Challenges and Opportunities of Management Education: A Case Analysis in India

Management education has entered a period of thoughtful transition driven by globalisation, technology, demographics and pressing social imperatives. Since management education is an investment in the future of business, it is important to understand the challenges, opportunities, potential risks and rewards associated with this transition. Future access to management education by young people will determine whether developing nations will thrive or languish in the emerging knowledge-based, market-driven global economy. In the light of recent developments in management education, it may be concluded that the future not only holds exciting opportunities, but also poses serious challenges for business schools. Integration and job growth in market economies will increase the demand for management education. Previous experience has shown that skilled, better educated workers have the most to gain from globalisation. Indirectly, one may believe that employment volatility due to market dynamics in open economies will drive demand for continuing management education.