Sunday 2 February 2014

Innovate or Perish – The new reality for Business Schools


By: Dr. Filomina P. George, Dean – Academics, SCMS-Cochin School of Business

Socrates once famously said that a good teacher is one who burns his notes every year. Given the fast-paced global business scenario, we may soon have to burn our notes every day!

One recalls that the opening up of the Indian economy in the early nineties was closely followed by the launch of a number of management institutes across the country. MNCs were coming in by the dozens and there was an acute shortage of trained managers in the Indian ecosystem. A couple of decades down the line many of these management institutes have either shut down or are just about dragging along.

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