Premium Essay

Purpose of Management Education: Need for New Directions

In:

Submitted By harihk
Words 296
Pages 2
Purpose of Management Education: Need for new directions
Abstract
Author Prof (Dr) S.M.Harikrishnan,
Associate Professor, Chinmaya Institute of Technology, Kannur.

In the present competitive business environment, organisations face complex challenges every day, and more often than not those challenges centre on execution limitations of key personnel. These necessitate us to look back and answer the fundamental question: What is the purpose of Management Education? In India, business schools are growing at a high pace witnessing an exponential growth. Even today, Management education is the most ‘sought after’ course among students. Huge investments are happening, mostly from private sector. Apart from traditional programs – Finance, HR, Marketing, Operations, specialisations are offered in new functional areas like Information Technology, International Business, Supply Chain Management, Retail Management, Aircraft Management, Air Port Management Food Management, Textile Management etc. However, the quality of education has deteriorated in a huge way – both with Institutes and student graduates. Even though these institutes offer modern specialised courses, only few provide 100 % placements. The real issues lies with the quality of the Institutes, Corporate Governance of the Institute, Quality of Students and to a big extend the rules and regulations of Government / Authorities.
This paper explores the present situation of management education in India and tries to answer the following questions there by seek to find new directions. 1. Are we able to develop leaders through the present system of Management education? 2. Whether our students are best-equipped to face the increasing challenges of business on a global scale? 3. Management Graduates contribution to our economy in terms of moving to entrepreneurships? 4. Quality of output that we

Similar Documents

Premium Essay

Collective Management

...assessment framework for performance excellence. It will help measure performance on a wide range of key business performance indicators: customer, product and service, operational, and financial. All key stakeholders processes and results are examined: customers, employees, owners and public. Assessment against the Criteria allows the company to identify company strengths and target key opportunities for improvement. Company communication and performance will improve, with resources aligned to achieve common goals. Why should companies conduct a Management Self-Assessment The Self-Assessment is just one application of the Criteria for Performance Excellence offered by the University Extension and the SBDC. Companies completing the Self-Assessment will have a detailed overview of their organization outlining strengths and opportunities for improvement. Self-Assessment Purposes The assessment has three important roles in strengthening companies: • to help improve performance practices and...

Words: 10253 - Pages: 42

Premium Essay

Assistance

...| | | Introduction The purpose of this memo is to assess the organization structure and management control process of Boulder public schools. This memo will try to find the balance between centralization and decentralization in Boulder public schools’ management control system. Particularly, The issue of enrollment estimation and budget spending. Organization Structure and Management Control Process The Boulder public schools have a functional structure, in which teachers and managers, who with education specialty, are grouped according to educate students. There are four phases of management control process: Programming, budgeting, measuring and Reporting and evaluating. In Programming phase, Boulder public schools are follow a tripartite objective: quality education, equal access, and accountability. At time same time, they want to reduce operational inefficiencies. Based on these strategies, the superintendent provided detailed plan in a document of about 100 pages long, and the other two supplement files. In budgeting phase, principals and headmasters need strictly follow instructions from superintendent’s documents. The budget packets including almost every perspective of school operation: School profile, requesting formulation of goals and program directions etc. The budgeting phase don’t provide much flexibility to principals and headmasters. The budget is simply a maintenance budget, combine old expending with a few new initiatives and a few cut. In...

Words: 582 - Pages: 3

Premium Essay

The Importance Of Engineering Management

...ABSTRACT The research precis is based on Engineering Management of the organizational of which it includes organizational structure, operational management ethics management, leadership, teaming and management system thinking. As an engineering manager, leadership is one of the skill that you must possess so that you can be influential to your employees rather than dictating, as a manager you must be able to lead by example. Employees wants to led by manager than are influential rather than dictation approach. As a manager, you must develop an operational management strategy so that you can align your vision with that of an organisation. As a manager, you abide by ethics management so that you know what is right or wrong within the organization....

