MANAGEMENT

EDUCATION

Introduction

Status Quo

Conclusion

A Fad

Teaching

What is Management Education about?

Acquiring Practical Knowledge.

How we relate this knowledge to our day to day working.

How we apply this knowledge.

What does it offer?

Tools, equipments & necessary techniques of successfully handling various business & management related issues.

Holistic picture to the students about how to manage four “M”s of any organization.

• Money• Material• Man • Machine

Besides providing the basic management

capabilities it also provides :

Ability to use the contingency approach to solving

business problems.

Combining the best parts of several solutions into a unique and better solution.

Having a global perspective.

Working with and learning from others.

Development of management education can be traced

back to the 18th century.

From 18th century to 21st century, management

education has seen a lot of changes and development.

Management education in India has come a long way.

The history of management education in India goes

back to the pre-Independence era.

The first college level business school in the country

was founded in 1913 in Mumbai and was soon

followed by another in Delhi in 1920.

According to a report done by the Graduate Management Admission Council--a global non-profit education organization--there has been a marked increase in demand for a MBA education since 2006.

Influx in Management from Different Fields

There are 25,951 colleges of which, 7,362 are recognized under 2(f) and 5,997 colleges recognized under section 2(f) and declared fit to receive grants under section 12(B) of the UGC Act, 1956

In last 5 years the number of AICTE approved colleges has increased by almost 70% in total in various disciplines

Year Engg. Mgmt. MCA Phar Arch HMCT Total Added inYear

2008-09

1475 1052 976 629 118 70 4320 383

2009-10

1511 1132 1003 665 116 64 4491 171

2010-11 1688 1149 1017 854 116 81 4885 394

2011-12 2388 1523 1095 1021 116 87 6230 1345

2012-13 2972 1940 1169 1081 106 93 7361 1131

• Management institutes have seen growth of 90% in terms of number of institutes and growth of 123% in terms of intake.

• Table (1) shown below shows growth of AICTE approved technical institutes in last five Years.

Indian employers reported more MBA job opportunities in 2011 than the united states, with one India-based financial services company reporting over 7,000 MBA job opportunities this year alone, and even more in 2012.

Table (2) shows the percentage increase in numbers of MBA jobs reported by employers in 2011 compared to 2010, for the top 10 countries by volume of MBA hiring

Countries

Share of Job

Market

2011

Increase in MBA demand during 2010/11 and

projected future growth in demand

2010/2011 2011/12 2012/13

India 26% 157% 120% 136%

United States 15% 124% 110% 103%

Mexico 5% 203% 110% 113%

China 4% 114% 118% 133%

Argentina 4% 120% 109% 107%

United Kingdom 2% 134% 113% 110%

Chile 2% 138% 99% 108%

Japan 2% 127% 118% 116%

Brazil 2% 194% 125% 103%

Germany 2% 128% 104% 109%

Source: TopMBA.com

17 functional IIMs University affiliated colleges Autonomous Institutes AICTE, Distance Education, IGNOU, Delhi

University, Kurukshetra ,ICFAI et al. Collaboration with Foreign Universities Student exchange programs abroad (like

AMITY in Singapore)

Focuses on : Stress on performance Losing the sight of Purpose

Is the root cause of : Morality crisis Governance issues Slipshod Behaviour of Corporate Citizens

The criticisms directed at management education generally revolve around two claims :

I. The crisis was brought about by managers educated in business schools which do not pay enough attention to social responsibility, ethics and governance.

II. Some theories or models are taught at management school could be held responsible for the crisis, such as the principal-agent model or the portfolio model in finance.

On other side episode like Satyam has given rise to new controversy and forced to make comparison like Satyam Vs. Enron, PWC Vs. A.C. Nielson and Ramalinga Raju Vs. Kenneth Lay and has questioned acumen and ethics of business managers.

The future will see changes in business schools curriculum and management research. Future research will include questions of diagnosis and prediction and this will help in explaining and preventing future global economic meltdowns.

Task:Construction of

Industrial Flooring

RECAP:

What it is

Why it has become a fad

The Status Quo

Teaching Methodology

Bitter truth

Introspection before deciding to study MBA

A System Facelift : Dire need

Focus on Value Addition