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Introduction to Management Assignment
What are the shortcomings of present day management education? How can they be removed?
Management education as Master of Business Administration originated in late nineteenth century in USA when it industrialized and systematic approach to management was sought by most companies. In India management education started evolving with setting up of management institutes like IIMs and XLRI. Management education is now being also imparted by some of the engineering colleges in India. Management education has become a big and lucrative business. It has grown in USA from almost negligible 1322 MBA degrees being awarded in 1955-56 to 102,000 MBA degrees being awarded in 1997-98.
But there are major problems associated with the way the management education is being taught and the content what is being taught. The major problem is that the curricula of business schools is seen as being too focused on analytics with little or no emphasis on problem finding and problem solving skills. It also lacks focus on integration of problem across various functional areas. It does not take the holistic picture into account. Another problem with the business education is that the research work done in most of the business schools is far away from the realty. The work does not address the challenges being faced by various business organizations across the world in day to day management. Another major challenge facing the management education today is that learning is not the aim of most the students but placements and networking are. The primary aim of any MBA graduate is to increase his contacts in college so that it helps him securing a better job at the end of the course. With constant focus on networking and securing a good placement students lose focus of a very important aspect that is learning and acquiring knowledge. Students also do not

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