Words: 1716 - Pages: 7

Premium Essay

Transformational and Transactional Leaders in Higher Educationpdf

...Transformational And Transactional Leaders In Higher Education Lloyd Moman Basham Texas A&M University-Commerce Abstract This paper discusses the following issues: (1) the climate, environment, challenges, and issues in higher education; (2) an overview of leadership and its application to education; (3) transformational leadership as the current focus on concepts relating to organization leadership; (4) transactional leadership as being management by exception; and (5) a comparison of transactional and transformational leadership. Climate, Environment, Challenges, and Issues in Higher Education The growing consensus among educators and policy-makers is that the current process of education must change dramatically. A different approach is needed to prepare today’s leaders to meet tomorrow’s challenges. The new structure should enhance preparation, allowing for innovation and futuristic thinking in a collaborative setting (Rodriguez, 1999). Americans, at all levels, have had great faith in the power of education to improve their quality of life. Education has been viewed as an escape route from poverty, an antidote to intolerance born of ignorance, a primary source of national prosperity, and the foundation of democracy (Swail, 2003). Scientific and technological advances have intensified in the past two decades and for the first time in human history created a truly global community. Modern telecommunications have linked all the corners of the planet as never before. Like the...

Words: 5371 - Pages: 22

Free Essay

Competencies in Health Care Sector

...ASSIGNMENT ON: TRAINING AND EDUCATION IN HEALTHCARE SIHS MBA-HHM 1st YEAR 24-Aug-12 HUMAN RESOURCE MANAGEMENT THAKUR HARSH DEVENDRA PRN-12040141044 Table of Contents IMPORTANCE OF EDUCATION IN HEALTHCARE INDUSTRY 2 IMPORTANCE OF MEASURING COMPETENCE 4 THE PROCESS OF EVALUATING TRAINING EFFECTIVENESS 6 REFERENCES 10 IMPORTANCE OF EDUCATION IN HEALTHCARE INDUSTRY Education is very important to both your personal and professional life, in a number of significant ways! Depending on the level of success you’re seeking to achieve, the level of education may be relative, but the bottom line is, an education of some sort is often paramount to future success. Completing increasingly advanced levels of education shows that you have a drive and commitment to learn and apply information, ideas, theories, and formulas to achieve a variety of tasks and goals. Subject Matters: Probably the most obvious reason education is important is to acquire the subject matter and basic knowledge needed to get by in everyday life. For example: * English and language skills: English and language skills will help you to communicate your ideas more clearly. Communication skills are essential in any role – whether you’re dealing with co-workers, patients, customers, or supervisors, you will need to effectively convey your plans, ideas, goals, and such. * Math and science skills: Although calculators and computers are readily accessible, you still need to learn how to do basic computations and calculations...

Words: 3224 - Pages: 13

Premium Essay

Distance Learning

...promote transfer of key concepts and lessons learned to other distance learning programs. Key areas discussed are strategic vision, strategies for “how to- get-there,” customer focus, market analysis, and findings of companies. Introduction What strategic management needs to be employed and what has to be considered by a company to enhance the skills of employee through distance learning? The strategic management approach for this paper includes the strategies for attaining the organization vision through formulating what is referred to as strategic vision. These concepts are discussed in general and for an efficient aerospace engineer distance learning program. The distance learning program chosen is KLASS (Knowledge and Learning in Advanced Supply Systems) which supports the learning of individuals and organizations in the automotive and aerospace industries. The distance learning and its market opportunities are addressed, as this is one of the major reasons for having distance learning program. When strategically planning a distance learning program one may anticipate economic aspects as primary consideration. Strategic Vision and How to Get There: In General The following questions are regarded as the primary direction setting queries for administrators, senior organization leaders, managers, and stakeholders. * What is the business of...

Words: 3755 - Pages: 16

Free Essay

Mission Statement

...life choice at a later age, such as changing to a new career field, can be wrought with anguish and confusion as well as excitement and anticipation. Knowing that this decision may change the routine, future, and even financial status of the individual and family members, either temporarily or for a lifetime can be daunting. Once that decision is made, and by putting into perspective the reason for selecting the career choice with the use of a mission statement, one can put the ideas in an order that can be understood and provide a direction for that goal. The purpose of a mission statement is to provide one with a purpose, by declaring desired values, in order to meet a need (Radtke, 1998). Addressing these areas not only addresses the purpose, but also can provide inspiration, commitment, innovation and courage to the author (Radtke, 1998). Following is the author’s mission statement and the explanation of that statement. Mission Statement will show dedication to the continual growth in new knowledge and adapting of acquired knowledge as it relates to the healthcare industry and information technology. Primarily, providing patient advocacy and the education and care of the patient in a changing healthcare environment through one’s competency, leadership skills, management skills, and diversity. Explanation Purpose The purpose, as it relates to this mission statement, is the dedication to continual growth in new knowledge and the adapting of acquired knowledge as...

