Globalization and Its Impact on Business Education in Emerging Economies: A Case of India

2019 ◽  
Vol 6 (2) ◽  
pp. 278-291 ◽  
Author(s):  
Shweta Malhotra Bhatia ◽  
Sigamani Panneer

The article reviews the impact of globalization on the quality of contemporary business education in India. When the Indian government liberalized the business education market in the 1990s, it was assumed that creation of business schools would automatically lead to employment-ready individuals, especially in managerial roles. On the contrary, certain trends suggest that business schools have been producing suboptimally skilled individuals for the industry, leading to an incessantly widening skill–employability gap. The article discusses the plausible reasons for this gap. The article also argues for integrating emotional intelligence (EI) as a key behavioural skill in management education framework.

2017 ◽  
pp. 139-148
Author(s):  
Jasmine Gupta

Management Education in India has come of age. The focus of management education is to serve twin purposes, one, to provide a functional and vocational orientation to the management students by preparing them mentally and technically for their careers. The second aim is to provide a general management education based on humanities, social sciences and ethics. However, since the last decade the forces of globalization, deregulation, open competition, privatization and technological change that have made a profound impact on society and business should also affect the context in which business education takes place in the next decade. Furthermore, global businesses call for management talents with global decision-making and executive capability. The pertinent question in such a scenario is whether our management institutions are really grooming the type of managers required by the corporate or not. Thus it is very important to understand the expectations of corporate from business schools because these schools are almost like laboratories incubating the future managers who would lead our future organizations. Thus B-schools would need to introspect and re-examine the roles they are performing at present, and reorient their focus for a large perspective. The objective of the paper 'Reorienting Management Education to meet Corporate Expectations' is to highlight the current situation of management education in India and focus on the point that business schools should reorient their management education approach to enhance the competencies of their managers to meet corporate expectations.


2021 ◽  
pp. 001946462110203
Author(s):  
Lourens van Haaften

The start of management education in India in the early 1960s has been dominantly described from the perspective of ‘Americanisation’, characterised by isomorphism and mimicry. Existing scholarship has avoided the question of how management education and knowledge were reconciled and naturalised with India’s specific socio-economic contexts. This article addresses the issue and provides a situated account of this complex history by delving into the establishment of the Indian Institute of Management Ahmedabad, one of India’s first and most prominent management schools. Using the concept of sociotechnical imaginary developed by Jasanoff and Kim, the analysis describes how the development of management education and research was aligned with the objective of nation building. The article shows that the project to start management education did not take off before the capitalist connotations, associated with business education, were subtly removed and a narrative was created that put management education in the context of India’s wider development trajectory. Under influence of a changing political atmosphere in the late 1960s, a particular imaginary on the role of management knowledge and education unfolded in the development of the institute, giving the field in India a distinct character in the early 1970s.


2016 ◽  
pp. 1670-1686
Author(s):  
Mohammad Ayub Khan

In this chapter, the perception of the quality of business education of different stakeholders in business education is discussed using some real-life stories and opinions. In general, students, professors, business education administrators, and employers look happy with the current business education programs and services provided by business schools. However, these stakeholders would like to do more on developing analytical, quantitative, and operational skills in students because these are the skills they will need immediately after graduation and in the labor market. The chapter suggests that it is useful and advisable for the academic institutions to have an effective information intelligence system in place in order to collect strategic academic information from different stakeholders in education. Such information can and will be used in designing academic programs and services to serve the emerging demands and interests of those stakeholders.


2019 ◽  
Vol 36 (1) ◽  
pp. 38-63 ◽  
Author(s):  
Sherif Kamel

Purpose Business schools are becoming invaluable platforms linking academia, business and industry. The constantly changing nature of markets requires a continuous and iterative dialog between business schools and other constituents including the government, the private sector and the civil society to guarantee that business and management education is catering for local and global market needs. The purpose of this paper is to address the growing role of business schools in transforming the society, building on the experience of the school of business of the American University in Cairo, and its impact in preparing the business leaders and entrepreneurs who can make a difference in society through rigorous and adaptive business and management education while addressing the elements of governance, accreditation, internationalization, and relevance, creativity and innovation in research. Design/methodology/approach In this study, desk research is coupled with sharing of the development of the accreditation journey of American University in Cairo (AUC) School of Business and the lessons learned over the last 15 years. Findings While undergoing multiple accreditations, the school should effectively and efficiently manage the timeline, otherwise the maintenance of all accreditations could end up in one year, and that could be really challenging, a situation faced by the school during the academic year 2016–2017. While having a task force or a committee is mandatory, for the long-term development and sustainability of a continuous improvement culture, an office for academic assessment and accreditation is a must. For the school, the office helps create and embed the culture that accreditation is a journey and not a destination. Accreditation as a process should involve all school stakeholders on and off campus including faculty, staff, students, alumni, advisory boards, employers and the university administration; they should all be engaged and their buy-in through creating a sense of ownership and empowerment is invaluable. Throughout the accreditation journey, nothing is more important than communication, a school can never have enough of it. While the accreditation process needs a strong, transparent, effective leadership style, a bottom-up approach aligning and motivating the school’s different constituents is essential. For accreditation and continuous improvement to be sustainable, it should be driven and guided by a unified school-wide strategy addressing and catering to its different objectives. Accreditation is all about an invaluable triangle of building blocks, including an informed human capital, a respected and well-thought process and a timely, accurate and efficient wealth of data and knowledge about the school. Research limitations/implications The limitations are primarily the focus on the case of Egypt and AUC School of Business. Obviously, there is no one size that fits all, but there are lessons learned that could be replicated and tested in business schools located in similar environments. Practical implications The study presents the experience of the governance model at AUC School of Business with both internal council of the school of business and external board of advisors. Social implications The study presents the implications of the school on the society and the role, directions, guidelines that accreditation and continuous improvement introduce to the curriculum. Originality/value Historical background of business and management education at large in Egypt and Middle East North Africa is coupled with the overview of the school of business, sharing the challenges and opportunities of accreditation and continuous improvement.


