| | 8 December 2016HIGHERReviewThe Earlierthe BetterStartAreWeGlobalization is a reality and we live in a glob-al village. The national context is relevant and necessary to keep us rooted and create an identity while we explore alternate ways of thinking and doing as part of the internationalization process. There is a huge merit in understanding and ap-preciating diversity through education and experiences. Many foreign universities have already started function-ing and many are in the pipeline to establish their centers in India. This will be good for students, as they will have more choice at every stage of their educational life.For-eign competition is also good for incumbent universities and institutions as they will be forced to innovate, adapt and improve to be relevant and avoid obsolescence. The increasing demand for high quality faculty members will create a bigger market for researchers and academics.Every professional wants to improve continuously by acquiring knowledge and upgrading skills. This is no dif-ferent for academics irrespective of the institutions they are working. The institutional environment, initiatives, priorities and rewards system play a role in defining the importance given by academics to different activities which typically involves research, teaching, training, consulting and service. Many institutions are essentially teaching schools so one should not expect research out-put in the form of publications from faculty members. These institutions should excel in teaching. Others who encourage research should enhance their visibility by pub-lishing in top international journals. Leading institutions have to maintain a balance between teaching and research for financial as well as operational reasons. Internationalization is also a two way street ­ global institutions setting up operations to tap the market for students in India as well as leading Indian institutions set-ting up campuses abroad. While the entry of global insti-IN MY VIEWBy Prof. G. Shainesh, Dean - Administration, Indian Institute of Management BangaloreProfessor Shainesh has over two decades of research and teaching experience in India and abroad. He has conducted research and teaching assignments at the Goteborg University (Sweden), University of St. Gallen (Switzerland), Audencia Nantes and IESEG (France), Vienna University and MCI Innsbruck (Austria), Bocconi University (Milan), Curtin University of Technology (Perth), and the American University of Armenia (Yerevan).Dr. S. V. Kota Reddy, Academic Presidenttutions occupies a lot of media space, the opportunity to attract international students to study in India or overseas campuses is underplayed. Leading Indian institutions have already started benchmarking themselves by participating in international accreditation systems like EQUIS, AACSB and rankings such as Eduniversal Rankings, QS Global 200 Business Schools Report, Financial Times FT 100 Global MBA and so on.
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