Creating Social Entrepreneurs through Management Education – A Case for India

Abstract

The American model of Management Education in India is largely serving the needs of the multinational organizations. A critical appraisal will reveal that Indian management schools have largely attempted the US based organizational, pedagogical, curricula, industry interface and academy research models. These do not suit the requirements of Indian conditions due to basic socio cultural differences. The indices of prosperity are hardly meeting the 'satisficing' objective of growth for large majority. The data dished out quoting statistics of growth can better be called as providing 'satisfaction' (statistical jugglery to create the feel good) without giving satisfaction to the large majority. It is time the Indian management education paradigm gave a thought to create context specific model for solving Indian problems. MBAs can be useful helping India in solving the twin problems of poverty and environmental degradation provided they are trained to think about these. The paper attempts to discuss how the management education can play its role in this.