Enhancing the Value of Business Education- Issues & Challenges

The most crucial role of a B- School is to prepare management graduate to become leaders and managers, and hence the courses should be designed to impart managerial conceptual, technical and human skills. However, to handle the multifaceted managerial responsibilities students should also acquire the competence to apply these skills. This is an indispensable need, as the growth and success of an organization may get affected if there is a dearth of managers with the necessary skills. A study based on a survey of senior executives, confirmed that unsuccessful or successful managerial performance is proportionately related to the presence and absence of these three skills among the managers. With every passing year, & steadily, the Management institutes have started resembling the corporate in terms of their work culture. However, when it comes to parting professional education relevant to the business houses, they are losing their relevance. Studies reveal that the corporate world is anxious about the low level of human and soft skills among the business graduates. Many reports have even corroborated managerial failures to the deficiency in human skills. The picture, based on the existing literature appears to be obscure. On one hand, the growth in terms of number of institutes has been remarkable (AICTE Handbook, 2018-2019) but on the other, study of the placement seasons has exposed the declining skills of the management students. The paper investigates the various reasons behind the paradox of qualified yet unemployable graduate's. It furthers suggests rigorous steps which have to be taken both by the apex authority AICTE and the management of the institutes together to resolve the above incongruity.