Skill development: A drive for strategic business growth

Globalization, modernization and development in business era have intensified the need for skill development as it will help not only in conducting business activities but also in the most effective and efficient manner. Skill is the ability and capability acquired through deliberate, systematic and sustained effort to smoothly carryout complex activities. The present paper throws light on the importance of skill in business education. It attempts to discuss various skill development programs in business education. It also focuses on the present scenario including government initiatives taken for developing skill. The study found that despite of serious attempts by government, there exist certain unresolved challenges, which need immediate attention of both government and private players. Hence, various initiatives of government should focus on these obstacles and develop programs accordingly to achieve the objective of skill development in business education completely.