In today's competitive business
environment, there is a great
demand for innovative management methodologies
to solve different bottlenecks in an organization which, in turn,
will improve the organization's productivity, efficiency and
overall profitability. Thus, the need for modern management education
is gaining huge prominence across the world.
Research and Consulting is the heart of any growing institution.
B-schools should nurture a research mindset among students
and faculties and encourage them to take up research in different
areas of management such as psychology, strategy, behavioral sciences,
social issues, etc. Every institution must have a research and
consulting committee, which will act as a change catalyst to explore
and derive relevant insights out of the research studies. This in turn
will enhance the B-school's brand value among its stakeholders
and ecosystem as well.
Critical success factors are defined as those facilitating tools that
drive any institution forward and also make it highly successful.
The following are the critical success factors for any B-school to
succeed in this highly competitive environment (Refer Exhibit 2):
Pedagogy is a term used to define a style of teaching instruction in
an institutional set up. In today's competitive business
world, selecting the right pedagogical methodologies plays a pivotal
role in delivering the right content to the student fraternities. To
address the current gaps, B-schools should embrace the Web 2.0
technologies to create innovative ways of teaching. |