What is Management Education?

Management education is generally imparted through MBA courses. There is very high demand for management students in business world today. They team up for meeting goals of business. Today the competition between different companies has grown up to an extent that they are going beyond their social responsibility and ethics for defeating their opponents. They demand those professionals who can benefit the company by any means. Due to these issues management education has been under criticism and scrutiny. Even the ranking criteria for business schools have been changed due to these issues. A new ranking of business schools which can provide “ethics and social responsibility to its management students effectively” is on the go. Management students may need management assignment writing help which can be found from BookMyEssay.

What are the Important Principles Which are Required in Management?

  • Authority and responsibility: Authority refers to the rights of a superior to give commands to his superior. Responsibility is the obligation of the work to be done.
  • Discipline: It is the respect to the command of the authority. Maintenance of proper conduct and healthy environment at the workplace and obedience of the rules and regulations is called discipline.
  • Initiative: When the employees are involved in the initiative of development of the company, there is a real growth of the company in a healthy way. The employees feel themselves as a part of the company and their ideas are really beneficial to the company. They take great interest in their work.
  • Social responsibility: Every business has a social responsibility towards the society. The society must be benefitted by the business in a novel way. Every business activity must not be affecting the humans in a harmful way.
  • Ethics: Business should be conducted according to certain principles. These principles are called ethics. It is the non-conduction of unfair means which may prove harmful for both the individual and the society.

How Management Education should be Changed?

The last two principles of management are very important in current perspective of management education. Every management school providing courses in MBA aims at working towards maximizing the short-term returns for the stockholders. Doing this violates the social responsibility and ethics which is the main responsibility of the business organizations. Earlier it was thought that anything should not be done which reduces the profits of the business concern.

Business schools are now concentrating on new concepts of development of ethical leaders. They are working on fitting social responsibility in the management curriculum. They want to align themselves with social and ethical factors which build a company’s image in society. These factors may be solving the environmental issues like pollution, global warming, ozone hole or social issues like population explosion, unemployment, women upliftment etc. Whenever a company takes responsibility towards society its image is represented as a good company who has concern towards repayment to the society. Society demands certain needs to be fulfilled by the big corporate houses.

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