Implications of Changing Paradigms on Management Education

Abstract

The world market has globalised and companies have extended their operations into more and more locations. This has led to an increase in the demand for young and well-educated leaders. Management education aims at developing leadership qualities thus creating a relationship between all stakeholders and connecting the industry with academia. The success of these institutions lies on their culture and the faculty. But of late management education seems to have lost its glory due to its inability in preparing skilled and ethical leaders. Also a wide gap is evidenced in the educational and research missions leaving the institutions more vulnerable to focused criticism, attack and competition. The traditional university system and private B-schools have certain routine and innovative faculty roles. This research paper is an attempt to compare the benefits and drawbacks of innovative and creative practices adopted by the management of B-schools and University teaching systems for high performance expectations from the faculty. The B-schools of today have adopted the corporate culture and fixed targets for faculty with respect to teaching, training, research and consultancy affecting the entire academic scene. This has transformed the role of a teacher in numerous ways and is looked at as a complete rebirth of teaching profession. An attempt is also made on attitudinal study of faculty for their acceptance of this innovative approach from management since the social and economic values attached to this transformation may influence the entry and exit of talent in the academic world.