Achieving Excellence in Business Education through Quality Teaching

The impact of globalisation on the corporate sector in particular has suddenly created a demand for human resource trained in the field of business education with innovative ideas, new approaches in business and behavioural sciences as well as professional skills. In order to fill the vacuum in this regard a new and futuristic orientation requires to be given to the discipline of business education. The conventional business education has become irrelevant. Keeping in mind the significance of modern business education, the Indian government has liberalized the business education market since 1990s, resulting in an unprecedented growth in the number of technical and management institutions mostly through private investment. It is worthwhile to mention here that outside US, India now trains largest number of MBAs with about 75,000 degrees annually. At present, there are more than 1200 institutions providing business education in the country. The students now have a vast choice regarding the institutions in which they want to study. Since the management graduates and post-graduates produced by these institutions are primarily absorbed by industry, there is a growing need to match the curriculum and structure of business education to better fit the needs of India and sensitive to the changes in both in the industrial and services sectors within the country. Moreover, it is important to properly assess the quality of business education imparted to the students in various institutions for proper decision-making regarding selection and recruitment by potential employers. In the present paper, an attempt has been made to investigate the quality of education imparted by business schools in India on the basis of a sample survey. Besides, a long-range strategy has been formulated to achieve excellence in business education through quality teaching