International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015 Globalization and Executive Education

Dr. R. Satya raju, Professor & Chairman, PG Board of Studies, Department of Commerce and Management Studies, Andhra University, Visakhapatnam

In the globalized era, several terms of placements. For corporates, changes have been occurred in the size, these programmes aim at training structure and style of management selected managers / high performers in education. The quantity and quality of specific skills to take on more management education in India has been responsibility within an organization. A changed. The scope of management couple of years ago as per the EMBA education is expanded from different survey by BusinessWeek, 163 companies perspectives. Social inclusion is also sent 21,000 employees to such courses in pertinent for designing new programmes 2005. This write up seeks to examine in management education and briefly the issues relating to the kind of entrepreneurship. Desire for starting or educative education programmes, expanding business and the highly executive education abroad and in India, offered compensation package for impact of globalization and the role of management graduates in India from various partners in promoting executive different global companies has become education s per the requirement of the special attraction for the millions of corporate world in the changing business people all over the globe. According to the scenario. This write-up focuses its latest available estimate by attention on one of the emerging areas of BusinessWeek, the international B- management relating to executive School watchdog, executive education in education in India. the US is $ 800 million per annum Kinds of Programmes: business. And the largest share of it is provided by business schools. At the same In India, business schools by and time, schools stand to gain from the large used to offer only standardised two- associations formed with corporate year courses focused on training fresh movers and shakers through this route in graduates. Over the past three-four years International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015 though, many B-schools have started over a period of time on the participant's paying more attention to this very part. Most of these programmes fall different breed of students – working within the 6-36 month range. The executives. And they are creating special delivery is a mix of on-campus and off- courses tailored around the working campus teaching via project work or executive’s needs. VSAT. There is a whole host of institutes, of all grades, queuing up to Executive Education Abroad: woo this very lucrative and under-served segment of MBA aspirants – candidates The global top twenty B-Schools who are three years into a job or five, or in 1993 were: University of Michigan; even 10 and more. Short-term executive University of Virginia (Darden); training programmes or workshops have Northwestern University (Kellogg); been on the rise year after year. Another Duke University (Fuqua); Stanford popular format of learning is longer University; Harvard University; duration courses – spanning a year or University of Pennsylvania (Wharton); more on a part-time basis. The latest Columbia University; Institute European addition, however, is 11-18-month full- d’Administration des Affiares time residential courses. There is a vast ((INSEAD); University of North Carolina scope for executive education in India (Kenan-Flagler); Pennsylvania State because about 5,000 corporates creating University (Smeal); Massachusetts wealth in the country. Each would have Institute of Technology (Sloan); an average of at least 30 managers. University of Tennessee; University of California at Los Angeles (Anderson); There are two kinds of executive Carnegie Mellon University; Dartmouth education programmes: Management College (Amos Tuck); Cornell University Development Programmes (MDPs) and (Johnson); Babson College; Southern Executive MBAs (EMBAs). MDPs are Methodist University (Cox) and Indiana short duration programmes along the University. lines of a management workshop. There are two kinds of MDPs: “customized” and There was a vast change during “open enrollment”. These last between a the last 15 years. As per the latest study, day and a fortnight. The fastest growing the global top 20 B-Schools in 2007 were: segment of the market internationally is Duke Corporate Education customised programmes tailored to the [U.S.A./U.K./India]; IMD [Switzerland]; requirements of a single company. Open Harvard Business School [U.S.A.]; Iese enrollment programmes are different in Business School [Spain]; Babson that they are open to all. So the school Executive Education [U.S.A.]; University picks a topic like marketing, innovation, of Chicago GSB [U.S.A./U.K./Singapore]; strategy or change management which it Columbia Business School [U.S.A.]; thinks will attract participation and any Thunderbird School of Global company may send its employees to Management [U.S.A. / Russia]; MIT: attend the programme. In India, these Sloan [U.S.A.]; Ashridge [U.K]; HEC programmes last anything between 1 – 7 [Paris / France]; UNC: Kenan-Flagler days. EMBAs, on the other hand, are [U.S.A.]; Emory University: Goizueta courses of longer duration for working [U.S.A.]; Ipade [Mexico]; Center for executives. They require consistent effort Creative Leadership International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015

