Internationalisation of Indian management education.

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Internationalization of Indian management education.

Indian management education is all poised for a paradigm shift.B-schools are now leaning more towards practical and experiential learning.This shift is driven by an increasing demand for business leaders,who are well equipped to navigate complexities of the modern business landscape.Many business schools are now incorporating more case studies, simulations, and real world projects into their curriculum.

     Management education in India is also getting largely interdisciplinary and cross functional, Business schools are increasing recognising the need for managers to have a wide range of skills, including communication, leadership and problem solving.As a result,there has been a push towards curricula that integrate subjects such as economics, psychology,and sociology.

   Indian B-schools have been partnering with institutions abroad to offer joint degree programmes and exchange programs.This trend is driven by the growing global nature of business,as well as the recognition that managers need to be able to navigate different cultural and economic environments.This has led to the internationalization of education.

  Overall, the trends in management education in India reflect a recognition that the business world is constantly evolving,and that managers need to be adaptable and able to think critically to succeed.Business schools are responding by offering more practical, interdisciplinary and globally focused programmes that give students the skills and knowledge they need to thrive in the modern business world.

    ENCOURAGING ENTREPRENEURIAL ECOSYSTEMS

    Indian youth should think in terms of creating jobs rather than seeking jobs.Its true in today's context,says,Dr Anant Sardeshmukh,a management counsel.Hence the entire focus of B-schools should be on producing firstly entrepreneurs and then intrapreneurs.Both are tasked with developing an innovative idea or a project, creating enterprises and jobs required by the masses.Accordingly, B-schools primary role would be to convert the mindset of its students from job seekers to job B-schools need to develop entrepreneurial and intrapreneurial personalities.who are curious and have the quality of skill of idea generation,and analytical thinking to further develop the idea.The other important skills are risk tolerance,team building,experimentation,and most importantly,acceptance of a failure,All these skills can be honest by indulging in a activities that would provide opportunities for experimentation.The B-schools should think of activities that would provide such opportunities.Every activity,and programme in a B-school should seek not only student participation but involvement,where teachers are just mentors,he opines.

FOCAL AREAS

   Business decisions entail risks and opportunities,asserts Dr Nava Subramaniam,Dean Amrita School of Business Amrita University.Coimbatore,India.An increasing volatile global economy demands managerial skills based on agility, adaptability,and timely decision -making.Management students in B-schools ought to invest in developing specialist knowledge that leverages technological tools,for example,data analytical frameworks and artificial intelligence,as well as communication and team management skills.The escalating complexity and ambiguity of business challenges also necessitate management students to be widely networked be culturally savvy and demonstrate inclusive and futuristic oriented leadership skills.Specialisations in digital marketing and technology, sustainable development,geen finance and economies, agile supply chain management,human resource and business analytics are some of the focal areas that would embolden aspiring business managers,Dr Subramaniam added.

SKILL DEVELOPMENT

   Acquiring all necessary skills has has become crucial for management students, opines Dr Prithvi Yadav,Ex-IIM professor,Vice Chancellor SUAS Indore.He average,Skilled MBAs are going to be sought -after,and we need to reinvent the new set-up for this Traditional entrance examinations cannot spot the talent or hone it.We need a fresh model of the examination, especially,when we are set to usher in industrial revolution 5.0,where skills are going to be the prime factor for success and survival.The MBA Skillset must transcend classrooms and must incorporate learning -by-doing,hands-on experience,live projects,continuous industry engagements et al.

MAKING AN INFORMED CHOICE

Specialisation should be based on one's interest and aptitude,says Dr Atish Chattopadhyay, Director of Jagdish Sheth School of Management Bengaluru and VC Vijaybhoomi University.Good business schools facilitate the process of self-discovery of its participants through leadership labs,involving psychometric assessment,and exposure to foundational courses across disciplines like marketing, finance,HRM et all in the initial two terms.Management institutes should facilitate industry interfaces and let students learn industry trends.New-age areas like Mar Tech,Fin Tech,Capital Markets, Business Analytics,Banking,Sales and service and HRTech should also be introduced to goom graduates for the new age roles in the changing economy.Management curricula should be engineered for Learner Success where students can hone skills nacessary to be survived,Dr Chattopadhyay sates.

MBA DEGREE WITH A DIFFERENCE

Today,India has the second largest pool of MBA in the world, says Dr Biswajeet Pattanayak,Former Professor,IIM Indore and Lucknow.Founder and president,ASBM University.The global study of diversity conducted by the Graduate Management Admission Council GMAC has high lighted 

that India is one among the top ten nations when it comes to students persuing MBA and equivalent courses,India has the highest number of management institutions.The growth and development have been witnessed more after the liberalisation, privatisation and globalisation of the Indian economy.Though the number-wise it is quite large, unfortunately,there is a wide disparity in terms of quality.For management students and B-schools, industry linkages are of paramount importance.We must find ways to improve the benchmarks of our management education,Dr Pattanayak points out.