Technical courses Non-technical courses
4.4 Management Education in India
77 Technical Education, Maharashtra also ensures the quality of training provided by a professional institute. The directorate has to ensure that a candidate will get the right sort of professional training from his/her chosen discipline (which must meets to modern Industry demands. The regularization of fee structure and quota structure etc and approval to upcoming professional/technical colleges is another responsibility of the directorate. The Director, Directorate of Technical Education (DTE), Mumbai;
Maharashtra is supreme authority of the Institution. The institution plays a significant role in producing a large pool of technical man power of the country from the state of Maharashtra.
78 People who earn a doctorate degree in management education can become consultants, academic deans of a business program or training specialists.
Management education has always focused on training and preparing the future business leaders. The study of management practices teaches a student to how to develop the leadership capabilities necessary to run a team of workers from the theoretical as well as knowledge perspective. The main part of the curriculum focuses on assessing and evaluating teams in order to study the role as a manager.
People who specialize in management education should be able to adapt to changes in legal matters, regulations changes in economic and political trends. Many institutions across different parts of the world have entire schools dedicated to management. Classes in management education prepare students to turn around sick firms, to create startup companies and place them into management positions.
Management education degree holders often works for private companies, government agencies, nonprofit groups, educational institutions, consulting firms and lobbying groups etc. Management education gives a comprehensive picture of the corporate world to the students about how to manage the four ―M‗s‖ of any organization which are Money, Material, Man and Machine. The knowledge about management philosophy and concepts obtained through formal study programs at universities or internally through on-the-job training or through external seminars; it is of the highest importance; for the self-employed, entrepreneurs, presidents of countries, the richest people in life and even the lowest level of workers. People with rich experience in their fields, also, sometime during their careers, need to understand this holistic picture and hence benefit from management education. A general lack of management skills in employees can be detrimental to any organization. Lack of management skills can lead to poor decisions, disheartening of employees, lower productivity, and lower profits. Hence for the growth of any organization and the country at large, management education plays a very important role. Management education in India today is in the transformation phase of change.
Post globalization, a great number of international companies started doing their business in India as a result of which the domestic companies also followed to
79 compete with multinational corporations. Companies found out that the graduates from commerce background fell considerably short of the needs of the executive positions in the competitive world. They had good accounting skills but felt short of required marketing, behavioral, finance & operations skills. They were also weak in written &oral communication, critical thinking & reading skills and also in Information technology. As a result, rather incurring on training cost for commerce graduates companies started offering huge premium for MBA graduates.
Understanding the success of MBA programs & demands from students &
employers, universities started looking at management education as an academic discipline & started offering MBA & BBA programs.Today, the name of ‗ IIM‘ has become a respected brand because getting into them was a guarantee of the best job placements.
4.4.1 Types of Management Courses in India
The Management Courses offered in India diverse in nature, the different types of courses divided on the basis of their nature, required time structure and many other related factors. The broad classification is Full Time Courses, Part Time Courses, Distance Learning and Specialized Courses. These courses are offered for the award of a Degree or a Diploma
Types of Management Courses
Full Time Courses
Part Time Courses
Distance Learning Courses
Specialized Courses Diploma
Degree
Source: Own Analysis
Figure 4.4 -Types of Management Courses
80 The courses are offered in the areas like Retail Management, Business Management, Hotel Management, NGO Management, Health Management, Event Management, Management in Development and Training Agencies, Hospital Management etc.
Apart from that, the Courses in Travel and Tourism Management also belong to the Management Courses category. The most popular management courses in India include Bachelor of Business Administration (BBA), Bachelor of Business Studies (BBS), Bachelor of Management Studies (BMS), Bachelor of Business Management (BBM), Master of Business Administration (MBA), Masters of Management Studies(MMS) etc.
1. Bachelor’s in Business Administration (BBA): A BBA course deal in Administrative studies. It is fundamentally planned to give students a basic knowledge of all the functions and departments which are there in a company like the marketing department, finance, human resources, etc. the subjects which are studied are Basics of Accounting, Business law and Ethics, Economics, Financial, Marketing
& HR management, Management Information Systems, Operations management, Organizational behavior, Quantitative techniques and Strategic Management. It too has various specializations namely Accounting, Entrepreneurship, Finance, Real Estate, HR Management, International Business, IT, Design Management, Management, Management information systems, Marketing, Operations management, Logistics and Supply chain management, Aviation Management and few others.
2. Bachelors in Business Management (BBM): In a BBM course the main focus is