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The Metamorphosis of Management Education in India over the years

Dr.Prasad Linganna, Registrar Evaluation, Ramaiah Institute of Management Studies (RIMS) Management education in India is about 75 years old and can be traced back to 1949 when XLRI started a few courses in management. In 1953, the first full time management course was offered by All India Institute of Social Welfare and Business Management. The decades up to the 1990s witnessed starting of management courses by reputed Institutions such as Indian Institute of Science, University of Delhi, University of Madras, the IIMs, University of Bombay, the IITs, MDI, SIBM, IRMA, LIBA, TAPMI, IBS, etc. It was not until the 2000s that the country witnessed the mushrooming of Management Institutes.As per the latest data from the All India Council for Technical Education (AICTE), the regulator for technical and management education in India, there are 3280 Institutes that are approved by the AICTE to deliver management education with a total approved intake of 4,46,635.If we compare the curriculum that was the taught in the early days of management education in India to what is being taught today, we can see a complete metamorphosis in the way students are learning the ropes of management. Disruptive technologies like Artificial Intelligence, Machine Learning, Robotics, Design Thinking, Business Analytics are influencing the design and delivery of teaching pedagogy across Management Institutes and B-Schools. From traditional specialisations such as Marketing, HR, Finance and Operations, Management Institutes and B-Schools are now offering new age specialisations such as Business Analytics, IT, International Business, Aviation Management, Retail Management, Sustainable Development Management, Fashion and Luxury Brand Management, Sports Management, Healthcare Management, Supply Chain Management, Real Estate Management, Agri Business Management, Communication and Public Relations, Digital Marketing, etc.Management Institutes and B-Schools are shifting focus from being mere providers of information to helping the student become industry-ready by offering Value Added Courses in the areas of Communication Skills, Aptitude Skills, Leadership Skills, etc. In addition, students are being exposed to as much exposure to the industry as possible via internships, live projects, research projects and the like.Management Institutes and B-Schools are laying emphasis on the important aspect of skilling, re-skilling and up-skilling so that students remain relevant at all times in an industry which is changing rapidly. As a case in point, according the latest “The Future of Jobs” report by the World Economic Forum, 44% of the worker’s core skills are expected to change in the next 5 years. Further, the report also says that businesses’ top 10 skill priorities for 2027 are analytical thinking, creative thinking, AI and big data, leadership and social influence, resilience/flexibility/agility, curiosity and life long learning, technological literacy, design and user experience, motivation and self-awareness and empathy/active listening. The report puts forth the important role that technologies like Big Data and AI will play in driving job growth worldwide across jobs such as AI and machine learning specialists, data analysts and scientists, and big data specialists.For students pursuing management education, the need of the hour is to embrace the changes happening in the industry and to be prepared to becoming industry-ready by initially skilling themselves with what is required by the industry and subsequently re-skilling and up-skilling themselves so as to build their careers. Students should realise that the demands on the managers of tomorrow are going to be very different from what they are today. While the Management Institutes and B-Schools, at least the good ones, are doing what they can to guide and prepare the students for an exciting and uncertain journey into the future, students should also be aware that their survival depends on being prepared for the future.

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Rotract Club Activities

The Rotaract Club of RIMS has been very actively contributing to the society since its inception and has been recognized by Rotary Clubs and Rotaract Clubs across District 3190 as being a very responsible and proactive Club. During the period July 2022 to February 2023, the Club involved itself in many activities, a few glimpses of which are provided below. July 2022: During July 2022, the Rotaract Club of RIMS conducted the following activities: Feed the Need, Vaccination drive in association with Rotary Club of Rajmahal Vilas, Logo launch for the Rota Year 2022-23, and Letter Head exchange with Rotaract Club of Young Souvenirs, New Delhi

