Institutional Base For Industry Driven Business Education


By

Dr. (Smt.) Siddamma R. Guded
M.Com, Phd, Pgdca
Selection Grade Lecturer
Dept. of Commerce
Sharanabasaveshwar College of Commerce
Gulbarga-585 103
E-mail:
vbharathan@gmail.Com
 


Introduction:

Business education in india is in the phase of change. The three current developments sweeping india, namely, liberalization, privatization and globalization have had a drastic impact on business education.

The business education in india has come along way. The first and foremost business school in india was indian institute of social welfare and business management, calcutta that was established in 1953.the next one being indian institute of management, calcutta in 1961. Then iim-a in 1962, department of business administration, delhi school of economics in 1966, xlri in 1966 and so on.

It is the period of early 90's which saw the boom of many new business (management) schools, which are run and managed by the private management educational institutions. At present there are over 800 management institutions in the country. Few business schools have also established collaboration with some foreign universities.

Management institutions in india generate around 30000 full time mba's and 10000 part time mba's every year. Apart from this, the distance education programs of various universities like ignou, aima, aou and so on are equally producing mba-equivalent graduates and postgraduates.

The growth of business schools like mushrooms in the soil has raised number of questions, such as quality of business education, quality of managers produced by these management institutes. At the same time the question arises with regards to quality of professors, faculty members who are contributing for business who are contributing for business education, though, some of the business schools are putting their best efforts for increase in efficiency and effectiveness. Still, when we compare with world class business education, our business schools have bunch of problems the business ethics, knowledge, efficiency, fluency to apply management concepts and theories in industries.

In order to drive the quality in business education, the quality in business education , the concerned authorities like, government professional association bodies, institutions and industries have to play a vital role. Of course, aicte, as apex institution in the country is insisting for the quality in the business education.

In spite of the aicte focus on various aspects, there is an urgent need for

  • Essential and basic infrastructural facilities
  • Qualified and efficient faculty
  • Industry based knowledge and experience in role model which adds for the business ethic, resulting into the value added business education
  • Institutional base for industry driven business education

As the business is widening globally day-by-day, there is a massive need for the institutions and universities to produce global managers. It is the manager who can best sell his local product at global market therefore, it has become necessary that indian business education should also become more global with this relevance the focus is to be made on the following.

There shined an exchange program to the student faculty in india and at international level. The business schools should collaborate with industries by which students can impart practical and knowledge based education. The curriculum should be up-dated at international level.

Conclusion

Business school needs to have small business venture in their research and curriculum development. More studies are required to be done along with the industries which provide practical knowledge, thereby business education can yield cumulative benefit i.e. industries are benefited by the students and vice-versa which results into value added education. The traditional method of education is to be transformed. "experience" is no more the buzzword but it the "capability to deliver the results". No wonder, in today's organizations we are increasingly finding the ceos or the superiors much younger than their subordinates, a very difficult situation indeed for the people who thought that the age and years of experience were the only criteria for going up the organizational ladder.

Also no person can anymore ensure the guarantee of the employer but what is required is the ability to ensure the employability.

there is no dearth of managerial jobs in india as well as abroad for the people who can deliver. In fact if you have the capability to manage and deliver results, you need not seek the jobs and rather the jobs would seek you. Today's organisations need a manager who can change with the changed requirements, initiate changes in the organisation, lead the changes and manage the changes within and outside the organisation. After all, the only permanent thing in the today's world is the change!

Reference:

1. Source : How can business school foster CSR. -by Reshma Prasad
E-mail prasadreshma@yahoo.com

2. Source: critical issues of indian management education.
E-mail Feb 7, 2004, kc.dcm@yahoo.co.in

3. Source: sustaining quality in management education- by
Prof. Varun Arya, director, Aravali Institute of Management, Jodhpur
e-mail: aravali@india.com
 


Dr. (Smt.) Siddamma R. Guded
M.Com, Phd, Pgdca
Selection Grade Lecturer
Dept. of Commerce
Sharanabasaveshwar College of Commerce
Gulbarga-585 103
E-mail:
vbharathan@gmail.Com
 

Source: E-mail February 21, 2006

   

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