Is the management education system in India equipped to handle the new set of challenges? Are we producing leaders who can look beyond best practices and trigger change?
Some time back, Eric Schmidt, Executive Chairman of Google Inc., shot off a letter to the Washington Post with a warning, “the US has an Innovation Deficit”. Can India afford to ignore the warning? More specifically, can our management education system ignore it?
While it is not always easy to disentangle the causes and effects of globalisation, one thing has stood out over the last one decade as we move towards a world of more open and more interconnected economies: That we need more dynamic leaders, more responsible corporations and therefore an education system that is developed for the creation and use of knowledge, and for converting challenges into opportunities.
Indeed, the pressure to perform is relentless and all-pervasive. Is the management education system in India equipped to handle the new set of challenges? Are we producing leaders who can look beyond best practices and trigger change? It is easy to be ambitious but difficult to keep the momentum and act. Is there a will to identify competitive advantages through strategies that foster employee motivation and build capacity for organisational improvement?
The answer is yes and no. The biggest asset for India is its demography — a young workforce, which is fluent in English and raring to go. The spread of information technology has also opened up newer possibilities — and spurred innovation in many spheres. That is where the management schools of India can step in — create an education system that will spur economic growth, produce thought leaders who can stimulate the whole process of innovation.
With an eye to meet the new challenges, India’s top business schools are renewing their focus on curriculum design, faculty development, and the cultivation of strategic partnerships. It will not be an exaggeration to say business schools in India are at the threshold of unprecedented change in their bid to offer state-of-the-art learning and personality development facilities that are mission-appropriate and meaningful to the stakeholders. A new focus on ethics, stress on environmental sustainability and introduction of new off-campus learning initiatives are new things that B-schools have added to their MBA curricula this year.
These are just a few examples; the real change will come when India’s corporations become true partners in building the management education programs. Besides supplying ideas and knowledge, they can make valuable inputs in terms of financial investment and on-site experience for students, making them future ready and equipped to cope with real-world situations.


