'Impact of Globalization on Management Education\r'

'IMPACT OF GLOBALIZATION ON focal point EDUCATION †CURRICULUM TO CAREERS [pic] IMPACT OF GLOBALIZATION ON MANAGEMENT EDUCATION †CURRICULUM TO CAREERS Abstract The spherical techno †economic paradigm is changing at a pace that defies easy mapping. Emergence of global hamlet and digital economy with internet connectivity is the order of the day. This results in fundamental changes in the way the business is organize and conducted in every functional bea, glob aloney and in India as well. On the domestic front, India’s economic growth, in recent years, has been impressive.This has been due to conscious depart towards market ground economy. The imperative question is how to draw out it and if possible, better it. Sustainability is possible by spurring creative activity and creativity to move up the encourage chain. Indian business models need to be re oriented, incorporating the newer dimensions of happen and inclusive growth. Excellence is seen in few quarters and that is not enough. Increasing complexity and consequent instability marks the emergent business environment that defies consequence through traditional managerial tools.Further to have sustainability in business the role of manager is to be sensitized. besides the current curriculum and pedagogies of management education take a paradigm shift from transaction based approach to transformative approach. Knowledge ecology needs balancing with an structured curriculum encompassing multiple acquirements. For genuine distribution and applied innovation we need to break up up transferable skills and reverse applied learning systems with top down approach.Hence there is a not bad(p) need to be updated the curriculum to piece the changing needs of the components of globalization which should be incorporated into all areas of management like basic courses, Core functional,  inter-functional courses,  integrated and value addition courses. The basic cours es have to be rejuvenated so as to meet the dynamically changing global business trends. Core functional courses such(prenominal)(prenominal) as banking and insurance should be effectively managed to meet the global demand in banking sector.Inter-functional courses like hand communication and marketing embedded with finance are greatly evolving. Integrated and value addition courses such as training on soft skills and value added skills like SAP, PEOPLESOFT etc to get job ready. Hence, the suggested framework go forth balance both theoretical knowledge and acquired skill which has been proven essential for the employability by the placement transcription to meet the challenges of a globalized economy.\r\n'