EMPHASIZING THE MORALITY QUOTIENT – A MANAGEMENT EDUCATION IMPERATIVE FOR INDIA

Abstract

The new century has heralded the development of some new concepts the recent being the’ joy of giving’ week during September 26 - October 3. A welcome idea that certainly signifies that mankind is now perhaps moving towards the right direction. After centuries of progress of science and
technology the problems of mankind have remained as also the quest for that elusive happiness which seems to be the proverbial chimera. Management education also has now started looking inwards as it realizes that ‘good managers’ are getting lost in the management theory jungle. The largely American model of Management Education prevalent in India appears fail prone. Continuing bouts of recession, corruption, greed and selfishness time and again reiterate futility of courses like business ethics. In such a scenario ideas like’ joy of giving’ gives a glimmer of hope. There is more to management education than only serving the needs of the multinational organizations. A critical appraisal will reveal that Indian management schools have largely attempted the US based organizational, pedagogical, curricula, industry interface and academy research models. These neither serve the requirements of Indian conditions nor do they provide foolproof organizational models. The indices of prosperity are hardly meeting the ‘satisficing’ objective of growth for large majority even as we keep on harping about inclusive growth. The data dished out quoting statistics of growth can better be called as providing ‘statisfaction’ (statistical jugglery to create the feel good) without giving satisfaction to the large majority. It is time the Indian management education paradigm gave a thought for solving human problems at least in India. The answer lies not in Masters of Business Administration (MBA) but in Masters of Values Administration (MVA). The paper discusses how the management education can train MBAs on morality quotient.