Background
Economic liberalization, de-regulation, and privatization policies of the Govt. of India have led to dismantling of barriers, global trade and capital flow, internationalization of production process, and cross-border mergers and takeovers. Today’s corporate managers have to work in this gobalized environment with entirely new competitive landscape. In order to meet demands of the dynamic business environment, managers need to possess appropriate skills and capabilities for developing competitive strategies. Management education, therefore, can not afford to remain insensitive to changes in the role the managers have to play. The focus of the management education should largely be on producing managers for a globalized economy and generating tailor made packages for meeting the pre-requisites of survival in the ultra-dynamic competitive environment.