innovative management education

INNOVATIVE MANAGEMENT EDUCATIONANUP K SINGH, PHD

Why, What and How

What is Innovation?

Putting new ideas into action

Adding greater value to customers through systematic changes

Bringing about major changes in activities, programmes, systems and processes

Improved service New service Improved process New process

Why Do We Need Innovation in Management Education Most preferred type of higher education Most expensive type of higher education A great facilitator of economic development Management education in developing

countries in general and India in particular mimic American management education

Major changes are not visible in management education for long time. However, many scholars and practitioners have shown their displeasure with current state of management education

Innovation in Management Education Processes

Curriculum and courses Pedagogy Assessment Relevance, rigour and relationship Student-teacher relationship Governance Administrative and management

processes

Barriers to Innovation

Educational institutions as fundamentally inward looking organisations

Rigid and archaic academic processes

Lack of customer-centricity Low intensity of competitiveness Lack of research and consulting

culture Poor financial support for innovation

Innovation in Management Education An American educational innovation Case study method – A pedagogical

innovation Project based learning – Another

pedagogical innovation Globalisation of management

education – A curriculum innovation Focus on leadership skills –

Curriculum and pedagogical innovation

Innovation in Management Education in India Sectoral MBA Formats of MBAs Focus on placement Prevalence of private education Massification of MBA

Domains of Educational Services Long-term educational programmes Short-term executive education

programmes Development of instructional

materials Consulting Extension services

Stakeholders of management education Student Participants Firms NGOs Peers Employers Communities Government institutions

Hypotheses of Innovation

HEIs in competitive environment will innovate more that the HEIs in placid environment

Smaller HEIs will innovate more than large HEIs Private HEIs will innovate more than government

HEIs Small duration academic programmes will

innovate more than long duration academic programmes

Professional education institutions will innovate more than liberal arts education institutions

HEIs in an educational hub will innovate more than the HEIs in an isolated environment

Contd...

High formalisation decreases innovation Interdepartmental collaboration

increases innovation Industry integration increases innovation Learning culture increases innovation Global orientation increases innovation Strategic approach increases innovation Centralisation decreases innovation Networking increases innovation

Contd...

Entrepreneurial leadership increases innovation

Interdisciplinary teamwork increases innovation

Student centricity increases innovation

Higher communication leads to higher innovation

Improved MBA

Two internships Continuous mentoring; term-wise

focus Greater focus on ethics,

environment and social responsibility education

Greater teaching by practicing managers

Continuous assessment Focus on employability skills Use of Learning management

system

Examples of New Services

Sectoral MBA Global MBA One year MBA Five year integrated BBA-MBA Executive MBA US $ 2000 MBA Distance learning MBA Mixing of digital and real instruction

Improvement in Processes

Teaching-learning process Case method Indian cases Brief cases Multi-media cases Role plays using

cases Project-based

learning Action learning

Assessment Continuous

assessment Outcome-based

assessment Focus on HOTS Assessment with fun Transparency in

assessment A mix of individual

and collaborative assessment

New Processes

Introduction of Learning management system

Collaborative teaching Course log Supervised student internship Individual learning and leadership plan for

students Use of plagiarism software to examine the

integrity of student assignments Involvement of students in social media

marketing