Emerging TQM Issues in Management Education in India: Restructuring for Global Competition

The quality of Business Education dwindles at a complex pace in the world. This phenomenon forces academician, researchers, policy makers and think tank to scrutinize and review business education to make it objective oriented, mission based, qualitative and beneficial for all the stakeholders. Management education institutions in India are expected to deliver quality out comes to the stakeholders namely employers, society and higher educational institutions. There are various issues which require to be addressed for restructuring of management education which will be helpful to create jobs rather than finding it. This paper discusses various TQM issues like changes in management education, accreditation, quality faculty, promoting research culture, creating global mindsets, corporate governance, learning real business etc. which are needed to handle and reduce the gap between industry and academia. This paper examines the TQM issues that need to be addressed and possible directions so that management education can be rejuvenated, create jobs and make innovations in entrepreneurship and business.