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,