Introduction

In this competitive world survival becoming a difficult task. The new generation students are undergoing through a period of uncertainty.Technolgy innovation is dominating the world. The whole sphere of life is becoming professional [1]whatever we do in our professional life; the chances are that it will involve some ‘businesses. Impact of business education on the present condition and the future development of society and the nation. So it is very clear that without equipping themselves the coming student community will not be able to sustain in the world. In other words, the combination of specialist qualification and business knowledge will become vital. But it is not just ‘knowledge’ of business. All the jobs required skilled manpower which meant that the requirement for managers was also more so as to handle more employees. Management is a science or an art? The debate a still rage on which is evident from the entrepreneurial trends in India. This created a need for institutes imparting quality education in India which included the management education also.

Management education in India.

Management education is in great demand especially after the change towards liberalization, privatization and globalization. Today there are over 1200 management institutions in India. Keeping our global growing aspiration in view countries strength is basically the Intellect manpower. Today’s management gurus, the people who are forecasting the way we will do business at the beginning of the 21st century, are saying that the companies of the future will consist of groups of specialists who work together on a specific project and then disband. In the field of management education, India has around 1200 institutions providing undergraduate and post-graduate level courses. Since the management graduates and post-graduates produced by these institutions are primarily absorbed by industry, there is a growing need to match the curriculum and structure of management education to better fit the needs of India and to the changes in the industrial and services sectors within the country.

Current Scenario

As in 2006-07, there were over 1100 business schools in the country. Of these, 5 were private aided institutions, 903 were private unaided and 149 were government institutions. In the last decade, the country has witnessed a phenomenal growth in enrolment in management education. The current intake stands at roughly 92,000, with the majority of the students enrolled in private management colleges. The distribution of management institutions shows a regional imbalance, with 86 per cent of the colleges concentrated in north and south India.

1: Growth of Business School in India (1950-2010)

Period	Number of B-Schools Added	Average annual addition
1950-1980 (30 Years)	118	4
1980-1995 (15 Years)	304	20
1995-2000 (5 Years)	332	64
2000-2010 (10 Years)	1017	169

Source: MHRD

Nothing much seems to have changed. Student engagement in curricular activities comes only second, after hunting for ‘package-jobs’. The grip of those rooting for the status quo, among the faculty, continues to thwart any fundamental redesign of the MBA. A ‘you scratch my back, I will scratch yours’ attitude is a consequence of vindication and dominates the old as well as the revamped curricula. Do whatever, as long as one’s own course or pedagogy can be kept as it is. Another concern is about ‘peer learning’ and ‘outside-the-class learning’ being perceived by students as more significant than classroom learning. Worse, the curriculum changes being introduced seem to support this view: ‘Exchange programs’, ‘immersion’ trips to foreign shores and outbound programs outsourced to others.

While, in India, management institutions have been mushrooming in a fast pace, however, quality imparted by these institutes has become the focus of investigation/critique in academia-industry parlance.

 

Skills required for Students

• Management is a challenging job. It requires certain skills to accomplish such a challenge. Thus, essential skills which every manager needs for doing a better management are called as Managerial Skills. According to Professor Daniel Katz, there are three managerial skills, viz., 
• Conceptual Skills
•   Human Relations Skills, and
•  Technical Skills.

According to Prof. Daniel Katz, all managers require above three managerial skills. However, the degree (amount) of these skills required varies (changes) from levels of management and from an organization to organization.

What will a business education give the students?

Management education offers all necessary tools to equip one with the necessary techniques of successfully handling various business and management related issues. Besides providing the basic management capabilities, it also provides:-

• The ability to use the contingency approach for solving business problems.
•  Combining the best parts of several solutions into a unique and better solution
•   Having a global perspective.
•   Working with and learning from others

Factors to be considered for selecting M.B.A College by the students

• The credibility of the institute
• The placement  record of the college
• The infrastructure

Nehru Group of institutions

Nehru College of educational and Charitable Trust was established by back in 1968 by the founder Chairman late P.K.Das, an eminent Charted Engineer, a renowned Academician, a great industrialist and a well known Philanthropist. The objective was imparting world class value added practical education to the students. The trust is presently running 19 ISO 14001:2004& ISO 9001: 2015 Certified Educational Institutions.

At present the group is headed by Chairman and Managing trustee Adv.Dr.P.K Krishnadas and C.E.O & Secretary Dr. P.K Krishnakumar.Their visionary approach makes Nehru Group of Institutions as number one in academic delivery and infrastructure.

Advantages of doing M.B.A in Nehru Group of Institutions.

• Highly industry experienced faculties
•  Under Apj Abdul kalam Kerala Technical university-Industry oriented syllabus
• Earn while learn options
• 1oo % placement assistance
• Yoga and meditation
• Guest lecturers by industry people
• Personality development classes
• Semester system
• HR,Finance,Marketing and systems Specialisations- Duel specialisation facility
• Add on courses like Digital marketing, Airport management, Hospital management. Entrepreneurship management.

The students will be getting more value for their money.

            The new generation degree students need to be understood the importance of management education to up skill their talents by having exposure to the practical learning methods which can be possible only through management education. They have to be diligent in selecting the institution.

The End

Author: Prof.(Dr.)Vijayakumar K, IIM K Alumni,HOD of Jawaharlal Business School@JCET.

 About the author: Alumni of Indian Institute of Management Kozhikode who is having 29 years industrial experience in Hindustan unilever Ltd. And 16 years academic experience.

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[1] https://apps.aima.in/ejournal_new/articlespdf/renu_rana_article.pdf