Addressing the Precedence of Challenges in Management Education in Indian Context, Part I

Abstract

Purpose: Following the extensive competition in management education sector, various committees and studies have penned down the emerging concerns over their quality and sustainability in India. There are various challenges that these institutions are facing at present in order to maintain their status. In light of the prevailing situation, the present study attempts to explore and address those challenges while prioritizing their strength of influence on the Institutions sustainability. The study concludes the precedence of the challenges in which the decision makers should concentrate for efficient and effective resolutions to overcome them.

Methodology: The present study used extensive literature reviews to prepare a preliminary set of 21 challenges faced by management education which were relevant in Indian context. These were used to form a structured questionnaire to get the views of the passed out students of the Universities. A mean ranking was performed on the identified challenges which was further verified by a different individual mathematical ranking method – RIDIT analysis. Both the rankings were compared for establishing the priority of the challenges for the Universities in conclusion.  

Findings: The paper concludes that the major challenge of the management Institutions in India are non-clarity in the students for management programmes followed by poor organizational structure and practices and inefficient innovation motivation. Other challenges do also have significant influence on the poor performances of the Institutions in India but these form the top list. The study proposes the decision makers to follow the influential strengths of the challenges for a better solution to improve Institutional performance. 

Practical Implications: The study suggests a roadmap to determine which challenges are perceived on higher or lower level by the management graduates’ which can be immediately worked upon. Second, the study put forward a direction for the university managers/decision makers to formulate an effective strategy to gain competitive advantage over others.