Why Management Education Required for Future?

09-Jun-2012 | News-Press Release

India has a one-of-a-kind combination of location, culture, and demographics. India has the opportunity and motivation to leverage the lessons learned by the Western world's business schools, and create a management education system that will spur economic growth—and become the ultimate state-of-the-art laboratory for global business education innovation.  Management education will give India enquiring, passionate, and ambitious business community that can change the whole course.
Increasing complexity and interdependence require new approaches. Companies need integrative management tools that help embed environmental, social, and governance concerns into their strategic thinking and daily operations. B school help shape the attitudes and behavior of business leaders through business education, research, management development programs, training, and other pervasive, but less tangible, activities, such as the spread and advocacy of new values and ideas.
B schools have the potential to generate a wave of positive change, thereby helping to ensure a world where both enterprises and societies can flourish.  As Management institutions of higher learning involved in the education of current and future managers we are voluntarily committed to engaging in a continuous process of improvement of the Principles and their application.
The role of the platform will be to advocate responsible management education and coordinate efforts to further develop Principles by the agents that can generate change: management related academic institutions and their associations.
Business schools around the world are rethinking leadership and how to train the next generation of managers in the midst of unprecedented challenges.  In order to make management education more realistic and useful for the industry, certain key areas need to be identified. These could be:-

a) Benchmarking quality management education to create an enduring quality managers and entrepreneurs.

(b) Bring in professionalism in management education.

(c) Adequacy of qualified and competent faculty members, proper infrastructure, support facilities and regular updating of curriculum.

Management education will provide these managers right tools and means to handle such change. All these factors make management education very important for not only the pre-existing managers but also the new generation of India in future.Vanguard business school begins by identifying important global economic and business trends, as well as recent developments in management education that can help shape the future of management education. Vanguard is founded by IIM & XLRI alumni with the objective of creating industry-ready achievers for Corporate India. The programs at Vanguard are designed keeping in mind the right mix of practical Business Knowledge, Industry Skills, and the Attitude of an achiever.

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