It is widely felt that India's economic growth is not in proportion or correlation with its potential. The causes for such a spectacle are clearly not evident. Prima facie it appears that the growing capital, labour etc alongwith other resourses such as human skills in the country are not well managed.If the national income growth has to be speeded up, the unmanaged (Agriculture), undermanaged and mismanaged (Administration & Public Service) sectors will have to be equipped with skilled, convenient and professionally trained managers. Unfortunately this has not happened so far and what has been evidenced until now is that these sectors, where growth matters e.g. agriculture, small and medium scale industries and the public sector, have failed to deliver the goods although they have the potential.
So here is the reason for the sudden boom in the growth and development of the management industry since the last five to ten years, which has resulted in the birth of numerous "B-Schools" across the country, with the sole objective of producing the finest of managers. Everybody dreams of producing the 'CRÈME DE LA CRÈME'. But before we can successfully embark upon the idea of increasing the number of business schools or institutions,the existing one should be geared up to meet the challenges in terms of quality.This will evidently require internally efficient and externally effective teaching,training,research and consultancy programmes to be offered by the management eduacation institutions in the country.The agenda which is being practised currently by more than one thousand institutions therefore,needs thorough restructuring and upgradation,keeping in mind the interests of the "SECTORS".
By:
Tufan Saha - PGDM 1
(Globsyn Business School - Ahmedabad)
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