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Management Education in India: Issues, Challenges & Prospects

Created by : Ankur Jauhari, Assistant Professor, Kanpur Institute of Management Studies  | 01 22 2011 04:28:49 +0000
Keywords : management education in india: issues challenges & prospects
Activity:  609 views;  last activity : 02 19 2011 15:42:36 +0000
 
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Management Institutes in India Developing True Future Managers Vs Management Institutes are not Developing True Future Managers
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The current scenario of Management Institutes seems to be as only the game of Edupreneurs. Those are having ample amount of financial resources, are entering in to the field of academics and running it as other businesses. The faculties are low paid, not experienced, no efficiency & effectiveness. As the number of institutes is increasing day to day, the stuff being faced is not up to the mark.
By Ankur Jauhari, Assistant Professor, Kanpur Institute of Management Studies  01 22 2011 04:28:49 +0000
 
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Today I am seeing MBA Institutes in every corner...its just a hype that is there at the moment for MBA grads hence people think doing MBA is the best option, even people who have done BE are going for MBA than MS which will suit them better....its the herd mentality which is out there at the moment, people think just by having MBA one will have a great career...and forget to ask themselves, do they have it in themselves to go for an MBA.....and today I really don't see the quality....its getting diluted as the day goes by.....seriously management institutes are not developing true managers anymore......
By ALEX FERNANDES, HR Manager, Spectrum consultancy ltd  01 25 2011 05:50:48 +0000
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Management education in India is mared by the inability of the students to correllate their academic work with manifestation of what they study in the environment. For example most of these theories of management were created in a 'free market' environment with an objective to further such a philosophy of market and we in India is not a 'free market' yet. Many of the theories discused are never visible, like take for example marketing, we don't see any strategy or tactics in marketing being applied or the environment of econcomic infrastructure don't allow such theories to be applied like lack of proper road systems between cities, towns and villages and how can a marketing student learning on the marketing tactics of 'place' dimension ever precieve what 'logistical' component of marketing is? Take for example finance, if they are taught the ratio analysis to maintain the 'fixed cost turnover ratio', how are they going to implement this to standard fit of the efficient company by raising the revenue stream if they cannot widen the market for the same reason that ecoomic infrastructure prevents the students from seeing what is going on compared to what they study. Like this there are so many pitfalls in Indian management education due the environment not condusive to 'fair commerce'. Students cannot learn the 'value theories' from where pricing of products originate, so is the correllation of the commerce wit the economy since all are disassociated. Now the economy will have to evolve in time which I hope will in future to accomodate the need for creating more aware managers so that the economy will be useful for citizen to live through.
By Mathew Cherian, Research Associate/Analyst, Western Michigan University  | 01 27 2011 13:54:54 +0000
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I agree ,vinods that  students have to adopt it n get updated daily, its not only responsibility by mgmt colleges, but its studnet's responsibility also to make future best quality managers.
By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 01 26 2011 03:33:49 +0000
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Not almost all the institutes but some, India is growing because of Indian managers, entrepreneurs, 2 IIM's are listed in worlds top 100 management colleges. Still allot of infrastructure, technology & mgmt skills has to be adopted to upgrade the level of colleges. some of the management clg are providing us a world class management skills n techniques and the no, is growing. The thing is that we the students have to adopt it n get updated daily, its not only responsibility by mgmt colleges, but its ours responsibility also to make future best quality managers. 
By vinodkumar balikai, Advanced Construction Management student at NICMAR, Pune  | 01 25 2011 17:37:47 +0000
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Future managers cannot be developed with an eye on theory and too much emphasis on the job market. Take for eg. the IIPM headed by arindham - who himself was a good management theorist. Today IIPM is nothing but a mass churner of MBA grads. How much of them get a job is not known. Most of them are absorbed in their own sister companies - planman consultants etc. True managers need practical experience rather than bookish knowledge. Theory is required mostly for an analyst kind of job but street smartness is required for all operations kind of jobs.
By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 02 19 2011 15:42:36 +0000
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hello Alex, i don't think so.management is not meant fit for any particular thing. it consists of so many things all put together which will be obvious for all inclusive in subject.primarily a good manager will emerge from lot n lot of practical experiances.any theory will be a just guidelines in ideal conditions but things in reality will be too different which no institute can predict and teach.
By jairaj shyam prasad, Production Manager, BOSCH Ltd  | 01 27 2011 15:57:05 +0000
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Alex very good observation and you have stated the actual facts. Good.
By Rathin Deb, Freelance Retail Consultant  | 01 27 2011 08:55:35 +0000
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It gives only a basic and fundamentals to become a managers and they need to learn a lot to become a true managers as theory differs from practice. Practical experience and on the job training only help and transform the budding executives as true managers.
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 01 26 2011 13:49:41 +0000
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I agree that herd mentality will not help future managers.
By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 01 26 2011 03:32:36 +0000
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Day in and out we all perform management activities in our daily life. However, we need Management Institues in imparting "values", creating "leaders" and finally making them as "mentors". I cannot see any institute doing this.
By AKNR Chandra Sekhar, Manager-Release Management, ANZ Operations and Technology  | 01 25 2011 17:39:38 +0000
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To be a good manager is not very easy as I myself is doing MBA and many MBA Institutes in India doesn't have funds,required knowledge, equipments or capable students to which they can impart knowledge or skills required by a manager.
By Rahul Sood, Student, Tecnia Institute of Advanced Studies  | 01 25 2011 14:23:06 +0000
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Management Institutes are provid Knowlede and Improve skill. But not provided job. Developing is depend on his Talent and his Luck 75% and 25% on Degree. I saw in my life that Somepeople is 12th pass & no qualification required manager post. Manager post required Experience.
By Sachin Chandrakant Joshi, Deputy Officer in Accounts, Nucleus Gis And Ites ltd  | 01 25 2011 07:03:59 +0000
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