A pilot study on the perspectives of regulators and institutions of management education in India

Abstract

The Indian government set out to make higher education in general and management education, in particular, more accessible to the general public. It indicates that the government wants every firm to be professionalized and every sector to have effective administrators. To achieve this goal, the government liberally approved the establishment of many management institutions around the country. The AICTE, UGC, and other institutions have been established as regulators to supervise management education and its progress and direction. As a result, the country now has over 3700 institutions. All of these institutions have unique names and structures, and some are standalone programs (PGDM), others are university departments, and several being connected institutes. There has been a considerable qualitative and quantitative transformation in management education over the last 40 years. This provided adequate clarity and direction.Various business school administrations have shown much enthusiasm for building management institutions, but less attention is made to maintaining quality management education.However, the stakeholders have a wide range of opinions about the institution's outcome. To put it another way, numerous management institutions have failed to meet the expectations of regulators, industry, and society. Although, as requested by the government, management education is available to ordinary students. However, the quality of management education falls short of expectations.This paper attempts to comprehend the regulatory framework, implementation, and quality outcome difficulties.A structured questionnaire is provided to the respondents for the aim of the study, and the data is evaluated with appropriate statistical methods, and accounting inferences are derived.