[U.S.A./Belgium/Singapore]; IAE courses of around a year's duration. Management and Business School These are: Indian School of Business, [Argentina]; INSEAD Hyderabad; Indian Institute of [France/Singapore]; Stockholm School of Management, Ahmedabad: One Year Post Economics [Sweden / Russia]; University – Graduate Programme in Management of Pennsylvania: Wharton [U.S.A.] and for Executives; Indian Institute of Boston University U.S.A. There is a sea Management, Kolkata: One Year Post- change in the executive education in the Graduate Programme for Executives; liberalized environment. Several B- Indian Institute of Management, schools have been focusing their Bangalore; Indian Institute of attention on this aspect. Management, Lucknow; Indian Institute of Management, Indore; Indian Institute The factors considered for of Management, Kozhikode; IMI, New ranking were: Course Director Delhi: 11-month Post-Graduate Credentials; Participants feedback; Programme in International Preparation; Course Design; Teaching Management; XLRI, Jamshedpur: One Materials; Faculty; New Skills and Year General Management Programme Learning; Follow-up; Aims achieved; for Working Executives; IMT, Ghaziabad: Facilities; Value for Money; Future Use; 15-month Post Graduate Diploma in International Clients; International Business Management (Executive); participants; Overseas Programmes; ICFAI Business School : One Year Partner Schools; and Faculty Diversity Executive Post-Graduate Programme and commitment the global top B schools have been offering several programmes Several Universities and B- tot eh executives of different companies. schools are offering Executive Education Some are long term upto three years and programmes in India. Some of them are: some are short term either customized or Andhra University, Department of open enrolment programmes. Selective Commerce and Management Studies, programmes of various B schools are Visakhapatnam; Alliance Business presently briefly in the next part. Academy, Bangalore; Bharathidasan Executive Education in India Institute of Management, Trichy; Department of Management Studies, IIT- Several B-Schools have been Delhi; Faculty of Management Studies, offering programmes on executive Delhi University, Delhi; Goa Institute of education. Some are long duration for Management, Goa; Great Lakes Institute one year or two years and some are for of Management, Chennai; ICFAI two days to one week. Sometimes, Business Schools, Hyderabad (multiple certification programmes for about two to campuses); Indian Institute of Forest six months are also being offered. Management, Bhopal; Indian Institute of Foreign Trade, New Delhi; Institute of There are two sub-categories in Management Technology, Ghaziabad; EMBAs residential and non-residential Institute of Rural Management, Anand; courses. The former is a recent KJ Somaiya Institute of Management development. The participants stay and Studies & Research, Mumbai; Lal learn on campus much like in a post- Bahadur Shastri Institute of graduate 2-year management Management, New Delhi; Management programme. Only few institutes at this Development Institute, Gurgaon; Narsee moment are offering full-time residential Monjee Institute of Management Studies, International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015

Mumbai; National Institute of Industrial : GMP for Senior Executives; Engineering, Mumbai; Nirma Institute of MDP for Women Executives; Advanced Management, Ahmedabad; SP Jain Management Programme (Study tour to Institute of Management & Research, France, Switzerland, Netherlands and Mumbai; Shailesh J Mehta School of Belgium); Programme for Young Management, IIT-Bombay; Symbiosis Managers; Strategic Management. Centre for Management and Human : New Tax Resource Development, Pune; Symbiosis Regime; VAT and Works Contract Tax. Institute of Business Management, Pune; T.A. Pai Management Institute, Manipal; Vinod Gupta School of Management, IIT- : Leadership for Industrial Kharagpur; Welingkar Institute of Environmental Management; Management Development & Research, Environmental Management; Mumbai; Xavier