Impact of Globalization on Management Education

IMPACT OF GLOBALIZATION ON MANAGEMENT education program 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 economic system with internet connectivity is the order of the day. This results in fundamental changes in the way the melody is organized and conducted in every functional area, globally and in India as well. On the domestic front, Indias economic growth, in recent years, has been impressive.This has been due to conscious remove towards market based economy. The imperative question is how to pay back it and if possible, better it. Sustainability is possible by spurring vicissitude and creativity to move up the value chain. Indian wrinkle models need to be re oriented, incorporating the newer dimensions of risk and inclusive growth. Excellence is seen in few quarters and that is not enough. Increasing c omplexity and consequent instability 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 needs a paradigm shift from consummation based approach to transformative approach. Knowledge ecology needs balancing with an integrate curriculum encompassing multiple accomplishments. For equitable distribution and applied innovation we need to pick up transferable skills and reverse applied acquirement systems with top down approach.Hence there is a great need to be updated the curriculum to equal the changing needs of the components of globalization which should be interconnected 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 business trends. Core functional courses much(prenominal) as banking and insurance should be effectively managed to meet the global train in banking sector.Inter-functional courses like mass 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 commercial enterprise ready. Hence, the suggested framework will balance both theoretical knowledge and acquired skill which has been proven essential for the employability by the placement organization to meet the challenges of a globalized economy.