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6. Faculty development:
Non availability of adequate proficient faculty is a major constraint for
sustainable growth of quality management education in India. An autonomous,
financially sound and academically credible institute with active support from
the leading management institutes, industry and Government should be set up
for faculty development. Standards for curriculum covering the entire spectrum
need to be set. Active involvement of MEE faculty in training, conferences,
industry engagement and curriculum revision should be encouraged. Given the
current demand-supply gap, additional faculty would need to be attracted by
appropriate incentives.
7. Mentoring: To
achieve excellence in the field of management, NKC recommends that all the
leading Management Institutions adopt 3-4 MEEs for mentoring and upgradation
of quality. Funding and other modalities can be mutually worked out between
the institutions.
8. New institutions:
We need a new wave of management institutions which will focus on
entrepreneurship, leadership and innovation. These institutions will enable to
launch India in to the global arena, without the legacy associated with
operating in a protected environment. These institutions should set new
standards and become role models for MEEs that have the desire to become
leaders in the global market place. Incentives need to be provided to Indian
entrepreneurs/ corporates to setup institutions of excellence on their own or
in collaboration with foreign universities. We could also consider allowing
reputed foreign universities to enter this field, regulations for them being
at par with private Institutions.
9. Autonomy: All
existing management institutes excluding management departments in
universities should register with the Standing Committee of IRAHE and be
accorded independent status. In the case of MEEs set up by Central and State
governments, government should be treated as a promoter. Registered institutes
will benefit from the Standing Committee’s mentoring and better funding
opportunities apart from other advantages associated with autonomy.
10. Governance: We
recommend a board of governors for all MEEs, consisting of 50 per cent
independent members as there are independent directors under Company Law. The
key focus of the governing board should be to continuously improve quality of
education and research. For this purpose, they would have to maximise the
resource/fund inflows and allocate/spend them purposively and efficiently. The
Board should encourage faculty to publish in reputed journals and
publications, obtain regular feedback from students on teaching-learning
process, obtain recruiter feedback for improving quality, institutionalize
faculty evaluation and management system and encourage faculty to write India
based case studies. The appointment of Directors of public MEEs should be
freed from direct or indirect interventions on part of the governments, for
these should be based on search processes and peer judgement alone. Likewise,
the appointment of directors of private MEEs should be based on a transparent
selection process. This would of course be accompanied by enhanced
accountability based on performance indicators and independent external
evaluation. |
