Experts say that social capital building, peer-to-peer learning and physical classes are crucial for management education.
For emerging entrepreneurs, management organizations play an important role in developing business skills. With the transition to virtual platforms and online learning, many peer-learning and practical experiences have been lost. Education takes many forms and the social aspect is lost during the lockdown.
Professor Himanshu Rai, Director, IIM Indore, spoke about the evolution of management education, noting how the purpose of management education has grown over time, citing the 2008 economic crisis as a major turning point.
Prof. Rajesh Chakraborty, MDI, Gurgaon also mentioned that their work as an institution has a responsibility to be environmentally and socially conscious and also to meet the expectations of the students. Most students who pursue a management degree expect a placement at the end of their degree. This cannot be taken lightly, however, students need to be prepared for different career possibilities.
Dr Vishal Talwar, director of IMT Ghaziabad, noted that as a management company they want to “go beyond being seen as a person who can provide successful employment”.
Entrepreneurs need more nurturing than virtual platforms can provide. Commenting on the educational perspective, Dr. Bandana Sonwani, Director, SIOM Nasik, shared that although virtually a lot of skills can be created, “whole management education cannot be replaced by virtual education”.
Dr. Kishore Gopalakrishna Pillai, Dean Amrita School of Business, Coimbatore and Bangalore, Amrita Vishwa Vidyapeeth reiterated that developing peer-to-peer learning is crucial for students to develop social capital.
Dr. Madhu Chitkara, Pro-Chancellor of Chitkara University, commented that the next goal is to train faculty to manage the hybrid teaching setup.
Watch the full dialogue here: