Innovation - Key to management success

The field of management education and research has become an industry of its own – an industry with fierce international competition in a global arena. Here, the author retract that a series of contrivance has led to mimicking and thus strategic convergence among business schools. The authors further argue that this has resulted in a loss of contingency and diversity of the management knowledge produced and taught in a multipolar world. They view this as counterproductive to business schools, students, firms, societies, and other stakeholders, including scholars themselves. It is our comprehension that if business schools measure their quality of education based on the ten dimensions: Top management philosophy, external environment, actors, and resources constitute the inputs in the business school. Processes teaching-learning process, faculty development, and partnerships and Output student results, brand equity, and faculty, recruiters, and society results. Incorporating the role of students, faculty, and recruiters, this measure will bring out all the parameters in which the business schools lack in quality, it will enable top management to identify problem areas and address them accordingly to enhance the quality of management education. This practice encourages the active participation of employees pooling up ideas within the organization will enable us to emerge as a major educational hub for management education.