REDEFINING MANAGEMENT EDUCATION IN INDIA: CHALLENGES & OPPORTUNITIES

Abstract

Management education in the 21st century is undergoing internationalization due to rising demand from students for globalized courses and employers' need for talent with international perspectives. As business schools strive to cater to a larger audience, they face the challenge of maintaining educational quality while ensuring their students are accepted by the industry. To remain competitive on a global scale, management education must adapt to and embrace global trends. However, this process comes with challenges such as the cost of education, pedagogy, and cross-cultural issues. Globalizing management education encompasses not only academic aspects but also socio-political, institutional, psycho-social, and cultural dimensions. This research paper explores the opportunities and challenges associated with globalized management education, focusing on curriculum development, accreditation, rankings, admission criteria, program length, emerging trends, and adaptation challenges. Additionally, the paper provides recommendations to enhance the quality of management education in India, taking into account recent statistics and developments.