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Faculty Achievements

RIMS boast of a highly learned faculty who are always striving to update themselves with the latest happenings in their field of study. During the period August 2022 to February 2023, our faculty members have achieved the following laurels for themselves and the Institute. Dr. Rekha has published a research paper titled “The implication of interdisciplinary approach in education an exploratory study: in the GBS Impact, Volume 08, Issue 02, July – December 2022, ISBN No 2454-8545. Prof Karthik was the resource person at a workshop conducted by the SJC Institute of Technology on “Technicality of Operations Research” and at a Webinar organized by the SJC Institute of Technology on “Aptitute (Quantitative) Training for MBA Aspirants”. Dr. Murali has attended the following workshops/FDPs/Trainings: National online workshop on “Outcome Based Education” organized by Little Flower Degree College and St. Ann’s College for Women, Workshop on “Structural Equation Modelling using SmartPLS (Basic and Advanced Modules) organized by EdMaestro Pvt Ltd with support from SmartPLS GmbH, Germany, Workshop on “How to Automate LinkedIn to Reach Maximum Recruiters?” organized by Skill Academy Campus Program, Online Faculty Development Program on “Research Methodology”. Prof Siddarth has successfully completed his PhD Course Work examination conducted by the Visvesvaraya Technological University. He was also invited by BNMIT to set the question paper for their end term examination. Dr. Swapna and Prof Prasad Linganna co-authored a research paper titled “Impact on Emerging Technologies like 5G, Block Chain and Internet of Everything on Businesses” and the same was published as Conference Papers (ISBN 9788195751600) by Presidency University. Prof Prasad Linganna successfully defended his PhD thesis titled “Impact of Transformational Leadership on the Success of Start-Up Ventures in Bangalore City” before the Doctoral Committee of the University of Mysore and the University has accepted his thesis and has recommended award of the PhD degree to him. He was also invited by R V Institute of Management to set the question paper for their end term examination. Congratulations to all the faculty members for their achievements.

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SWOC Analysis for I Semester Students

At the beginning of their Semester, all I Semester students were provided with a booklet which enabled them to jot down their Strengths, Weaknesses, Opportunities, and Challenges (SWOC) along with an action plan to take advantage of their strengths to reap the opportunities and to overcome their weaknesses and challenges. At the end of the Semester, these booklets were individually reviewed with every student by a panel comprising of Dr. Swapna – Principal of RIMS and Dr. Prasad Linganna – Associate Professor of RIMS. The panelists, after listening to the students, offered their observations and suggestions to the students to continually keep working on adding more strengths, minimizing their weaknesses, taking advantage of opportunities, and overcoming challenges. The students were also informed that their SWOC would be reviewed at the end of each semester until they pass out of the Institute. The students expressed their happiness about the program and said that they have greatly benefitted from the one-on-one session with the panelists.

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Skill Development Worskshop for girl Students

RIMS, in association with the America India Foundation, National Skill Development Council, and Dell Technologies organized a Skill Development workshop exclusively for the girl students of RIMS and RILS. There was an overwhelming response from the girl students for the two day workshop held on 24th and 25th of February 2023 wherein they were trained on Personality Development and Interview Skills. All the students were presented with certificates on successfully completing the training.

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Panel Discussion on Union Budget 2023 – 24

Just a day after the Union Finance Minister presented the Union Budget in front of both houses of the Parliament, on the 2nd of February 2023, RIMS organized a panel discussion on the Union Budget wherein esinent economists and chartered accountants analyzed the Budget for the benefit of students and faculty. The panelist were Mr. C. V. Ramanan CEO of Ladder Consulting Services, Mr. Krishna Raj – Professor at Institute of Social and Economic Change, and Mr. Satish -Chairman of the Bangalore Chapter of ICAI. Dr. Swapna, Principal of RIMS graced the occasion.

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Republic Day Celebrations

On January 26th, 2023 the teaching and non-teaching staff of RIMS and Ramaiah Institute of Legal Studies (RILS) celebrated the 74th Republic Day to mark the occasion of India adopting its Constitution. Dr. Swapna, Principal of RIMS and Dr. Vinayak, Principal of RILS graced the occasion. After unfurling the National Flag and singing the National Anthem, a few students of RIMS and RILS spoke on the importance of the occasion. The brief event ended with distribution of sweets to all.

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Indoor Sports “RIMS Athlon 2022-23”

The Annual Indoor Sports competition for students was conducted during 23rd to 27th of January 2023 and students competed for honors across various categories of sports such as Carrom, Chess and Table Tennis. The competition was fierce and at the end of the day, the best player/s won. The Winners and Runners will be presented with trophies during the Annual Day celebrations of the Institute.

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