The Hindu Business Line : `Demand for management courses to continue'

The demand for management courses, which appear to have picked up in the wake of the opening up of the Indian economy in the early 1990s, is sustainable since the courses offered by the premier B-schools are very much relevant to what is happening in India and are connected to global trends that are expected to continue, according to Mr I.V. Ranga Rao, Director-Admissions & Financial Aid, Indian School of Business (ISB), Hyderabad.

He said the concept of family business was also losing its relevance in a changing business environment where the industries want to remain globally connected and this has been recognised by those running family businesses as well.

Speaking to Business Line here, he said the leadership model itself was changing, knowledge skills and competencies required now were not what were needed earlier and there would be a process of learning and re-learning as indicated by the fact that many middle-level executives are coming to executive programmes to get re-connected to what is going on now.

The need for a good post-graduate programme in management that was globally relevant and that gave the scope to demonstrate the learning in a growing economy like India would be felt for a long time to come. New technologies, new processes, new products etc would keep evolving and consumer demand was getting redefined and one has to constantly innovate to survive.

He said the business schools were trying to be "that much more globally connected" in terms of their programmes since their products needed to be relevant and connected to what was happening in global economy to enable them to build their careers.

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