Impact of Globalization on Management Education

IMPACT OF GLOBALIZATION ON MANAGEMENT EDUCATION CURRICULUM TO CAREERS pic IMPACT OF GLOBALIZATION ON MANAGEMENT EDUCATION CURRICULUM TO CAREERS Abstract The global techno economic paradigm is changing at a pace that defies easy mapping. Emergence of global village and digital economy with internet connectivity is the order of the day. This results in fundamental changes in the way the business is organized and conducted in every functional area, glob aloney and in India as well. On the domestic front, Indias economic growth, in recent years, has been impressive.This has been due to conscious fire towards market based economy. The imperative question is how to sustain it and if possible, better it. Sustainability is possible by spurring knowledgeability and creativity to move up the value chain. Indian business models need to be re oriented, incorporating the newer dimensions of risk of exposure and inclusive growth. Excellence is seen in few quarters and that is not enough. Incr easing complexity and consequent asymmetry marks the emergent business environment that defies solution through traditional managerial tools.Further to have sustainability in business the role of manager is to be sensitized. But the current curriculum and pedagogies of management education take a paradigm shift from transaction based approach to transformative approach. Knowledge ecology needs equilibrise with an integrated curriculum encompassing multiple skills. For equitable distribution and applied innovation we need to take apart up transferable skills and reverse applied learning systems with top down approach.Hence there is a long need to be updated the curriculum to meet the changing needs of the components of globalization which should be incorporated into all areas of management likebasic courses, Core functional, inter-functional courses,integrated and value addition courses. The basic courses have to be rejuvenated so as to meet the dynamically changing global busin ess trends. Core functional courses much(prenominal)(prenominal) as banking and insurance should be effectively managed to meet the global demand in banking sector.Inter-functional courses like intensity communication and marketing embedded with finance are greatly evolving. Integrated and value addition coursessuch as training on soft skills and value added skills like SAP, PEOPLESOFT etc to get job ready. Hence, the suggested framework bequeath balance both theoretical knowledge and acquired skill which has been proven essential for the employability by the placement formation to meet the challenges of a globalized economy.