Management Education as a Tool for Developing and Sustaining Emerging Economies

The triumph of capitalism in 1980s made accountability to stakeholders a necessity. Companies had to observe international standards like pollutants management norms, workplace safety rules, and OHSAS. Financial disclosures became essential for international major stock exchanges listings. New emerging economies shifted the economic power from the western world and Japan, making it more diffused. Top corporations could not be present only in a few leading economies. This accelerated globalization, and impacted several business processes. New competencies like operations management in distinctly different cultures, effective cross cultural communication, and handling new generation media that could efficiently transmit data across the globe, became important. Competition intensified, requiring a young and responsive leadership for facing rapid changes, introducing New Products cost effectively, and guarding data. This paper studies how B-school programmes can face this challenge and strengthen emerging economies (c) 2014 The Authors. Published by Elsevier Ltd.