1. Is normal management aligned to the needs of the industry? No. If at all, it takes long time to adjust.
2. Is it aligned to the needs of students? PGP dont care much. But executives do. Are the management courses (one year full time) aligned to the needs ot executives? No. Not so far.
3. Whom does the course serve more? Students - only from job point of view. What does that mean? In a competitive environment, industries would approach the best intstitutions in any country based upon competitive advantage - cost vs. values. Thats how it serves students.
4. Does it serve industry? Neither industry in India nor the faculty is bothered really. Industry dont have either the success stories to create models for study or they dont share at all. So industry so far has not exerted the required demand or pressure.
5. Does is serve the academicians? Yes to a certain extent at least in institutes of premium level where research on models is the only way to survive. But do their research valuable for India? Good question! Then why dont we have ourr own models? Please ask the faculty of our good institutions including all IIMs. What has been the Indian faculty's contribution to management education so far?
6. Is faculty involved in some other activities? Consultancy? Does that dilute the attention?
7. Final question - has management education been reduced to mere science? Where is the practical learning? Where is the required slack to absorb? Why so much stress in management education?
There is hardly any justice to the way
1. Management education system is structured
2. Programs are created and organized
3. Knowledge tools are created
4. Knowledge is shared
A lot is deserved here to be done by multiple agencies - students, industry and faculty - all.
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