| |9 May 2016HIGHERReviewthe gap between industries and business schools. The prevailing issue of gaps between academia and industry is a global problem. Nonetheless, the problem of the gap has become more acute in India. Management education cannot be restricted to relying on only one kind of company or industry to answer to the needs of the industry for skilled workers. Another way would be to bring the industry into institutions by having companies teach courses. Here a faculty from the company designs and teaches a course providing the students with in-depth knowledge of the subject from the industry. Academia also needs to engage with the industry where a faculty member participates in an intensive internship in a company. Afterwards, courses are then formulated around the experiential learning in the industry.In the globalized education sector, the pedagogy is a hybrid of both classroom and online learning. Because of globalization, it is possible today to create Flip classroom where students in two different countries can study from the same courses at almost the same time despite time differences. Another emerging trend is the immersion programmes. Here there is an exchange of students from different cultural background with foreign business schools to develop cross- cultural, global mindsets. Simulation exercises and gaming technology are also emerging as tools for teaching various subjects such as principles of competitive strategy and so on.The world is an interdependent one and corporations are increasingly reaching out to the various geographies in the physical and online spaces. Management education cannot isolate itself from this global outlook particularly when the industry is a global one as well. There is a need to understand global businesses, global brands and the global market. That is possible by bringing in foreign students into the programmes and the global outlook into the curriculum so that students can get a view which is not parochial and are able to compete in the global market.One of the biggest challenges we face is to make this country a global hub of education. The government has to create a scholarship centre which is more student-centric, which has a more global outlook and that involves the stakeholders. At the moment the regulations do not encourage innovations and are not forward looking. In this age of innovation, these structures have got to be demolished and a new model institution can be created which could innovate and reach out to the world marketGlobalization has created a league of business schools that have the capacity to build a knowledge base which can benefit any community in the world. In a way globalization and technology combined together have led towards the democratization of knowledge where all people are contributing to knowledge. Management education cannot be restricted to relying on only one kind of company or industry to answer to the needs of the industry for skilled workers
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