Brief History of Management colleges of India
Top management colleges in India are providing huge boost in management education in India. Especially last decade witnessed birth of huge number top MBA colleges in India, top management colleges or Top Business schools in India. The history of management education in top MBA colleges in India is not too new in this part of the world as the 21st century India witnessed a sea change in its educational system. Process of globalization not only transformed traditional approach of the system with a more efficient professional approach; but also introduced new age courses which have more economic value in today’s’ time . The Andhra University aided management college in India was the first to start a full time management program in the way back 1957. The All India Institute of Management and Social Welfare, Kolkata and Delhi University then followed it in 1958. It is in 1960 when the foundation of the first Indian Institute of Management in Ahemedabad is laid. Since then India has witnessed a gradual growth in this sphere of education. Most of the management College provides education in India is in the form of MBA(Master of Business Administration) and in PGDM(post Graduate Diploma in Management) or PGDBM(Post graduate Diploma in business Management) and they are available at fulltime, part time, distant or online mode. Presently there are more than 1000 top management colleges exists across the India and many among them like Indian Institute of Management(IIM) are counted among the best of the world. India’s entry in the globalization process also acted like a catalyst in this management education boom. Because of the increasing number of global and Indian multinationals, trained management graduates are in demand and this demand too actively fuelling the interest of more number of students every day. In response of this growing demand, private sector also entered in Indian management scenario and invested a hefty amount for this. A large number of private management colleges along with government aided management colleges is coming into existence now also. Apart from IIMs’ some of the private Business Schools are also among the Top Business Schools of the world too. Management colleges like Jamnalal Bajaj Inst. of Mgmt. (Mumbai), MDI (Gurgaon), FMS (New Delhi), IISWBM (Calcutta) or MICA (Ahmedabad) are well known management colleges across Asia pacific. Top Business Schools are providing a wide range of courses in the business field and admission in these colleges is possible through different management entrances like CAT, MAT, XAT, SNAP and ATMA.
Human resource Management and its scopes
Many of the Top MBA colleges in India or Top business schools in India provide Human resource management courses in their management curriculum. Study of management in top management colleges in India enables us to have different approaches in organizational activities. Human resource management or HRM is the strategic and coherent approach to the management of an organization’s most valued assets – the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms “human resource management” and “human resources” (HR) have largely replaced the term “personnel management” as a description of the processes involved in managing people in organizations. In simple sense, HRM means employing people, developing their resources, utilizing, maintaining and compensating their services in tune with the job and organizational requirement.
Human resource management has a lot of scope in future market by different ways. New business strategies that require more teamwork to survive to serve and to succeed, organizations need to accomplish goals. The market needs to rely on teams of workers. Teams mean diverse workforces whether as a result of drawing from the most talented or experienced staff or through deliberately structuring diversity to stimulate creativity.
Market need Human resource for found that only through work team can they execute newly adopted strategies stressing better quality, innovation, cost control or speed. Human resource management empowerment of lower level workers increased autonomy and responsibilities and ability to attract and retain top talent. Teams also facilitate innovation by bringing together experts with different knowledge bases and perspectives. Such as in concurrent engineering a design process that relies on teams do expert from design manufacturing and marketing.
Young and old male and female encourage and do better and less well education these are just some of the dimensions along which team members may differ. Coordinating team talents to develop new products. Better customer services or ways of working more efficiently is a difficult yet essential aspect of business strategy. Human resource management indeed have a good scope in marketing for future and the market will increase their profit by human resource.
Executive MBA in India
In recent past many top MBA colleges in India or Top Business Schools in India started offering executive MBA programmes. Executive MBA program is a program that is exclusively designed for professional managers and executives who want to accelerate their career growth but not attending regular classes of top management colleges in India. This program is made up in such a way that it helps executives who already have the basic knowledge of business but just want to add on to their management skills. The EMBA or Executive MBA program brings together the expertise of the students (because of their experience) in such a way that managers can learn from one another.
Executive MBA is a degree that offers a lot of flexibility. With the growing importance of MBA education, there are so many institutes in the country that are offering one-year executive MBA programs. Since some of the students who also continue to work and hence are fully employed, there is no need for compulsory internships. More over, the classes are help in the evenings and also on weekends so that an executive can continue with his work at the same time study. These programs have been highly successful in imparting leadership and highly qualified managerial skills in executives. This helps employees as it boosts their confidence.
There are many Top management colleges that provides a degree on executive MBA in the country, here is a list top colleges offering Executive MBA programs in India.
