issue arises. If Management education in India has to really extend its image of international scenario beyond Aim’s, institutions, industry and government has to work in alignment to improve quality of management education.


1. Ganesh, S.R. (1980) ‘Performance of Management Education Institutions: An Indian Sampler’ Higher Education, Vol.9, No.2, pp.239-253.

2. Matthai, R.J. (1980) ‘The Organisation and the Institution: Management Education in India’, Economic and Political Weekly, Vol.15, No.22, pp. 69-72.

3. Thorat, S. (2005) ‘Higher Education in India Emerging Issues Related to Access, Inclusiveness and Quality’, paper presented at the Nehru Memorial Lecture, JNTU Delhi

4. Seema, S. (2008) ‘Management Education in India: A Global Perspective’, International Journal of Computer Sciences and Network Security, Vol. 9, No.4, pp.74-81.

5. Pylee, M.V. (1967) ‘Management Education in India’, Management Sciences, Series C, Vol.13, No.10, pp.C209-C217.

6. Sanjeev, K. & Dash, M.K., (2011) ‘Management Education in India: Trends, Issues and Implications’, Research Journal of International Studies – Issue 18, pp.16-26.

Pages:     | 1 |   ...   | 63 | 64 || 66 | 67 |   ...   | 77 |

Similar works:

«16 December 2011 Lucio Sarno PERSONAL DETAILS Date of birth: 10th December 1970 Nationality and residence: Italian national, UK resident Address: Faculty of Finance, Cass Business School, 106 Bunhill Row, London EC1Y 8TZ, UK E-mail: Lucio.Sarno@city.ac.uk Personal homepage: http://www.cass.city.ac.uk/faculty/l.sarno PRIMARY APPOINTMENTS Current affiliations  City University London, Cass Business School: Professor of Finance, 2009Associate Dean and Head of the Faculty of Finance, 2009 Centre...»

«The E↵ect of Housing on Portfolio Choice⇤ Raj Chetty L´szl´ S´ndor aoa Stanford University and NBER Luxembourg School of Finance Adam Szeidl Central European University and CEPR September 2016 Abstract We show that characterizing the e↵ects of housing on portfolios requires distinguishing between the e↵ects of home equity and mortgage debt. We isolate exogenous variation in home equity and mortgages by using di↵erences across housing markets in house prices and housing supply...»


«ANNUAL REPORT 2015 PILBARA MINERALS LIMITED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2015 CONTENTS Page Corporate Information 3 Chairman’s Letter 4 Directors’ Report 5 Auditors Independence Declaration 22 Consolidated Statement of Profit of Loss and Other Comprehensive Income 23 Consolidated Statement of Financial Position 24 Consolidated Statement of Changes in Equity 25 Consolidated Statement of Cash Flows 26 Notes to the Consolidated Financial Statements 27 Directors’ Declaration 53...»

«Budget Speech Madam Speaker, I move, that the Appropriation (2008/09 Estimates) Bill be now read a second time. Budget 2008 is about continuing to build a fair society and a strong economy against an economic background which is the most challenging New Zealand has faced in over a decade. A very large part of this challenge is generated by international forces which are well outside of our control. The most obvious of these to the average Kiwi family is the continued increases in the prices of...»

«CHRISTIAN FINANCES THE AND BIBLICAL PRINCIPLES FOR MONEY MANAGEMENT What good will it be for a man if he gains the whole world, yet forfeits his soul. Matthew 16:26a (NIV) By: Rev. Mark Danielson THE CHRISTIAN AND FINANCES COURSE This course is not intended to be: 1. A comprehensive in-depth Bible Study on the Christian and Finances. 2. An in-depth financial training course. (Investments, insurance, wills... ) This course is intended to be: 1. A course which gives you basic scriptural...»

 Meeting came to order at 7:30 p.m. with Selectmen Michael J. Schleiff, Kim R. Roy and Troy E. Garron present.The following business was discussed: PLEDGE OF ALLEGIANCE The Board as well as those attending tonight’s meeting stood to recite the Pledge of Allegiance. AGENDA The Agenda for Tuesday, February 10th, was unanimously approved without revision. MINUTES Moved by Garron and seconded by...»


«Propensity Score Matching Regression Discontinuity Limited Dependent Variables Christopher F Baum EC 823: Applied Econometrics Boston College, Spring 2013 Christopher F Baum (BC / DIW) PSM, RD, LDV Boston College, Spring 2013 1 / 99 Propensity score matching Propensity score matching Policy evaluation seeks to determine the effectiveness of a particular intervention. In economic policy analysis, we rarely can work with experimental data generated by purely random assignment of subjects to the...»

«Contract No.: 278-C-00-02-00210-00 Contractor Name: Chemonics International, Inc. USAID Cognizant Technical Office: Office of Economic Opportunities USAID Jordan Date of Report: March 2005 Document Title: Using PDAs for Economic Data Collection at the Department of Statistics Final Author’s Name: Linda Faris-Kawar Community Development Group Activity Title and Number: Achievement of Market-Friendly Initiatives and Results Program (AMIR Program) Using PDAs for economic data collection 432.21...»

«Contractual Methods for Out-of-Court Restructuring of Systemically Important Financial Institutions Darrell Duffie Graduate School of Business, Stanford University PRELIMINARY DRAFT: November 9, 2009 Submission Requested by the U.S. Treasury Working Group on Bank Capital Here, I briefly outline some approaches to the “automatic” out-of-court recapitalization of financial institutions whose distress may pose risks to the economy. 1 The main objectives are (1) to reduce the incentive of a...»

«Stock Markets, Banks and Long Run Economic Growth: A Panel Cointegration-Based Analysis Laurent Cavenailea, Christian Gengenbachb, Franz Palm1c a New York University, USA b Maastricht University, The Netherlands c Maastricht University, The Netherlands Abstract The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for crosscountry...»

<<  HOME   |    CONTACTS
2017 www.abstract.dislib.info - Abstracts, online materials

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.