The Impact of Management Education on Executive's Management Effectiveness

Abstract

At a time when many Western economies are grappling with the effects of older and, in some cases, shrinking workforces, the balance of global labour supply is shifting to emerging economies. The size of workforces in these economies is staggering, with both China and India’s individual workforces being larger than those of Europe, the United States and Japan Combined. India’s labour force is expected to grow by 31 percent over the next 20 years (2010-30). By 2050, India will have only 19 percent of its population above age 60, compared to 39 percent, 53 percent and 67 percent of populations above the age of 65 in the United States, Germany and Japan respectively (Accenture’s High-performance Workforce Study, “learning transformation,” Business today.) Having a large young population can be a great asset for India, provided it is able to take on the challenging task of educating and training the workforce of tomorrow to equip them to contribute to its growth story. Harnessing the demographic dividend through appropriate skill development efforts would provide an opportunity to achieve inclusion and productivity within the country and also address the gap in the global skill shortage. In this study, my main focus is on the relations between executives’ effectiveness and management education and training. In addition to this, I also verified executives’ effectiveness with reference to different demographic factors like Gender, Age, Education and Experience. In this research, it has been taken in to consideration that whether executives’ effectiveness affects organization’s profit, sales and turnover.