Aspects and Impacts of Proper Management Education
Management education provides great value to the society and the symbolic relationship of business with the society is well known to everyone. In addition to individual and organizational contributions, proper management education makes incredible amount of contributions for the betterment of the society.
These contributions are such that they have a significant number of positive impacts on society. Management education has helped in revitalization and has boosted economic development in society by involving numerous students, faculty and other resources in resolving the real-world problems.
This form of societal development best exemplifies the connection between management education, management research and society. To elaborate the fact we will take an example of Michael Porter of Harvard Business School, who has conducted research on business opportunities in the inside of the city; and his activities have eventually led to a nonprofit organization, the Initiative for a Competitive Inner City.
According to Porter’s premise it became evident that No matter what amount of social intervention we are engaged in, irrespective of any kind of philanthropy or charity that is there, communities can’t ever be made healthy unless the economy is working well.
Proper Management education always produces individuals and makes way to a research that fuels the economic growth of communities and takes society to new horizons of success.
Many students also work directly with individuals to implement local business projects as part of their business school experience. These projects often have significant societal benefits, especially since the collaboration and involvement of students extends to communities in different parts of the world across the globe.
Such projects are incredibly diverse in nature as they are spread all across the globe and there diversification is obvious due to belonging to different cultures, region, religion etc. Thus management education Unifies and strengthens the interpersonal relationships all across the globe.
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