“Management Education-Key to Holistic Development of Society”

Today there is urgent need for positive social change and we need to create a better world. Management education has a vital role to play in today's business environment. Holistic education is the practice of freedom for creativity and productivity. What worked in the past will not work in the future. Hence it is very essential to upgrade, customize or create new courses as per the aspirations of students and expectation of industry. It can happen only by considering various variables like role of academia, governing agencies, role of industry, theory and practice of management, curriculum and pedagogy, governance, leadership, policy makers, ethics etc. It is very essential for survival and growth of educational institutions. Hence, education institution has to go for industry tie up for the live projects, real life case study, real life student business cases and other research related activities. This paper helps in understanding role of management education in uplifting youth to become knowledge based society. As an individual always we blame regulatory body. Instead change should take place every where right from government, industry, educators, students, educational institutions.