Today, B-schools take numerous initiatives to bring their students the best global business practices and multicultural education. These include building long-term partnerships with internationally renowned institutions, offering global management programs, and bringing academic rigor to internationally benchmarked curricula.
The business world is characterized by uncertainty, complexity and dynamic environmental conditions. Today, this ambiguity surrounding business decisions is pronounced by many folds because of the complexities associated with organizations, employees, work, and global lives.
In such a scenario, business schools (B-schools) serve as the first peek into this world full of unexpected changes for MBA students and aspiring business professionals. When these students enter B-school, their vision is often limited by their familiar world and personal experience. In B-schools, students, for the first time, have the opportunity to expand their worldview, to challenge themselves, to get out of their comfort zone, to work in an obscure world with multiple possibilities, and to face constantly changing realities.
In today’s global world, a holistic development of students’ abilities, skills and personality is impossible without a rich global exposure that gives them accurate knowledge of global business practice and keen intercultural sensitivity.
Today, B-schools take numerous initiatives to bring their students the best global business practices and multicultural education. These include building long-term partnerships with internationally renowned institutions, offering global management programs, and bringing academic rigor to internationally benchmarked curricula. Most importantly, B-Schools strives to immerse students in world-class business practices and diverse cultures through international internships, short-term projects, student exchanges, and immersion programs.
A. Recognition of global business education
Recognition is a rigorous peer-review of processes involving teaching, learning, curriculum design, employability, student alumni relationships, industry interaction, and all other aspects of the educational institution. Recognitions of some of the most famous and enticing global business education are AACSB (Association to Advanced Collegiate School of Business), EQUIS (The European Quality Improvement System) and AMBA (Association of MBAs). In the process of accreditation, the institute / university submits a detailed report to the accreditation body with details of its policy, process, current status of its programs and long term plan. A panel of accreditation bodies then interviewed faculty, staff, students, alumni and corporate employers on site. These are reliable quality indicators that ensure potential students and the public that B-School provides consistently quality education and services.
B. Global MBA Program and Institutional Partnerships
Today, different business schools offer MBA programs in dual or multiple countries where students complete different parts of their program in different countries. Numerous B-schools invest in building multiple campuses or forming strategic alliances with institutions to provide students with a worldwide business practice and knowledge of multicultural education in a single course.
C. Faculty group development by global standards
Faculty recruitment on a permanent and visiting basis is not limited to local faculties. Business schools are at the forefront of promoting cultural and academic diversity in their faculty bodies. Business schools around the world, including India, try to attract faculty graduating from renowned foreign institutes and universities. At the same time, they invest heavily in preparing PhD students and fellow management scholars with equivalent training and education from world-renowned management institutes. In addition, reputable management institutes support their existing faculties through development funding and infrastructure so that their teaching and research capacity grows in line with world standards.
D. International Exchange and Immersion Program
Student exchange and immersion programs are a classic route for institutions that provide students with a multicultural challenge and an introductory taste for learning in business and personal life. Most business education programs today have an integral part of international immersion and are gaining increasing popularity in undergraduate programs as well.
IMT Ghaziabad (IMTG) is one of the premier, AACSB recognized, Indian institutes that realizes the essence of integrating global exposure with curriculum and establishes an international relations center focusing on partnering with reputed international institutes. In the last 15 years, the Institute has built and nurtured relationships with more than 50 organizations around the world. IMTG is proud to have a fruitful relationship with Syracuse University, Kedge Business School, Granoble Encole de Management, Aston University, Charles Darwin University.
IMTG has integrated international immersion as an integral part of all its full-time and executive MBA programs. IMTG runs a unique program called PGDM (Dual Country Program) where students spend one year at IMT Ghaziabad and another year at IMT Dubai campus. Across the program, our students are encouraged to enroll for the certificate program and to take advantage of exchange opportunities from institutes around the world, such as eCornell, Kedge, IESEG, etc.
In the last 15 years, more than 1000 IMT students have studied at various international partner institutions in Europe, America and other parts of the world. We have hosted a large number of international students from our partner institutes through various exchange programs. To further enhance on-campus learning, IMTG regularly invites international faculty members who come, communicate and teach our students. At the same time, our faculties travel, teach, and actively engage in research activities with partner institutes in various faculty exchange programs.
In the coming years, IMTG plans to take internationalization to a different level by exploring more ways. Dual certificate and degree programs, internships and collaborative projects with companies abroad.
With the proliferation of the Internet and online learning, world-class content is available to students almost for free. So the measure of learning experience and educational engagement is no longer at the national level, but at the international level. The difference comes in the integration of global exposure with the curriculum in the chaotic place of business education in India where different IIMs and IITs and almost equal number of good private institutions provide high quality business education. There is no shortage of talent in our country; They deserve the best of tomorrow’s world leaders, and in this context, we have come to the conclusion that ‘this is not a necessity and a choice.’
Written by Prof. Garima Saxena and Prof. Ram Mohan Dhara