Admission Helpline: +91 9899-569-090
Apply Now

The Impact of Globalization on Management Education from The Best Placement College for PGDM in Greater Noida

The concept of globalization is not new. It has a long history. Globalization can be defined as the process of worldwide integration that results from the exchange of world views, products, ideas, and other aspects of culture for money or something else in exchange. Globalization is a process that fosters global exchanges of national as well as cultural resources and crafts. Globalization is accelerating in most the world's developing countries, and advances in transportation and telecommunications infrastructure, including the rise of the Internet, are major key factors supporting the growth of the globalization culture, resulting in increased interdependence of economic and cultural activities.

The concept of globalization is simple, for example, if a farmer has a great orange production. His oranges are extremely juicy, red, delicious, and large. He understands that selling these in the local market would earn him a fair amount of money but selling his product in the international market would earn him considerably more money. So, the farmer would clearly go for better pricing and sell it in the international market somewhere where the yield of oranges is less. This is just a simple example of globalization.

Impact of Globalization on Management Education:

Globalization on Management Education =

Globalization is having a significant impact on the world; it is fundamentally altering our way of life and the way we continue to do business. Unfortunately, most management programs in India were created before to the 1991 economic liberalization. Except for a few appendages, the curriculum changed relatively little. Following economic liberalization, multinational corporations began to invest heavily in India, and Indian enterprises are progressively going global.

As a result of globalization and the entry of multinational corporations, there is a sense of urgency in the air; we must reconsider how we educate, impart management education, and assist our students in becoming job ready in an altogether new, dynamic, and uncertain world. Every challenge presents an opportunity; now is an excellent time to redefine our curriculum in order to prepare the next generation of business leaders to face the challenges of a global economy.

Knowledge resources are as important as traditional resources in this whole new equation, and technology has become all-encompassing, touching every aspect of business. This necessitates a paradigm shift in education, and professional management education must quickly adapt to this transition in our environment. This can be accomplished in two ways: First, modify knowledge-based curriculum, and then introduce skills-based curriculum.

Knowledge Based Curriculum:

The content of knowledge-based curriculum must be updated to meet changing needs; globalization components must be introduced into all five areas of management, including fundamental courses, core functional courses, inter-functional courses, integrated courses, and value addition courses. Depending on the needs of the institutions, we can develop these courses as modules or as full-fledged courses.

Skill Based Curriculum:

The placement groups, which include prospective employers, provide inputs and job/skill set requirements, helping business schools to move beyond knowledge-based programs and giving students with a global perspective. To fit and work in a multinational environment, students need global exposure such as working knowledge of foreign languages, sensitivity to cross-cultural connections, and exposure to best practices in the industrialized world. This requirement will be met through improving students' skills that are not provided by knowledge-based curriculum.

admission open for pgdm

Wrapping Up

Globalization is not a new topic in MBA or PGDM programs. Accurate Institute of Management and Technology (AIMT) Greater Noida has begun to include Globalization lessons and International Business as a Specialization in their curriculum, with certification program, Sboth knowledge and skill oriented. So, visit their website, complete the contact form, and learn more about their MBA/PGDM programs.

PGDM Article

Title: The Impact of Globalization on Management Education from The Best Placement College for PGDM in Greater Noida

Published Date: 10 February 2023

Type: PGDM Article

Tags: best pgdm college in greater Noida, Globalization, Management Education, Cross-cultural communication, Cultural awareness, Interdisciplinary approach, International business, The Best Placement College for PGDM, Global business challenges and opportunities.

Author Details

Accurate Group of Institutions

BBA, BCA, PGDM, MBA, MCA, B.TECH, B.ARCH, DIPLOMA IN POLYTECHNIC, B.PHARM, D.PHARM & B.COM (H)

Accurate Group of Institutions, Greater Noida One of The Top Institute in Greater Noida and Delhi/NCR
View More Detail
Image on sidebar
Campus Drive
Asian Paints
Asian Paints

  • 24 April 2024
Just dial Ltd
Just dial Ltd

  • 4 April 2024
Axis Bank
Axis Bank

  • 4 March 2024
ICICI BANK
ICICI BANK

  • 20 February 2024

Recent Placement

Surajit Jana
Surajit Jana

Satya Micro Capital Ltd

Mr. Akshit Singhal
Mr. Akshit Singhal

Wipro

Mr. Kumar Swaraj
Mr. Kumar Swaraj

Just Dial Ltd.

Ms. Anurudhi gaur
Ms. Anurudhi gaur

SoftAge