MOOCs: Need in Management Education

In view of globalization, the management education itself has become very dynamic. It involves understanding and formulating regional and global problems, evaluating risks and opportunities, analyzing strategies in the context of its social, legal, economical, statutory and environmental implications, managing team with creativity and encouraging talent without external or internal influence, optimizing team effort with best strategies for better decisions and feasible outcome. For developing such skills, the B-Schools must adopt innovative and creative teaching pedagogies; integrated multi-disciplinary approach and collaborative teaching consequently work for holistic development. In the above context, leaving apart a few well-known B-Schools, most of the B-schools are not able to meet the expectations of global challenges. We will analyse why the existence of B-Schools is becoming difficult.  We discuss the reasons for placements coming down severely as reported by ASSOCHAM on “Appetite for MBA tumbles down”. Recently the registration for CAT candidates has witnessed a decline of 9.5% in 2014 from 8.5% in 2013, which also needs to be analysed.

Does management education need any support of non-traditional method? Why the MOOCs are becoming important in higher education and consequently what is the future of MOOCs in management studies. We also discuss the importance of customised MOOCs that is SOOCs, BOOCs and SPOCs as the management education is highly specialised and needs updating. Managers of today and yesterday need to update themselves with global strategies. The world of MOOCs has taken another leap by presenting itself in regional languages and making them culturally rich with the partnership of local expertise.

Thus, MOOCs, which has local presence and global effect, can benefit management education in three folds:  managers of tomorrow for getting latest skills, managers of today can update while faculty members can introduce themselves with the latest practices in management education.