Advantages And Disadvantages Of B-School Education

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Introduction: Education sector in India is today worth of trillion dollar (approximately 20,000 crores) business school (B-school) education has seen immensive growth in the last two decades. The first business program was started in 1954 by the Indian Institute of Social Welfare and Business Management in Calcutta. There were 118 B-school programs in 1989 and 744 in September 2000 (Abid Hussain Committee). Recently, industry estimates suggest that there are more than 1,300 B-schools in India. B-schools are subject to vagaries of market forces such as tough competition, demanding students, and the corporate world. World Trade Organization and General Agreement on Trade in Services are also influencing factors. If a B-school wants to grow a long-term future, consistent improvement of quality is essential. Quality has to be practicalized in various parameters like quality in inputs (faculty and infrastructure), quality in processes,(active learning time), quality in outputs, (tests and gradation scores) and quality in outcomes (gainful employment). Innovative colleges, universities and …show more content…

Accountability no longer rests with the student, and if the faculty or B-school (service providers) do not meet up to the student’s (customer’s) expectations, then the student fills a service form (teaching evaluation and feedback) which indicates service failure, resulting in, a “bad word of mouth” for the service providers (faculty and B-school).The findings of a survey conducted by Pitman (2000) on “Perceptions of administrative staff towards students and faculty” indicate that in dealing with students, administrative staff move beyond the processes of mere service-providers and incorporate a mentor role into their processes. Administrative staff tend to relate closely to students, perceiving them as internal

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