Introduction

A Seminar was conducted on Management education: opportunities and challenges by renowned resource person Mr Mathew A Thomas, a chairperson and Executive Manager, Oracle. This seminar was organized by Dr. Navin Vijay Orlando, Prof Grace and Prof Jincy Mathew. The seminar started with welcome address by Ms. Savitha of 2^nd sem MBA, followed by a introductory speech by Prof. Grace about the Resource person.

Mr Mathew A Thomas started the seminar with introduction of Management education, saying that it helps students to encourage them to think differently and add value to the existing qualification. It enhances managerial and leadership skills by sharing of ideas, through healthy, meaningful and case study discussions. Management education provides requisite skills and abilities to get the going smoothly at the corporate world; an opportunity is provided to network with others and promote cross-cultural diversities. The management education helps in equipping the executives with competencies and capabilities further empower to accept the corporate challenges with confidence. We are in the era knowledge which is expanding at an unprecedented rate. The essence of good management education is to train people for managerial positions in corporations. The twin policies of liberalization and privatization being pursued by Government of India since early 90s have opened a plethora of opportunities for the vast pool of young educated Indians. The vast requirement of management professionals by corporate sector has resulted in proliferation of management institutes in India. In the post-independence era, Indian economy was developing that shoot up what we required bureaucratic management skills. However, after 50 years of independence, the Indian economy has become more mature and hence we require entrepreneurial management skills. Our management schools could not meet this challenge even today. Therefore there it is a need to change our management education. To take the advantage of this demand, lots of people have opened educational institutions to educate students in the field of Commerce and Management. Management education has grown tremendously over the period of time. Even though there are certain challenges in management education, which need to be addressed through appropriate policy formulation and its effective implementation. We have focused on higher education in general and management education in particular with research and development in terms of balancing quality and quantity.