Management education has come a long way from its initial days. In the era of Industry 4.0, the requirement by the industries for graduating students has changed drastically. The industry of today is looking for people who can provide innovative solutions and are equally versed with technological advancements. Today, not only the knowledge of mere management theories will help but also equally important is the understanding of its application. The industries now focus on amalgamation of knowledge, skill and attitude in the students graduating from different institutes. It is equally important for tomorrow’s managers to have a proper balance between knowledge, skill and attitude for a successful transition from college to corporate.

A Blend of Theory & Practice

The best institutes today, recruit best faculties who can impart up-to-date content in their courses and can easily connect with the millennials. Millennials have short attention span but can do multiple tasks and are very well inclined towards emerging technologies. So, the knowledge imparted to them in appropriate mix of theory and practice excites them. Software based simulation games and real time exercise mimicking the corporate decisions are the powerful tools to enhance the attention span and retain the engagement of the participants and enhance the learning. Case based learning in management schools also provides an excellent opportunity to the students to not only learn different theories but also to understand the context in which the theories can be applied.

Skills Development & Corporate Exposure

Imparting skills and making the management graduates ready for the industry is another important task. The best of the schools today provide ample opportunities for internships, exchange programs, live projects, project based courses, etc. This helps students to devote their time in understanding the practical aspects of management. The time spent in different assignments help them acquire skills, which otherwise would have been difficult to get through course work.

There are other avenues which institutes provide students to equip them with practical skills. One such initiative is active participation in different clubs and organizes different events such as symposiums, talk shows, industry-academia interaction sessions, and so on. This not only helps them in developing organization skills but also provide ample opportunities to network with practitioners. There are also different competitions, which corporates organize from time-to-time. Active participation in these events again helps the students to apply theoretical knowledge for practical problem solving as well as give them an opportunity to stand among the peers and also gain visibility among corporates.

Building the Right Attitude

Attitude is an important aspect, which cannot be ignored. This is one dimension, which the industries look for when they are planning for recruitment. Right attitude with proper temperament provide students an opportunity to not only acquire appropriate knowledge but also develop and equip themselves with proper skills, which will help them in life long learning. The attitude also reflects in how the students participate in club activities, participate in competitions or even attend classes.

Thus, the institutes of today are getting ready to develop management graduates who are not restricted to theoretical aspects of management but are equally versed with skills and right attitude that will hold them in good stead in corporate world.