Institute of Management for Environmental Management, Bhubaneswar. The Professionals. customized and open enrolment programmes have been offered by several : Mergers and Acquisitions; B schools in India. Some of them are Management Audit; Managing Costs; briefly presented here. Corporate Finance for Decision Makers; Department of Commerce & Capital Markets; Strategic Financial Management Studies, Andhra Management; Tax Reduction at Source & University E-filling of Return. General Management Programmes; Management Programmes : HR Audit; for Executives; HR for Non-HR Communication Skills for Managers; Professionals; FM for Non-FM Leadership through NLP; Developing Professionals; Retail Management; Emotional Intelligent Leadership; Negotiation Skills; Research Methods for Strategic HRM; Leadership and Executives; Value Based Management; Organization Development; Negotiation Creativity and Innovations; Employee Skills; Managing Creativity; Mentoring Discipline. and Career Mapping; Management of Change; Effective HR Training & Indian School of Business: One year Development; Managing HR in Executive Programme ; Leadership Organizations; Managing Performance; Development Programme; Negotiation Personality Development; Competency Skills; Creativity; World Class Management; HRM for Line managers; Manufacturing; Family Business Transactional Analysis for Interpersonal Management; General Management; Effectiveness; Improving Work Culture; Strategy; Leadership and Change Effective Trade Union Management. Management; Sales and Marketing; Finance; IT / Operations; Strategic Retail Management; Real Estate Management; : Enterprise IT Security; e- Mergers and Acquisition Strategy; Procurement; Software Project Scenario Planning. Management; Business Intelligence; Data ASCI (Administrative Staff College Mining; IT enabled Knowledge of India) : Management. International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015

Strategies; HR Strategies; Technology : Sales Management; Management; Management of Taxation; Strategic Marketing; Brand Management. Manufacturing Excellence; Leadership Skills; Finance for Non-finance Executives; HR for Non-HR executives; : Inventory Management; Managing for High Performance; E- Procurement Procedure for World Bank Leadership; Managerial Motivation and Aided Projects; Project and Contract Team Building; Logistics and Supply Management; Urban Transport Chain Management; Six Sigma; Retail Management. Strategies; Business Ethics; Corporate : Social Responsibilities; Going Global: Medical Audit; Improving Quality in Strategies for International Business; Health Care; Core Management Skills for Developing Positive Work Culture; Health Professionals; Marketing for Building Strong Brands. Hospital Administrators. International Management Institute : [IMI]: Change Management for Achieving Several Programmes on Continuous Water Supply in Urban functional areas: HR Directors Areas; Certificate Programme in Urban Programme; Globalization and Management in India; Strengthening Management; Trade Unions; Negotiation Urban Management in India; Skills. International Programme on Continuous Impact of Globalization Water Supply in Cities. : Management Development Institute: In recent years, some Indian companies also have started their own Strategic Management leadership development centres at Programmes; General Management different places with the collaboration of Programmes; Finance & Economics some B schools to impact knowledge Programmes; HRM Programmes; continuously for their executives. Some Information technology Programmes; companies are: Infosys, Satyam, Wipro, Operations Management Programmes; SAIL, Hindustan Petroleum, Banks and Business Communication Programmes; some financial institutions. Human Behaviour and Organization Development. Some B-schools have started their Indian Institutes of Management [A, programmes in different countries. Kennedy School of USA had MOU with B, C, I, K, L]: IIMA for offering a collaborative Executive Education Open programme in Ahmedabad and launched Programme; Executive PG Programme in in 2007. Some private B-schools of India Management; Management Development have started their programmes abroad. Programme; Advanced Management Harvard B School has to launch its first Programme; Effective Communication Indian Executive Education Programme for Managers; IT for Non-IT “Building a global Enterprise in India” in Professionals; Strategic Thinking for February 2008 at Hyderabad Business Management; New Business International Convention Centre with a Environment; Production Strategies; course fee of Rs. 1.8 lakh for five days. Marketing Strategies; Financial Some B-schools in India had MOUs to International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015 launch their joint programmes in India focusing