• Indian Institute of Management, Ahmedabad
• Indian Institute of Management, Bangalore (IIMB)
• Indian Institute of Management, Lucknow (IIML)
• Indian Institute of Management, Indore (IIMI
• Indian School of Business (ISB)
• Institute of Management Technology, Ghaziabad
Group Discussion in Management Entrance Examination
Group discussion (GD) is also an important part of MBA Entrance Exam. After clearing common exams such as CAT, MAT etc, students have to clear GD round too. This is a discussion by a group people where they exchange their thoughts and ideas. In this discussion, a candidate has to convey his thoughts satisfactorily and convincingly before a group of people.
1. Preparation for Group Speaking: – In the group discussion, one has to provide his ideas on the particular given topic before a group of people. In this regard, you should start reading aloud from a book or newspapers to enhance your fluency, tone of voice and articulation. Do some discussions in your friend circles. This may help you in doing discussions with others. After that, you can also join some competitive groups.
2. Preparation for Group Content: – For the preparation for content, you have to pick about 6 – 7 current affair topics and do research on them. An individual should understand the event from different perspectives such as personal, social, political, cultural, academic etc. One should remember some important facts and figures of the topic. You should also read good newspapers such as Sunday Express, the Mint, Business Standard and many more.
3. Preparation for Group Listening: – One of the crucial parts of group discussion is listening. A good listener can summarize discussions in a well manner. In this way, he can get good score by presenting a good case over an idea provided by other participants. So it is necessary that one should do some kind of listening exercises for the discussions.
In other words, Group discussion is an ideal way to test one’s personality. Therefore, an individual should talk with other candidates with respect. You have the right to give your opinion over the topic. But you should not disagree with the person. However you can disagree with his point. To summarize, one should keep in mind all these things, when one is going for the GD preparation.
TOP MANAGEMENT COLLEGES in India
Management education from top management colleges in India or top business schools in India is one of the most important business attainments. To get in a Top Management position Management education from top business schools in India is almost essential; because management degrees like MBA, PGDBM or PGDBA gives knowledge that need in order to become a successful, in a key Management position. There is a large pool of excellent and reputed Top Management Colleges in India. Joining in Top MBA College in India, can always give an extra edge to a student. Some of Indian management colleges are best in the Asia pacific where admission is possible through practicing online tests, free online tests of CAT, MAT, XAT, SNAP, ATMA and GMAT.
There are almost 1000 management colleges in India Indian Institute of Management (IIM) is one of the Top business school in India and known as world’s most famous Management colleges
Apart from IIM, there are also some other Top Management Colleges in India which provides essential information about business skills & transform you into one of the best business leaders and quipped you with leadership skills. Some of them are
• ISB, (Hyderabad)
• Xavier Labor relations Institute (Jamshedpur)
• Great Lakes Institute of Management(Chennai)
• Indian Institute of foreign Trade (Delhi)
• SP Jain Institute of Management & Research (Mumbai)
• Faculty of Management Studies (Delhi)
• Management Development Institute (Gurgaon)
• Jamanlal Bajaj Institute of Management Studies (Mumbai)
• Xavier Institute of Management (Bhubaneshwar)
• Symbiosis Institute of Business Management (Pune)
• International Management Institute, Delhi
Students of these management colleges are taken by the different national level entrance exam like CAT, MAT, XAT, SNAP or GMAT and followed by other procedures.
Organizational Management Culture
Any society or any management organization is always mentored by its own cultural identity. The folk of culture is not merely a tokenism, it’s the source of distinctiveness, source of organizational or individual inspiration and as a whole the symbol that represents personality of that particular sphere. Like any other culture, corporate culture or management culture can too be looked upon from this perspective and this system of process is based on our assumptions, values and norms, e.g., our values on money, time, facilities, space and people. Outputs or effects of our culture are, e.g., organizational behaviours, technologies, strategies, image, products, services, appearance, etc.
The basic aim of organizational management culture is the do things in a collective way; which involves a learned set of behaviours that is common knowledge to all the management participants. These behaviours are based on a shared system of meanings which guide our perceptions, understanding of events, and what we pay attention to. ‘As Sun Tzu, a Chinese military general from 3000 BC, indicated in his explanation of strategy, culture forms an integral part of any organizational strategy.’ Though there is no cultural absolute; culture is relative, we have the ability to create a culture that is the best fit for an organization’s future direction but from a macro view all the organizations must have a habit of cultivating the management practices which bring the prosperity of the house and as a whole the society and the system and that practice can be identified as the cultural back bone.
Management cultural must be adoptive too. The ethos of management culture must respect the local sensitivity. It is very important to form an interaction between the participants in the organization. The culture grows over time and to create a culturally fit business management organization it is necessary to participate in the cultural walk. And that includes understanding current culture, creating norms for the team, creating group norms, developing respect to the work or the trust rule; the most important secrete of any organizational activity.
