Offering global programs in India to meet new economic challenges with new ways of doing business. In such a situation, it would be correct to say that the coordination of foreign institutions with Indian Management Education is giving it a new identity.
Management education in India is ready for a new change. Now showing more inclination towards practical and experiential learning. This change is driven by the growing demand for business leaders who are well-versed in every aspect of modern business and are fully prepared to face any kind of complexities. In such a situation, understanding the changed environment, business schools are including case studies and real-world projects in their curriculum.
Talking about management education in India, it would be fair to say that it is becoming interdisciplinary and cross-functional to a great extent. Business schools are focusing on enhancing the capabilities of managers and in this sequence, they are giving special emphasis on improving their skills, communication, problem solving and leadership. For this reason, special attention has been paid to the curriculum, which includes subjects such as economics, psychology and sociology.
Indian business schools are partnering with institutions abroad with options such as joint degree programs and exchange programs. This trend is driven by the increasingly 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 internationalization of education.
Overall, the trends in management education in India show that the business world is constantly evolving and that managers need to adapt and broaden their horizons to be successful . Business schools are offering more practical, interdisciplinary and globally focused programs that enable students to hone their skills and enhance their knowledge and provide them with a solid foundation to thrive in the modern business world.
Strengthening the ecosystem related to entrepreneurship
Indian youth should think of creating jobs instead of finding jobs. In today’s era, entrepreneurship is not being talked about just like that. There is a solid foundation behind it. A Management Council Dr. Anant Sardeshmukh says that this is the truth of today’s era. That’s why all B-schools should focus on creating entrepreneurs first and then entrepreneurs. If you look carefully, both have been assigned a new responsibility, in which, along with the projects, the employment opportunities have to be expanded while promoting industry and ideas. Keeping these things in mind the primary of B-schools are changing and they are trying to change the mindset of their students so that they become job givers and not job seekers in future. B-schools need to create entrepreneurs and entrepreneurs. There is a need to create a skill set that focuses on quality with innovative ideas. In this sequence, there is also a need to refine analytical thinking to further develop the idea. Other important skills are risk taking, tolerance, team building, fostering experimentation and most importantly developing the habit of accepting failure. All of these skills can be honed by engaging in activities that provide opportunities for experimentation. B-schools should think of activities that have a place for these things. Every activity and program in a B-school should not only involve student participation but also accountability. So that when they move forward from here, they can easily take their responsibilities and move forward.
Talking about how both risk and opportunity can come together in business decisions, Dr. Nava Subramaniam, Dean, Amrita School of Business, Amrita University, Coimbatore, India, says that in today’s era when the global economy is booming As the world is undergoing changes, youth equipped with management skills are expected to understand the situations quickly and show the skill of taking timely decisions. Management students in B-schools should pay more attention to develop specialist knowledge. It should be such that it is equipped with the ability to take advantage of technological tools. These include, for example, data analytical frameworks and artificial intelligence, as well as communication and team management skills. With the increasing complexity and ambiguity of today’s business challenges, management students must focus on building innovative networks, being culturally savvy, and demonstrating inclusive and forward-looking leadership skills, as these are essential to today’s business environment. Time demands. Dr. Subramaniam says that expertise in digital markets and technology, sustainable development, green finance and economics, fast supply chain, human resources and business analytics are some of the key areas that will prove to be business drivers of tomorrow.