Saturday, February 13, 2010

The Challenges Facing Indian B-Schools Today

I had made an attempt to write a few research papers some time back. Some were presented, published and appreciated; some didn’t either due to me not meeting the required deadlines or my boss not being interested. I take the opportunity to share some of the abstracts with my readers here. .

To become the third largest economy in the world India has to turn her into a knowledge-driven society for which total transformation is essential in the entire education system in the country. In tomorrow’s global scenario, the worth of intellectual capital of an industry will provide the competitive edge. Focus should be on those who will use knowledge at every stage. Indian companies need to adopt international standards. But is India dealing with this requirement for knowledge workers?

Quality education is crucial to make India flourish. One of the largest higher education systems in the world exists in India. It has 311 universities and 15,600 colleges as of 2004 producing 2.5 million graduates each year. However, most of them have failed to generate entrepreneurs and creative, intellectual leaders who are required in today’s scenario. India has made substantial development in getting more students into higher management studies, but the learning results are not as per potential. Globalization has affected Asian higher education.

Majority of Indian business schools are not truly Indian. They need to reflect whether curriculum or syllabus, both based on western concepts and management techniques, are applicable here or not. Higher education in India faces the experiment of regional disparity and a slanted growth of specialisation. The present condition of the higher education segment has unfavorable bearing on the primary and secondary school sectors. Graduates from numerous substandard institutes become school teachers and students become the victims. They come out without the essential skills and understanding of the subjects required in becoming an excellent performer. Thus a vicious cycle has been developed.

A regulator needs to be recognized to reorganize and streamline the system, ensure quality, and put a stop to brain drain. It is high time for the management institutes to apprehend that success includes not only financial benefits and prosperity, but also health, harmony, happiness and bliss for all the stakeholders. This scenario can be created when value-oriented quality mind set is developed which would lead to sustainable development.

Again, challenges like liberalization, globalization, medical revolution, privatization and consequently blindly following western culture, ultimately gave birth to: stressful imbalanced life. Stress is everywhere. Too much work pressure turns us into robots. We are earning a lot of money, but ultimately what are we getting: sleepless nights and unhappy family life and the guilt-feeling of not fulfilling all the demands of our life. There is inner turmoil and peace is lost forever. We have become helpless victims to our own demands, dreams and wishes. Here comes the importance of Indian management.

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