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90% of all the management students that I met claimed that they are doing a management
course because they felt, a management degree can improve their career, no one said “i am
joining, so as to learn business”
MBA has a word administration, which I feel neither students nor management institute
gives much importance to.
I feel this is completely wrong approach to management education in our country; they
develop manager donkeys.
My professor during my management programme use to quote “none of you donkeys will
need to wear a suit, as the only thing that you would be doing is taking your bosses lap top
and going where he asks you to go”
Our marketing classes do not give importance to number crunching, where as, numbers are
the most important facts as far as marketing is concerned. Facts, figures, percentage, profit
margin, debt equity ratio, net ROI, weights, graphs, compare evaluation, actual sales, etc.
How many of you in marketing have actually thought you need to be through with these
skills, and believe me that’s the reason why MBA in marketing is considered more on to a
glorified sales man job, you cannot become a good marketer unless you can crack the
number game.
Most students join marketing thinking that it’s the easiest to clear exams, however, this not
true if you are in IIM and similar.
Similarly with HR, most of them think HR is a feminine subject in MBA and leaving few
women who are extremely successful with HR, most of them are doing HR jobs to send
birthday reminders to colleagues of their firm.
I being a business man have understood the importance and value of HR. and sad no one is
actually very keen to take up HR as a serious career.
Finance, operations and others can actually be done by computers; it’s the marketing skills of
yours that can come to help to have a great career in finance.
Do keep a track of all your alumni and what they do, it’s very important to shape your career.
In the modern economic scenario all over the world – Management as a stream
of education and training has acquired new dimensions. New tools and
techniques are continuously being introduced to improve the efficiency,
productivity and profitability of any organization.
Management education has entered a period of profound transition driven by
globalization, technology, demographics, and pressing social imperatives. As it
is understood that the management education is an investment in the future of
business, it is important to understand the challenges, opportunities, potential
risks and rewards associated with this transition.
In this context, National Knowledge Commission (NKC) has also focused on
Management Education - as in the recent past, there is unprecedented number
of technical and management institutions being set up since the early 1990's
mostly through private capital. The students have a vast choice regarding the
institutions in which they want to study. In the field of management education,
India has more than 1200 institutions providing undergraduate and post-
graduate level courses. Since the management graduates and post-graduates
produced by these institutions are primarily absorbed by industry, there is a
growing need to match the curriculum and structure of management education
to better fit the needs of India and sensitive to the changes in both in the
industrial and services sectors within the country. Moreover, it is important to
properly assess the quality of management education imparted to the students of
the various institutions for proper decision-making regarding selection and
recruitment by potential employers.
In most MNCs and professional organizations, many managers have MBA
degrees. Employees who have management degrees from Business Schools
have better career growth opportunities than those without such qualifications
as quality MBA Program is believed to equip students with the necessary
knowledge, skills, and strategic perspectives that enable them to make
significant contributions to the organizations they join after completing the
program. Many working executives also chose to do an MBA, in order to boost
their growth prospects within their companies and reskill themselves so that
they can perform effectively in today’s highly competitive business
environment.
Thus, the management education plays an essential role in today’s dynamic
business environment. The rapid trend of globalization and technological
changes have made difficult for organizations to survive in the competitive
world. As a result, the importance of management education has been increased
many folds. Business executives need to update their skills due to sudden
changes in the external environment. Due to the increasingly complex nature of
organizations and businesses, there is a need that the business schools impart
relevant, current, and cutting edge knowledge to the students. Given the
significance of management education which is essential for today’s
organizations, the business schools as well as engineering colleges should play
pivotal role in equipping our future managers with the emerging trends of
management skills to face the challenges of dynamic business world.