Thereafter, I have been associated with education in my capacity as faculty at management institutions like Narsee Monjee Institute of Management Studies as well as other institutes in Mumbai. As the chairperson of the KC College, as director of Mudra Institute of Communications Ahmedabad, on the advisory board for Management Studies of Bombay universities and as chairperson of the Continuing Education Committee of the Bombay Management Association.
The impressions given below are a reflection of the experience garnered from all the above and are largely a re-affirmation of the learning which I assimilated during my study at IIM-A (1969-1971). These learning are:
Management education provides an opportunity to sharpen your common sense and teach you the process by which you are a constant provider of solutions to whatever situation you are confronted with.
Management institutions encourage teamwork and achievement orientation. At IIM-A, we were also fortunate to learn about leadership and the utilisation of available resources.
While IIM-A provided a strong atmosphere for conceptual development, modern management also deals with skill enhancement. This would mean that the education provides learnings in both the why and the how of business results.
While personal interest took me into learning human relationship and human resource management, it is my view that most management institutes do not offer sufficient motivation and learning in the soft skills of a managers role.
While most management institutions identify the need for quantitative analysis and financial management, as a student pursuing specialisation in marketing management there was a reasonable amount of discomfort in attending to these subjects. However, learnings from the Business Policy and Strategic Management helped to balance the art and science of management.
Looking into the future, I would take the view that management education must provide strong capabilities in the management of ideas, communication, obligation to society, business ethics, and the leadership skills surrounding emotional intelligence. Management education must also, in future, offer more field and application experience to students through projects, rather than put too much emphasis on classroom learning only.
The author is director, Mudra Institute of Communications, Ahmedabad