Need for Management Education In Organizations
Understanding the fundamental relationships between business, environment and society has become in such a complex global marketplace. The roles and responsibilities of business as a global phenomenon have become more complex and vast. Concepts related
To social responsibilities and sustainability issues have been gaining recognition as necessary elements in management of business process.
The widely Increasing complexities and interdependence among various factors in business requires new approaches for carrying the same tasks. Companies now need comprehensive tools for management that help in forming the corporate strategy by combining environmental, social, and governance related concerns to form new and effective strategic thinking and daily operations.
Proper support is needed by companies as they integrate these issues internally into the core of businesses and engage in dialogue with stakeholders, and reporting their conduct. Talented and ethical leaders are required by firms who can not only plan effectively to achieve organizational goals and can fulfill legal obligations to the shareholders but who are also able to deal with the broad impact and potential of business as a positive and combining global force in society.
The meaningful and lasting changes in the operations of corporations toward social responsibilities and sustainability have to involve the institutions that act as drivers of business behavior, especially in academic sense as the academic institutions play important roles in shaping the attitudes and behavior of future business leaders through targeted business education, research and development programs, training, and other activities, such as spreading and advocacy of new values and ideas that can bring about the desired changes. Through such means, academic institutions can be said to have the potential to generate the wave of positive and good change.
Thus Educational Institutions have the huge role to play in shaping the future leaders that will ensure Flourish of not only the country, but the whole mankind.
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