Today, b-schools undertake many initiatives to provide their students with the best global business practices and multicultural learning. These include creating long-term partnerships with internationally renowned institutes, offering global management programs and bringing academic rigor with an internationally recognized curriculum.
The business world is characterized by uncertainties, complexities and dynamic environmental conditions. Today, this ambiguity surrounding business decisions is accentuated by many folds, as organizations, employees, work and life in the world are intertwined.
In such a scenario, business schools (b-schools) are the first glimpse of this world full of unpredictable changes for MBA students and aspiring careers. When these students enter high school, their vision is often limited by their familiar world and personal experiences. In b-schools, students have for the first time the opportunity to broaden their vision of the world, to question themselves, to get out of their comfort zone, to learn to function in an ambiguous world with multiple possibilities. and deal with constantly changing realities.
In today’s globalized world, such a holistic development of students’ abilities, skills and personalities is impossible without a rich global exposure which provides them with a solid knowledge of global business practices and an acute intercultural sensitivity.
Today, b-schools undertake many initiatives to provide their students with the best global business practices and multicultural learning. These include creating long-term partnerships with internationally renowned institutes, offering global management programs and bringing academic rigor with an internationally recognized curriculum. Most importantly, b-schools strive to provide students with first-hand experience of global business practices and to immerse themselves in different cultures through international internships, short-term projects, student exchanges and programs. immersion.
A. Global accreditations for business education
Accreditations are a rigorous peer review of the processes involved in teaching, learning, curriculum design, employability, alumni relationships, interactions with industry and all others. aspects of educational institutions. The Association to Advance Collegiate School of Business (AACSB), EQUIS (The European Quality Improvement System) and AMBA (Association of MBAs) are some of the world’s most renowned and coveted accreditations. The accreditation process involves the institute / university submitting a detailed report to the accreditation body detailing its policies, processes, current status of its programs and outlining its long-term plans. This is followed by on-site interviews with faculty, staff, students, alumni and corporate employers by a panel of the accreditation body. These are reliable quality indicators that assure future students and the public that the secondary school under consideration consistently provides quality education and service.
B. Global MBA Programs and Institutional Partnerships
Today, various business schools offer MBA programs in two or more countries where students complete different parts of their program in different countries. Many b-schools invest in the development of multiple campuses or form strategic alliances with institutes to provide students with knowledge of global business practices and multicultural learning in a single course.
C. Development of the faculty group to global standards
The recruitment of faculty on both a permanent and guest basis is not limited to the local faculty available. Business schools have been at the forefront of encouraging cultural and academic diversity within their faculty. Business schools all over the world, including India, strive to attract graduate professors from prominent foreign institutes and universities. At the same time, they are investing deeply to prepare doctoral students and management fellows with training and education comparable to reputable management institutes around the world. In addition, reputable management institutes support their existing faculty through development and infrastructure funds to upgrade their teaching and research capabilities to par with global standards.
D. International exchange and immersion programs
Student exchange and immersion programs have been the classic route used by institutes to provide students with a taste of challenges and multicultural learning in professional and personal life. Most business training programs today have an integral component of international immersion, and it is also gaining more and more popularity in undergraduate programs.
IMT Ghaziabad (IMTG) is one of those early Indian institutes accredited by AACSB that early on realized the essence of incorporating global exposure into the program and established an international relations center focused on developing partnerships with renowned international institutes. Over the past 15 years, the institute has developed and maintained relationships with more than 50 such institutes around the world. IMTG is proud to have successful relationships with Syracuse University, Kedge Business School, Granoble Encole of Management, Aston University, Charles Darwin University to name a few.
IMTG has integrated international immersion as an essential component of all of its full-time and executive MBA programs. IMTG operates a unique program, called PGDM (Dual Country Program), in which students spend one year at IMT Ghaziabad and another year at the IMT Dubai campus. Our students from all programs are encouraged to enroll in certificate programs and take advantage of exchange opportunities from institutes around the world including eCornell, Kedge, IESEG, etc.
Over the past 15 years, more than 1000 IMT students have studied at different international partner institutes in Europe, America and other parts of the world. We have also welcomed a good number of international students from our partner institutes through various exchange programs. To further enhance learning on campus, IMTG regularly invites international faculties to come, interact and teach our students. At the same time, our faculties travel, teach and actively participate in research programs with partner institutes in various faculty exchange programs.
In the coming years, IMTG plans to take internationalization to a different level by further exploring avenues. double certificate and diploma programs, internships in companies abroad and collaborative projects.
With the proliferation of the Internet and online education, world-class content is available almost free to students. Therefore, the benchmark of learning experience and teaching engagement is no longer at the national level but at the international level. In the crowded business training space in India, where more than various IIMs and IITs and almost an equal number of good private institutes provide high quality business training, the differentiation comes from integrating global exposure into the curriculum. . Talents are not lacking in our country; they deserve the best to be the world leaders of tomorrow and in this context we conclude by emphasizing âit is a necessity and not a choiceâ.
By Professor Garima Saxena and Professor Ram Mohan Dhara