1997 ◽  
Vol 1 (1) ◽  
pp. 43-47
Author(s):  
V.G. Sridharan

The paper has been organised initially to briefly examine the fluid characteristic of cost management discipline through its historical developments. It then proceeds to trace the existing status of cost management education, encompassing substantive issues on text contents, sequencing and teaching methods in Indian business schools. The Paper finally seeks to achieve its objective by recognising and integrating purpose-based application, manufacturing orientation and descriptive theory development.


2016 ◽  
Vol 35 (2) ◽  
pp. 170-189 ◽  
Author(s):  
Matthias P Huehn

Purpose – The purpose of this paper is to hypothesise that business theory and education suffer from having been systematically de-philosophised over the last 200 years. Viewed through this lens the economistic narrative can be understood and new and integrated solutions to theoretical and pedagogical problems can be debated. Design/methodology/approach – This paper is a theoretical exploration based on a literature review and philosophical analysis. Findings – Going back to a social science philosophy would fundamentally affect how management is conceptualised, done and taught. The paper focuses on outlining the impact a re-philosophisation would have on management education. Practical implications – If one agrees that philosophy plays a too small role in management, it would change how scholarship is currently defined and how management education functions. Business schools would have to fundamentally change in every respect. Originality/value – Current criticism of the management mainstream focuses on either the political/ethical or the epistemic level. The paper argues that the epistemic and the ethical are connected and by making an integrated argument the debate can be re-energised and solution strategies become obvious. I am not aware of any other contribution making this argument. Ghoshal (unwittingly) used the same reasoning but without using the clear frame of reference (philosophy) that this paper proposes.


2010 ◽  
Vol 8 (2) ◽  
pp. 370-387
Author(s):  
Marcela Mandiola Cotroneo ◽  
Paula Ascorra Costa

The aim of this paper is to understand the character and the role of higher education in business in relation to the wider institutional and structural contexts within which they function. Being loyal to that widespread background, business schools in Chile have become efficient providers of appropriate goods and services for their respective clients and consumers, behaving more like corporations and businesses rather than educational institutions. From this perspective, business education's alignment with the wider political and socio-economic shifts associated with the developments of market economies and economic globalization is a necessary reflection. In this paper we will provide an account of our problematization of management education practices in Chile. This practice was pictured as one of the main characters at the forefront of the Chilean neo-liberal revolution during the final years of the last century. In particular, we will unravel more closely the chain of signifiers articulating the meaning of Chilean higher business education. This articulation is recuperated mainly around how those involved in the management education practice talk about (our)themselves. As well as specialised press writings, some academic accounts and fragments from our own 'ethnographic' involvement are used for this purpose. Particular attention is paid to the social, political and fantasmatic logics (GLYNOS; HOWARTH, 2007) as key elements of our own explanation of this practice, which in turn informs our critical standpoint.


2016 ◽  
Vol 52 (1) ◽  
pp. 43-58
Author(s):  
Klimis Vogiatzoglou

Abstract This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s inward foreign direct investment (FDI) performance. We find that the free market institutional framework in most economies is still relatively inefficient, restrictive, and underdeveloped but has, nevertheless, substantially improved during the last twenty-year period. Our empirical results also indicate that a free market institutional system in a host-country is a factor that attracts inward FDI to emerging Asian economies by multinational companies. Consequently, policy makers should focus on further improving the quality of free market institutions.


Author(s):  
Mike Berrell ◽  
Jeff Wrathall

This study of transferring management and business knowledge in China tapped the views and opinions of 43 expert management educators who had participated in the transfer of management knowledge in China from the mid-1990s to the present time. It traces the development of management education in China following the implementation of the 1978 Open Door Policy, demonstrates the impact of China’s national culture on knowledge transfer, identifies success factors in the process, and exposes the noncomparability of culture-specific approaches to managing people and organizations. We argue that the management values, attitudes, and practices of Chinese managers are diverging from those in the West, which has significant implications for the curriculum and pedagogy employed in the delivery of management education. Understanding the basis for this divergence will benefit expat and local manager alike as they negotiate their managerial roles in cross-border organizations like international joint ventures (IJVs).


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