An Empirical Study on Determinants Affecting the Quality of Management Education
Keywords:
Quality, management education, contemporary, stakeholders, outcomesAbstract
Several developments and changes are happening in our society. Digitalization has thrown so many challenges to our environment, forcing the changes in leadership and management practices. Therefore, management education needs to be updated and developed in order to remain competitive and to ensure good learning outcomes. Management education in India does not match with the global quality standards. The total number of B schools in all categories- University affiliated, Statutory, Autonomous and private may be more in number, but only few of them are providing higher quality management education. Various challenges faced by management institutes are dearth of quality faculty, infrastructure, funding, R& D, quality of students, global competition, admission process etc. The interests of various stakeholders like students, faculty, parents and society at large cannot be ignored. The different determinants of quality of B schools are academic environment; intellectual capital; physical infrastructure; industry interface; placement; stakeholders perception and satisfaction; innovation and pedagogy. This research paper provides an insight regarding the determinants affecting the quality of management education. The need of the hour is to explore new avenues so that the business schools can easily face paradigm shifts.
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