Words: 824 - Pages: 4

Premium Essay

A Term Paper by Niharika

...had an active R&D group that was continuously working to develop new plastic materials and new product designs. Delta was a recognized industry leader and was aggressively looking to increase brand recognition and market share.Delta’s R&D group had recently developed a new plastic material that tolerates rapid changes in temperature, from heating to deep cooling. This material could be used to make containers for kitchen use that could immediately be moved from the oven to the refrigerator. Unlike glass containers with this capability,the plastic containers would not break or chip. Delta’s marketing group was eager to promote sales of containers made with the new material. Marketing believed the new material could revolutionize the industry, so they pushed for rapid production. They argued that the sooner the new products were available to customers, the sooner the company could corner the market. The Decision The decision whether to initiate production or continue with material testing was made during a heated meeting on April 28. Isabelle Harrison, Director of R&D, stated that more product testing was needed in order to fine-tune the characteristics of the new material. Although there was no question regarding product safety, they wanted to refine the material to make sure that no unexpected defects occurred during production. Jose De Costa, Director of Manufacturing, supported their position stating that the new material may be susceptible to cracking. However, George Chadwick...

Words: 2654 - Pages: 11

Premium Essay

Leadership Essay

...in which other staff members feel actively involved in the process. Systematic change is dependent on quality leadership. Leading change is the hardest expertise to achieve. Without quality management, systematic change will flop and the school will feel unmanageable without guidance. It is vital leaders wishing to implement systematic change have a clear vision, direction and a process for this change to take place. Without having a vision, change is likely not going to happen. Change involves stakeholders, their visions, and the leader’s visionary skills for change to occur. Change lead by efficient leaders is inevitable and important for progress in schools and without change unproductivity occurs. Stakeholders need to be involved in the decision-making about change because it creates a trusting and supportive environment conducive to change (Gurr, Drysdale, & Mulford, 2006). Module 7 lecture (2012) states there are steps to follow for applying change so it is successful. First, you need to diagnose the need for change. Why is change necessary. Next, collect data. Then communicate to staff and stakeholders the possibility of problems associated with change. Listen to all viewpoints. Examine the data for understanding the consequences of change. Synthesize the data to form direction and develop goals. Apply the change process in clear, measureable objectives. Lastly,...

Words: 1596 - Pages: 7

Premium Essay

Strategic Management Process

...Introduction The term 'Strategic Management Process' refers to the steps by which management converts a firm's mission, objectives and goals into a workable strategy. In a dynamic environment each firm needs to tailor its strategic management process in ways that best suit its own capabilities and situational requirements. Viewed broadly, the strategic management process has two parts: an information process and a decision process. The information process involves collecting and analysing information about the external and internal environments. External factors are taken into account to find major opportunities and threats that now or will confront the organisation. To survive and grow, every organisation, invariably, must find how the situational factors have affected its past and current performance. This must be followed by an internal analysis to determine the organisation's strategic direction. Strategists carry out internal analysis to have a 'feel' of where their organisation has been and where it now is, particularly with regard to internal strengths and weaknesses. Information about the organisation's strengths and weaknesses, when combined with information about external opportunities and threats, offers a stronger foundation for informed decisions about strategic direction. The decision process covers four important steps: development of alternatives, choice, implementation and assessment. Based on the external and internal analysis, strategists first identify possible...

Words: 761 - Pages: 4

Free Essay

Grad School Entrance Paper

...My life’s direction and purpose has not always been clear, but more of a muddled path with multiple turns, bumps, and progress along the way. Pursuing higher education and continuously developing new skill sets have always been personal objectives for me. I have learned through my life lessons the basic value of self-improvement. An MBA would enhance my capability to independently assess multiple situations, develop a rational plan and execute the plan. Obtaining an MBA will present new opportunities for me to figure out where I want to work and study. My success in life will be enhanced when I complete an MBA and pursue a new professional career path. As an undergraduate student, I majored in biochemistry. I believed having a scientific background would give me the skill set to lead me wherever I wanted to go in life. However, by the time I entered my junior year I was in serious doubt regarding my degree decision and my passion for biochemistry. After discussing my options with my parents, we came to an agreement that I would finish my degree because it would give me a solid foundation with a technical education. The biochemistry curriculum exposes participants to high levels of proficiency in math, logic, and problem solving. Additionally, the curriculum promotes the development to work independently and think creatively about potential solutions. I finished my degree but continued to feel very sceptical about pursuing higher education because I wanted to make sure I chose...

