Journal Press India^®

Author Details ( * ) denotes Corresponding author

Management education is considered as elitist, precious and professional course as it attracts young candidates who are very passionate and motivated by the positive consequences associated with management education to either become a successful manager or to set an example by becoming successful entrepreneur. Management education in India is predominately a derivative of western management thought and practice. Occasionally, management schools draw some inferences from Indian epics, shastras and practices. It may be worthwhile to notice that management itself as a discipline has evolved from fundamental disciplines of philosophy, psychology, economics, accounting, computer science, mathematics, statistics and industrial engineering. In this decade India has witnessed a drastic change in higher education. Especially management education is witnessing an exponential growth in terms of number of institutes imparting management education which are usually termed as Business Schools or Management Institutions. In this paper authors have tried to explore the present situation of management education in India. This paper also studies the trends prevailing in management education in India, and tries to find out how effectively the management education helps the industries as well as how does it help one to become successful entrepreneur. Further the paper explains the emerging issues of management education in India and also explores the strategies and policies to be implied to improve the quality of management education and survive in long run. This paper throws light on existing literatures in management education in India as well as discusses the challenges faced by management institutions.

Keywords

Management Education; Business School; Policies; Strategies

1. Arum, R. and Roksa, J. (2011) “Academically Adrift: Limited Learning on College Campuses”, Chicago: Chicago University Press.
2. Arun Kumar Kaushik   and Jagbir Singh Dalal (2011) “Management Education in India Research Paper”, Uttarakhand Technical University.
3. Avgerou, C. & Walsham, G. (Eds.) (2000) “Information technology in context: Studies from the perspective of developing countries”. UK: Ashgate.
4. Chowdhry, K. (1977) “Strategies for Institutionalizing Public Management Education: The Indian Experience” In J. E. Black, J. S. Coleman, and L. D. Stifel (Eds.), Education and Training for Public Sector Management in Developing Countries. New York: Rockefeller Foundation.
5. Dayal, I. (2002) “Developing Management Education in India”. Journal of Management   Research, 2(2), pp 101.
6. Ghoshal, S. (2005) “Bad Management Theories are Destroying Good Management Practices” Academy of Management Learning and Education, 4 (1), pp. 75–91.
7. Goleman D. 1995 “Emotional Intelligence: Why it matters more than IQ Now”, Bantam Books,  
8. Gupta Sujoy, (1991) “A Quest for Golden Mean”, Business World July 31 (Quoted by Sheth N.R. in EPW, 1993).
9. Hugar S.S. (2001) “Challenges before Business Education in India”, Atlantic Publishers and Distributors, New Delhi.
10. Kere Cheryl & Lloyd C. (2008), “Pedagogical Learnings for Management Education: Developing Creativity and Innovation”, Journal of Management and Organization, Vol.14, Issue 5.
11. 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.
12. Kothari A & Kothari R, (2011) “Interrogating Management Studies: Legacie and Preoccupations”, Economic and Political Weekly, Jan. 1-7.
13. Kumar, M. (2006) “Attracting and retaining faculty”, Proceedings of fourth AIMS international conference on Management, IIM Indore.
14. Kumar, S. and Dash, M.K. (2011) “Management Education in India: Trends, Issues and Implications”, Research Journal of International Studies, 18(1), pp 16-26.
15. Maharshi N. & Arora L (2013) “Management Education in India: From Challenges to Opportunities”, Asia Pacific Journal of Management & Entrepreneurship Research, Volume 2.
16. Mintzberg, H. (2004), “Managers not MBAs” San Francisco: Barrett-Koehler. New York.
17. Ojha A.K. (2005) “Management Education in India: Protecting it from the Rankings Onslaught”, Decision 32(2), pp. 20-33.
18. Palety, P. (2011) “Student Scarcity Is a Major Concern for India's Business Schools” The Wall Street Journal. January 9, 2012
19. Pfeffer, J. and C.T. Fong, (2002) “The End of Business Schools? Less Success Than Meets the Eye.” Academy of Management Learning & Education (September), 1(1), pp. 78-95.
20. Philips J. (2009) “Business Education in India: Ringside View”, XIME, Bangalore.
21. Prabhananda, S. (2003) “Profiles of Famous Educators: Swami Vivekananda”, 1863–1902. August 16, 2011
22. Sankaran K. (2012) “Interplay of the Dimensions of Pedagogy: Getting the Quandrant Right”,  Nitte Management Review, Vol. 6, Issue 2.
23. Sankaran K. (2014) “Sustainability and Talent Management: Two Important Emerging Areas of Strategic Management”, NITTE Management Review, Vol.8 Issue 1
24. Sarkar, T. (2007) “Higher Educational Reforms for Enhancing Youth Employment Opportunity in India” CIPE International Essay Competition
25. Sheth, N.R. (1991) “What Is Wrong with Management Education”, Economic and Political Weekly, 26(48), pp. 23-128.
26. Shetty N. S. (2006) “Management Education in India: Challenges of Globalization, Souvenir”, Poorna Prajna Institute of Management, Udupi.
27. Swetha & Manoj K. (2011) “Management Education in India: Issues & Challenges”, Journal of Management and Public Policy, Vol. 3, July-Dec.
28. Vipin Gupta and Kamala Gollakata, “Quality in Business education: A study of the Indian context”. Paper prepared for and presented at the Business Education and Emerging Market Economies: Trends and Prospects Conference, Technology Square, Atlanta, Georgia, USA, November 7, 2003