on governance, political and abroad. Pearl School of Business economy, and policy analysis will be with Babson, Nottingham and Asian taught through cases as well as through Institute of Technology had entered into lectures and specially designed exercises some MOUs. in which participants will work in small and large groups to develop ideas and During January 2007, the solutions. In addition, guest lectures will Kennedy School’s newest Executive be delivered on a wide range of public Education program was launched in policy topics by experts from other India. “Governance Challenges for India: research institutions and public sector A Mid-Career Programme for IAS organizations in India. Officers-Phase V,” a four week program designed and developed by the Kennedy The Kennedy School’s degree School in collaboration with the Indian programmes and executive education Institute of Management Ahmedabad programmes have drawn senior officials (IIMA) is taking place on the IIMA from around the world for several campus. Kennedy School Academic Dean decades. On an average, the school’s Mary Jo Bane and IIMA Director Bakul student population is 43 per cent Dholakia opened the international, with students and programme. Renowned economist, Y.K. participants representing more than 80 Alagh delivered the keynote address, countries. calling it “a significant day in India’s Conclusion: quest for powering itself into the Twenty First century.” The Government of India has to design new programmes as per the The four-week long program will requirements of the society in train approximately 100 Indian management education and offer Administrative Service (IAS) officers, entrepreneurship development who have between 26-28 years’ programmes. The international experience. “Looking forward, this first organizations also have to cooperate and day of 2007 brings us together to embark collaborate for the appropriate on a month-long journey of learning from programmes with the national each other and jointly enhancing our organizations and universities. As there understanding of the governance is a need for several executive education challenges for India,” said A three-year programmes, the B-schools role is agreement to design, develop and deliver increased. Kennedy B-school has already the programme was signed by the initiated its programme in India. The Kennedy School and the Government of environment and infrastructure should India, Department of Personnel and be created world class in the Indian B- Training (DoPT) through which schools to attract corporate executives. approximately 360 IAS officers will be The faculty requires exposure to the trained during the three years. Faculty diverse culture and high commitment. from the Kennedy School and IIMA The chiefs of the organizations have to collaborated to design an integrated understand the global scenario to manage curriculum which is being delivered the business in the competitive world. jointly by 12 Kennedy School and 14 The programmes directors, faculty and IIMA faculty members over the course of participants should be highly committed the month-long programme. Sessions to have effective programmes for International Journal of Academic Research ISSN: 2348-7666 Vol.2, Issue-2(8), April-June, 2015 managing the business with global International Encycolpedia of competitiveness. Short duration Education, London, Routledge. programmes for various companies both Brown, P., Lauder, H. and Ashton, D. customized and open enrolled should be (2007) ‘Towards a High Skills designed as per the requirement and Economy: Higher Education and executed for enhancing performance of the New Realities of Global the executives. Capitalism’, in Epstein, D., Boden, R., Deem, R., Rizvi, F. and References: Wright, S. (Eds.) World Year Book of Education, 2008, Geog Brown, P., Lauder, H. and Ashton, D. (forthcoming) High Skills, Low Wages: The Broken Promises of Education, Jobs and Rewards. Brown, P., Lauder, H. & Ashton, D. (2008) Education, Globalisation and the Future of the Knowledge Economy, European Educational Research Journal, 7,2,131-56. Ashton, D., Brown, P. and Lauder, H. (2008 in press) ‘Developing a Theory of Skills for Global HR’ (2008) in Sparrow, P.R. (Ed.) Handbook of International HR Research: Integrating People, Process and Context. Oxford: Blackwell. Lauder, H., Brown, P., and Ashton, D. (2008) Globalisation, Skill Formation and the Varieties of Capitalism Approach, New Political Economy, 13,1,19-35. Brown, P., Ashton, D., Lauder, H. and Tholen, G. (2008) ‘Towards a High-Skilled, Low-Waged Workforce: A Review of Global Trends in Education, Employment and the Labour Market’, SKOPE Monograph No.10. Lauder, H, Brown, P and Ashton, D (2008) ‘Education, Globalization and Skill’, in McCulloch, G and Crook, D, (Eds.) The Routledge