Words: 861 - Pages: 4

Premium Essay

Teacher Stress Management

...WHAT IS MANAGEMENT? Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz, “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals”. According to F.W. Taylor, “Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way”.Management is a purposive activity. It is something that directs group efforts towards the attainment of certain pre - determined goals. It is the process of working with and through others to effectively achieve the goals of the organization, by efficiently using limited resources in the changing world. Of course, these goals may vary from one enterprise to another. E.g.: For one enterprise it may be launching of new products by conducting market surveys and for other it may be profit maximization by minimizing cost. | Management involves creating an internal environment: - It is the management which puts into use the various factors of production. Therefore, it is the responsibility of management to create such conditions which are conducive to maximum efforts so that people are able to perform...

Words: 8308 - Pages: 34

Free Essay

Swear as Mechanism to Pain

...Chapter 2 OPERATING SYSTEM CONCEPTS SYS-ED/ Computer Education Techniques, Inc. Solaris System Administration: Introduction Operating System Concepts Objectives You will learn: • Operating system components. • Solaris usage of processes. • File management and file systems. • Use of the Solaris Management Console. SYS-ED/COMPUTER EDUCATION TECHNIQUES, INC. (Solaris – System Admin: Intro - 6.5) Ch 2: Page i Solaris System Administration: Introduction 1 Operating System Concepts Operating System: Definition An operating system is the set of programs that controls a computer. The core of the operating system is the kernel. The kernel is a control program that functions in privileged state that allows all hardware instructions to be executed. It reacts to interrupts from external devices and to service requests and traps from processes. The kernel creates and terminates processes and responds to requests for service. Operating systems are resource managers. The main resource is computer hardware in the form of processors, storage, input/output devices, communication devices, and data. Operating system functions include: • Implementing the user interface. • Sharing hardware among users. • Allowing users to share data among themselves. • Preventing users from interfering with one another. • Scheduling resources among users. • Facilitating input/output. • Recovering from errors...

Words: 2421 - Pages: 10

Premium Essay

Bus599 Assignment 1

...Strategic Management Strayer University October 20, 2013 Table of Contents Introduction 3 Mission Statement 3 Vision Statement 4 Key Objectives 5 Conclusion 5 Reference 6 Introduction The business world today is a complex network of companies who have similar goals and objectives in mind, primarily to make money for its owners and shareholders. In order to accomplish this, management is required to use various tools at their disposal, such as a mission statement, a vision statement, and strategies that provide the organization with direction as well as purpose. The aim of this paper is to discuss each of these tools and explain how a company can utilize them to establish a foothold in their perspective markets. For this exercise, the company that will be used will be the fictional company, Ross Technologies, which provides IT services to other businesses. This paper will present a mission statement, a vision statement, and key objectives for the company to follow to help ensure success. Ross Technologies is a company that offers high level IT services and provides its customers with services ranging from network implementation to developing and executing technical strategies to help them along in their prospective markets. It has been in operations for more than ten years and has a unique organizational culture. The company is traded on the New York Stock Exchange and employees 500 people. Ross Technologies has eight main locations in New York, NY...

Words: 981 - Pages: 4

Premium Essay

Strategy to Change Culture

...Contents Page College Vision, Mission and Values 3 Existing Cultures 4 Overarching College Priorities 4 Bringing about culture change 5 The 5 step journey 6 Roles & Responsibilities 8 Communication & embedding the values 9 Benchmarking 9 Training & Development needs 9 Significant barriers and overcoming them 10 Priorities 11 College Vision, Mission and Values The Strategic Vision For The Merged College Is: “An inspirational organisation that delivers excellence” Mission Statement: “To provide high-quality education and training that is inclusive, and which matches and supports the needs of our diverse learners and the local and regional economy” Corporate Values: ▪ Place learners at the heart of everything we do ▪ Promote a progressive, inspirational and dynamic approach to teaching and learning which responds to learners ▪ Create an environment and ethos which encourages learning and skills development ▪ Promote and provide opportunities for successful participation in education for people from all backgrounds and abilities ▪ Strive for excellence in all aspects of college business ▪ Encourage staff to embrace challenging professional standards and raise achievement ▪ Promote the principles of sustainability in use of resources and energy ▪ Respect the rights and responsibilities...

Words: 2615 - Pages: 11