Management And Education: The Importance Of Management Education

Importance of management as organizational practice has increased manifolds because of globalization and consequently education of management has also reached to a level of greater significance. But its role has always been in existence and roots of management education can be traced back to 1950s in India. Management is an application based discipline requires incorporating the issues of business and management and supposing to be held responsible for the final state of affairs of the business of the nation. Management education focuses developing a broad range of managerial knowledge and abilities among students. In India in1950s Indian institute of social welfare and Business Management was established for imparting education in the area

Management is an application based discipline requires incorporating the issues of business and management and supposing to be held responsible for the final state of affairs of the business of the nation. Management education focuses developing a broad range of managerial knowledge and abilities among students. Initially management education included marketing, finance, human resource development. Now management education includes more functional areas like operations, information technology, international business, supply chain management, management information system, retail management and customer relationship

Management education should not just equip a student ,who are generally the principal customers of the education, with technical skills and expertise but also develop in him the right attitude. Decision making and problem solving are manager’s core activities. The main objectives of management education are to inculcate following in the students:-1)Knowledge: broad base knowledge.2)Application: The capacity to draw upon this knowledge and apply successfully it in novel situation.3)Thinking: The general thinking ability of being critical 4)Independent learning: Capability for independent lifelong learning including the capability to engage in independent inquiry 5)Articulateness : the general language ability 6)Mind set and values : The mind set and values including (i) an awareness of the uncertainty and fallibility of knowledge as well as the social basis of the evaluation of knowledge (ii) an open mind (iii) Willingness and ability to doubt and question beliefs, especially one’s own (iv) intellectual curiosity (v) motivation to learn (vi) Interpersonal skills 7)Drive to succeed and control with initiatives.(Rai