What Ails Management Education?

Abstract

Based on a small survey, the author has identified issues and directions for management institutions so that they can prepare themselves for tomorrow. These issues are relevant to the business schools in preparing themselves for tomorrow. Based on findings, the author contends that industry connection, startup ecosystem, sustainable development, self management training, industry oriented research and investment in technology are crucial for survival and growth of business schools. The business schools of tomorrow should have infrastructure and support systems for StartUps. They should change their orientation by giving live projects to students to work upon. They should take up live data from industry and should prepare students for the real issues of the corporate world.