The Grey Shade of Management and Management Education

Abstract

Since the Government is talking about revamping the higher education structure in our country under the generic basket of New Education Policy (NEP), Management Education seems to provide the basic structural element towards the same. Moreover, the focus on the skill element in the ‘being implemented’ policy further accentuates the need and role of management education across various disciplines irrespective of whether already existing or thought off in the years to come depending upon the shape and character of the Indian Economy supposed to lead the world in a way where predictions are a bit difficult. The current situation is like ‘Amrit Manthan’ and this will take some time before things settle down to pave way for a clearer path to such an issue! But then, as it is well known across academic and industry peers, no other education is complete without management education. This is so because two important ingredients: resources and the environment, have no alternatives. They will remain forever and will keep playing a vital role towards maintaining what we intend to call ‘Grey’ shade of Management Education. This article covers some very basic issues that may help us understand the colour ‘Grey’, synonymous with the extensive coverage and maturity that we all envisage in our country of multiple colours. Moreover, it looks to some thoughts on the ‘Management’ field itself being grey!