As discussed earlier building any type of culture including management culture is a process of activities. Management colleges can play and are playing an important role in it. They can shape up the students to develop their competency and capability to join and help an organization to grow or as an entrepreneur to establish and grow one’s own organization. More than 700 Top B schools in India is in continues process to produce students who are culturally and professionally capable to handle any critical situations.
One of the surest ways to align the culture to the organization’s management strategy is to apply leadership practices. The leaders, at all levels, need to know what the required culture is and then determine ways of establishing practices and procedures in all operations that will closely reflect the desired culture. They also need to role model the very behaviours they wish exhibited by everyone in the organization and provide the necessary support to others that will enable them to function accordingly as well. Particular attention also needs to be given to all communications and hopefully Indian Management colleges are successfully producing the leaders who satisfy all the mentioned qualities.
Experience of higher Education in India
India, the largest democracy of the world is well known for its large pool of technically skilled manpower, a fair proportion of which finds employment in developed countries, especially in the West. As a happy sequel to the story, India has recently witnessed a big boom in the BPO/KPO sector. In order to sustain this trend, and to ensure that India does not throw away this key advantage, it is imperative that we continue to produce a critical mass of highly skilled manpower at an accelerated pace and here lies the importance of the higher education in India.
The system of higher education in India largely based on Universities and specialised institutes; which are the centres for higher learning in India. The studies and disciplines cover a wide range of subjects from poetry to computer engineering to space research. Most of the universities and higher centres of learning and research are autonomous in function. A good number of universities have a federal structure composed of affiliated colleges on one tier and the university departments on the other. The affiliated colleges teach, in general, undergraduate courses, whereas the university departments conduct postgraduate teaching and advanced research. The university decides the criteria of admission into colleges and coordinates the first degree examination in the undergraduate programmes and award of degree.
There is another category of universities and institutions where technical and professional courses are taught at undergraduate and postgraduate levels. Names like Indian Institute of Technology, Birla Institute of Technology, All India Institute of Medical Sciences, Indian Forest Research Institute, Indian Veterinary Research Institute can be quoted.
The flexibility, distinctiveness and the quality of higher education in India have been attracting more and more international students to come to Indian universities. In contrast to the expensive university and higher education offered in the USA, in the western European countries or in Australia, higher education is still highly subsidised in India and therefore, affordable. Further, students from developing countries find a greater sense of belonging and confidence-sharing as they have many social and cultural values common with India.
Need of Management Studies in Current Scenario
The ethos of management is to humanizing and systemizing the organizational activities to accomplish the desired goals and objectives. Management studies is the first paving stone in the direction of getting that mastery through the learning and practicing of theoretical and practical innovative approaches to management, business and organization. The present day management study also encompasses a wide range of perspectives that are critical to traditional theories of business.
As India is becoming the global hub of 21st century knowledge based industry and the changing culture of globalize economy started keeping a deep influence in it; it is becoming more and more essential that the country should have enough number of professionally skilled talent pool who can sustain in this globally competitive arena and carry forward the business with their innovative minds.
The present day post liberalized India has witnessed a sea change in the attitude towards education especially professional education. The new century foretell a different environment for human development in all spheres of life, including education. The 21st century to be knowledge -driven century resulting a need of greater reform in all education related activities like teaching, learning, evaluating, natural production, curriculum revision, administration production etc .
Though Indians’ have a long history of managing their own affairs; but structured management education in India is not very old; first time in early sixties it took a practical shape with the establishment of Indian Institute of Management to train the people with management concepts and till early nineties it was largely confined to a particular elite section of the people. But opening up the Indian economy changed the scenario. Gradually many institutions, universities have also come forward to provide management education to cater the increasing demand of good managers. The concept of global village and the revolution in the area of information technology is also worked as a catalyst for increasing demand of integration between business and technology around the globe & attainment of global competitiveness has become a necessity for the survival & growth. The liberalization of Indian economy has resulted in a highly competitive environment and because of this an all round emphasis has given on technology, quality and managerial perfection.
Indian corporate world, like all other nations is facing the heat of global melt down. Inflation has crossed 5%, industrial production has almost halved to 5.3% now from Jan 2007, manufacturing growth down over 50% from last January’s 12.3%.In this crucial junction, India need to have a strong dynamic pool of business leaders who can handle the situation in an effective manner and management studies can play a deeper role to tackle this glum mood of the industry. Especially Business schools in India, already able to make an impact and proved themselves as the institutions per excellence at Global level. They produced number of business captains who gave the industry a new direction with their creative approaches to tackle all kind of internal or global malaise.