Case Study

MANAGEMENT EDUCATION: VISION 2020

MALAVIYA NATIONAL INSTITUTE OF TECHNOLOGY JAIPUR

Submitted ByJasa RamAvinash MisraVijendra Jain

MANAGEMENT

A manager should have proficiency

in

Knowledge of functional interdepende

ncies and adaptability

Management skills

Functional knowledge of

a business organization

Problem analyzing

and solving

Inter-personal

skills

Self-confidence

and motivational

skills.

Entrepreneurial Skills

Drive to succeed and control with initiatives

OBJECTIVE: “To find out the current scenario of MBA education in India and to propose a solution such that it can be made more efficient for future generation. Once our MBA education matches global standard the demand of our managers will increase significantly in the world.”

MBA: CURRENT STATS

Management college

No. of Intake Student

Educational background

Student hire from b school

Professional MBA

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

8096994704

121864

149555

179561

235698

315000

no of students

no of students

2006-07 2007-08 2008-09 2009-10 2010-11

1132 1149

1523

2615

3500

MANAGEMENT SCHOOL

MANAGEMENT SCHOOL

Functions Of B-school

An important function is to develop relevant knowledge, serve as a source of critical thought and inquiry about organizations and management

BUT

Most B-schools focus on marketing and advertising.

No. of B-schools is increasing- 1980: 4 B-schools were added 2000-2006: 169 B-schools were added

BUT

Not Cared about: Infrastructure & Intellectual Capital

Nobal purpose is gone and institutes has become teaching shops without quality faculty due to quick return on investment.

Currently: 30% shortage of qualified faculty

By 2020: may reach to 50%

AIECTE regulates the approval of B- Schools.

AICTE ensures compliance regarding infrastructure, library and laboratory facilities and student-faculty ratio

BUT

Corrupt approval of B-schools AICTE overlooks the indicators of

quality education. Only few region wise visits into B-

schools. AICTE is concerned about compliance of

the regulatory norms and hence governance and accountability do not feature in its relations with the B-Schools.

Current Status

Current Status

Bare minimum

technology use in

teaching Routine learning with no

Practical implement

ation

Less women

oriented Leadership

Less responsive manageme

nt education

Minimum interaction

with Industry

Lack of specializati

on in particular discipline

Current Status

Reviews From Different Committees

Most of the management institutions have been neglecting research.

Shortage of faculty and quality of faculty are the most critical aspects that need to remedy

soon.

Management institutions did not develop interactions with industry and this acted as a

vicious circle giving merely non- practical education.

Management institutions invested very little for faculty development even though most of

he committees earlier had identified this as a major lacuna. 

In order to have a better global exposure, to suit the requirements of industry under

There is a pressing need for globalization of management education

Reference:-The Nanda Committee 1981, The Kurien Committee 1991, The Ishwar Dayal Committee 1995-2000, The Management Education Review Committee 2003 .

TRADITIONAL V/S NEW

School must consider offering courses like :

Logistics

Agriculture management

Co-operative Management

Bank/Insurance management etc.

Public administration

Apart from traditional courses

like:

Finance

Human Resource

Marketing

Production Management

COURSES

Only 5% of undergraduate students in the country want a master's

degree

MBA seats annually in India have tripled from 4,500 to as many as 3.6

lakh.

Merely 10% of graduates from business schools manage to get hired by

corporate India.

About 2,00,000 students choose to go Abroad every year.

Brain Drain in higher education is also one of the reasons

In Europe, one year MBA degree has already become the dominant form

of MBA training.

Study estimating that 180 schools had shut down in 2012 and another

160 schools offering MBAs were expected to close incoming year

The management Institutions do not have culture that is supportive of

research(mainly 2nd tier college).

FACTS:- A tradition which is accepted

TIER II Institute

Admission

Academics

Management Training

Case Study

Role PlayingStudent

Exchange ProgramFaculty

Written, GD, PI all conducted by institute teachers

All theoretical based with courses having no contact with real world

Once in a 2 year course for 45-60 days after end of I year.

No live projects! Only case study of decades-old problem

Hardly any opportunity given

Students do go to a reputed college for 2 weeks

Rare faculty visits from premier B-schools

InterviewTelephonic interview of students from two

colleges

CAT, followed by written GD and PI

Basics of Finance, HR, Marketing and Accounting with practical touch

Once in a 2 year course for 45-60 days after end of I year.

Live case studies are provided

Various opportunities are given

Students are sent to foreign universities on a month long program

Faculties from foreign universities come and give lectures

TIER I B-schools

The supply-demand gap

The low quality of teaching and

learning

Constraints on research capacity

and innovation

Need to broaden the specialization

Distance Learning MBA

Globalisation of Management

Education

Faculty Development

Programs

Uneven growth and access to opportunity

Internationalize Management

education

Evening faculty for working executives

Recognition of Quality Faculty

CHALLENGES

Corporate Social Responsibility

Anti corruption education for MBA

Online management

New millennium

Relation-ships with industry

Ensure Quality Faculty

Webinar Responsive management

Political ideology

Education should be

mandatory

Hiring best for individual discipline

Create an independent Institutional mechanism

Need to broaden the specialization(family

business management

stream)

Promote Research Culture

Develop reading materials relevant to

Indian Context

Formation of All India

Council Of Management Education(AIC

ME)

REFORMATION IN B -

SCHOOLS

Current

Solutions

QualityEducatio

n

Quality Faculty

Link with

Industry

Indian Approac

h

Mentoring by other

Institutes

Various Activitie

s

Role Playing Industrial Visit

Social Awareness

Live Case Studies

IndustryB-S

chool

References

International Journal of Advanced Research in Management and Social Sciences ISSN: 2278-6236. 2013 PRME SUMMIT – 5TH ANNUAL ASSEMBLY New Ways of Developing Leaders for The Future. Case study by Sabanci University School of Management “More women on boards for decision quality” Case study by Aalto University School of Business Improvement of “sustainability literacy” of first year

business students through innovative business partnerships.  Case study by Aston Business School PRME “beyond the business school”.  Case Study by Ash ridge Business School “Exploring how sustainability is being integrated into in-house

company leadership development programmes”. British Council Understanding India: The future of higher education and Opportunities for international

cooperation. The Global Forum of Responsive Education Management The Rio Declaration on the Contribution of

Higher Education Institutions and Management Schools to The Future We Want: A Roadmap for Management Education to 2020.

 Emerging Issues in Management Education in India, VSRD-IJBMR, Vol. 1 (3), 2011, 164-176. Journal of Management & Public Policy Vol. 3, 2011 “Management Education in India : Issues &

Challenges.” Management Education in India Issues and Concerns, International Journal of Education and Learning

Vol.2, No.2 (2013), pp.15-26 THANK YOU