Management Institutes need to Change Learning Process to match changing requirements of Corporate
Management education in India is on the cross roads for learning process. It needs overhaul in terms of knowledge sharing, education delivery, syllabus according to needs of the industry.Technology adoption should be increased so overcome those challenges. Education technology has been helping many education entities to adopt technology to simplify and improve education processes.
According to latest reports , hardly 20 to 25% of the management graduates are employable after completion of their management education. Rest of the graduates struggle to get job opportunities or had to settle for lower level jobs or need to undergo substantial training to be eligible for hiring.
Following are some of the key areas to work on.
- Global Prospective
Today’s globalization demands dynamic approach for the organization to sustain in the competitive environment. Business Schools should take into consideration implications of globalization, cross cultural aspects of business strategy while defining teaching methodology, case study learning approach.
Today’s world is highly digital with interconnected economies. Any positive or negative event in one country can affect business environment of another country. Entire equity markets of the world are connected and have common effect of any positive or negative news happening across the world.
Management institutes can include global case studies for their students.Case studies can be of entities of various culture, geographies so that students can understand global business environment, global business practices and challenges.
- Classroom Lectures
Most of the things to learn are moving outside classrooms and classroom based lectures are becoming bit obsolete . Industry is adopting interactive workshop based approach to enhance learning of the students. Business Schools should certainly consider workshop oriented classroom training. Workshop approach helps to understand concepts easily and improves analytical ability of the students.
- Changing Business Environment
Business environment is dynamic and with technological enhancements , organizations might not able to identify new competition coming for them in the future so organizations need to be alert all the time to tackle business challenges and keep refining business models. Business Schools should take into consideration important aspects of it and invite business people for student interactions, guest lectures, knowledge sharing sessions. Practical knowledge of business would certainly help compared to text book knowledge.
- Learning for Entrepreneurship
Most of the management Schools are equipped with contents of academic suitable to prepare future managers of the blue chip company. Most of the case studies taught are aligned with multinational organizations. Entrepreneurship is only taught as elective subject and is not considered on par subject with other topics. Management Schools should invite entrepreneurs to provide practical aspects of business knowledge for the students.
Most of the top management Schools including Stanford, Harward have specialized curriculum for entrepreneurship and Indian Business schools should adopt some of the best practices
- Development of Leadership Qualities
Business schools are meant to refine, improve leadership qualities of the candidates. In order to improve leadership qualities instead of using text book case study approach, real life case studies can be discussed. There are some of the institutes who asks their students to work in NGO for certain period of time to understand business, interpersonal skill, leadership. Working in such organization helps students to get holistic view of the situation and such learning can be implemented in the business environment.
- Digital Learning
Digital learning is the new era where knowledge sessions can be digitized and shown to the students. Interactive, animated contents enhances learning experience and improves knowledge grasping power of the students. Advance Business Schools must understand technological aspect and start working towards making management school truly techno savy with digital contents.
Knowledge management solutions like Eklavvya can be made integral part of the learning process. Professor / teacher can upload notes which can be accessed by the respective students in secure environment.
- Assessment Process
Student evaluation process should be upgraded and more focus should be for analytical ability, problem solving approach. Knowledge can be acquired from various sources in this internet connected world. But it is important how to utilize knowledge and apply it in your industry, segment. Students should be assessed and evaluated using Online Assessment Process. Such assessment should focus on analytical and practical knowledge of the subject.
Many education institutes and management schools are moving towards technology based assessment as it is helping them to eliminate traditional theory examination process. Such assessment can be easily defined according to industry requirements. Many organizations are using online assessment approach to evaluate knowledge, aptitude, personality of the candidate before taking decision about hiring.
- Soft Skills
Soft skills are one of the key areas for management institutes. Most of the corporate entities have high weightage for the soft skills. This skill can be improved with the help of more practical oriented group discussions, opportunities for the students to get feedback and improve their own skills.
Eklavvya is an award winning online assessment and knowledge management platform used by many universities, education institutes to manage online assessment, entrance examination management, knowledge sharing and learning process. Eklavvya has many success case studies and best practices for education institutes. It can be helpful for your education institute to subscribe and use services during learning academic process for the students.