Business Education in Changing Scenario

Abstract

Very rarely one can find a business education faculty up to the mark. The statement does not imply non-availability of good faculties; but the available resources are very less to their commensurate requirement. Since the ‘Business Education’ has been transformed in a “dream-selling profitable business”, the proprietors of such business organizations are always effortful to maximize their profit. They avoid appointing full-time faculties. Barring a few, BEIs are not adopting any mechanism to evaluate the performances. Dynamic courses offering institutions are very few. Most of the business education institutions offer traditional courses i.e. marketing management, financial management, corporate accounting, etc. In many cases, BEIs themselves are very much reluctant in making efforts for good liaison with industries and business world in the wake of practical exposure. Placement is a crucial component of management education. The Universities do not give any consideration to placements. The AICTE recognized institutes, barring a few, toe the university line. Most of the AICTE recognized institutes are not able to offer jobs to all their students. Looking to the prevailing poor condition of the business education system, an altogether new business education system is required to be evolved. This paper is an effort in such evolution.