Uday Salunkhe - Strategies for being a global MBA Player

Global Competitiveness is the tool for success in all spheres, even education, and especially management education. This research paper takes the positive favorable factors aiding the process of making our management educational institutions globally competitive. The route taken is the trend towards Indians making their mark as global citizens, on every field globally.  By identifying specific cases through primary research the paper unfolds the possibility that we can become a global MBA player and that there is scope for Indian management schools to become globally competitive.

The mantra today is globalization be it industry, economics, trade or education. The world over energies is being synergized to become   successful global player in every field. The environment and the challenges in the growing MBA education field with its tremendous growth opportunities are exceptional and unique.

There has been a tremendous growth of management institutes in our society. Every year about 20,000 students pass out of management schools, the demand is very high.

India has over 250 universities, deemed universities, institutes of national importance and over 11000 colleges. This itself makes India’s education system one of the worlds largest. The number of colleges for professional education has gone up from a mere 208 in 1951 to over 2300 in 2001.

                                                                                                                                           

The core areas relevant to this discussion are

1. India’s demand in the foreign markets

2. Current educational scenario

3. Challenges faced by Indian B schools

4. Best practices the world over

As we can judge, the times are exciting as well as turbulent. To be in the education sector as an MBA player, is a path strewn with thorns, with blooming orchards laden with fruit, noticed in the distance. MBA institutes will need strategic leadership and leaders who need to be more than mere academicians.

They need to be leaders of action and global vision to leverage the core competencies of the Indian management ethos and merge it with international flavor.

This article is authored by eminent educationist and visionary  Professor Dr. Uday Salunkhe, Director, Welingkar Institute of Management and Research (WE School), one of the leading B-Schools in India, with campuses in Mumbai & Bangalore


For more information visit us Uday Salunkhe and Dr. Uday Salunkhe, Director - Welingkar Institute of Management

Uday Salunkhe - Dynamic Role of Management in Global Economy

 

We are living in a world of sweeping changes and swift movements. In every developing civilization a period comes when old instincts and habits prove inadequate to altered stimuli, and ancient institutions and moralities crack like hampering shells under the obstinate growth of life. The type of change which has been witnessed in the realm of business during the past two centuries since the dawn of the Industrial Revolution era in the West is of such a fundamental character that it has materially altered the entire fabric of man’s way of life. While the Industrial Revolution, thus, has had its decisive impact on the environment, the latter too has reacted in turn by having its own influence felt on business. Recent times have witnessed a significant intensification of this two-way process. From the point of view of business, it can be safely stated that the most serious problem that business everywhere faces today concerns the challenge of this rapidly changing environment. An attempt is made in this paper to critically examine the dynamic role of management in. While business is the engine of growth for any country, Management is the key driver for economic growth .The concept of global economy has now become a reality. The Indian economy is passing through the critical phases of globalization and liberalization. We are facing tremendous competition from MNCs.

Many of the Indian companies have accepted the challenges and started adapting themselves to the change. Hence, it becomes necessary for them to bring the required changes in the functioning of their organizations. At the same time, the role of the management has been changing with the time and level of organizational growth and expansions.

Business growth and business expansion in different parts of the world will increasingly not be based on mergers and acquisitions or even on starting new, wholly owned businesses there. They will increasingly have to be based on alliances, partnerships, joint ventures and all kinds of relations with organizations located in other political jurisdictions.

This is an extract of a detailed insight into the ‘Dynamic role of management on global economy’ authored by eminent educationist and visionary Professor Dr. Uday Salunkhe, Director, Welingkar Institute of Management and Research (WE School), one of the leading B-Schools in India, with campuses in Mumbai & Bangalore. Professor Dr. P.S. Rao collaborates with Dr. Uday Salunkhe on this analysis.


For more information visit us Uday Salunkhe and Dr. Uday Salunkhe, Director - Welingkar Institute of Management