In the last couple of years, management institutions have increased a lot more in number in the country, but unfortunately quality remains elusive. Most of the institutions which provide different courses in management education don’t provide quality education and ruin the future of students who have taken admission in respective institutions. Today India has thousands of postgraduate institutions which provide management education and in equivalent management courses, and award MBA degrees and diplomas. It is not that all institutions are lagging behind in delivering quality education, but most of the institutes are not providing quality education and are running only to earn benefits. The proliferation of MBA schools at fast rate is leading to erosion in the quality of the management education and it is all happening because institutions don’t have quality faculties. Mostly students take admission in these colleges by seeing the physical infrastructure which in turn cost them. It is significant that curriculum should be delivered in an honest manner so that students could get what they are expecting from college.
There is a dearth of good management colleges in India if we want a good economic growth in the country. We need at least 100 to 150 good schools.
How do you think Indian management education is different from the western world?
Management education has a broad concept which lies on universal spirit. Education system is applied according to the culture and its values. You can easily find the concepts of planning, recruitment, training, financial systems and control, in any culture but their proper implementations and execution are very important.
In western countries, management concepts are developed consequent upon progressive situational analysis which are rooted on altering values system of the people as well as in the political and economic environment which all form the educational and cultural milieu.
However, in our country our educators never developed their own concepts, keeping our country’s management system in view. Instead, they found very much suitable to import management technology just as scientific technology. And as there was no proper planning in the past, we are suffering the outcome which is the confusion in Indian management education.
What are the initiatives your institute has taken to further research and innovation in management field?
We have been providing quality education in management for the past 21 years and over 3000 students have graduated from FORE since its inception in 1992. Currently with two-year full time programs in Management (PGDM) and International Business (PGDM-IB), and a three-year part time program in Management (part-time PGDM) having a total planned student strength of about 750, we are well placed to leave an impact in the society
We foster sharpening of skills and enhancement of knowledge base in our students with the help of various extra-curricular, co-curricular and curricular activities, delivered through faculty who contribute to the expansion of the body of knowledge in their field of expertise. We have centers of excellence to enhance domain specific research and training among members of faculty and entrepreneurship among students.
We promote industry academic interaction through corporate supported projects undertaken by our students under faculty supervision which provides a hands-on-experience to our students and increased their employability.