Mahendra K P atidar / PGDM BIF / IPE HYD/ 091604 86 684 1 Do we really need B-Schools??? I was born in an era, where education is not as expensive and competitive as today. But today the things are changed. All education providers are diverted from their principle duties, which I think that they should do. The only purpose behind today’s education is making money, as maximum as you can. I think this is the only profession which completely converted from service to Business. The only reason behind is that there is no regulator to control the education which may play an important role to deliver qualityeducation. The Education Ministry is also not in the right mindset which can purify the real value of education and deliver a better quality education at appropriate cost. By watching dramatic changes in management education, the question that pops up in mind is Do we really need B-Schools? What should be the basic purpose of any B-School? Are they playing their roles properly? Or don’t we need B-Schools at all? I think that B- Schools should be more than the classroom experiences. It should be the realization ofthe true picture of your imagination. It should be a place to cultivate your thinking strategies, command over out of the box areas and thought construction process. Astudent from any prestigious B-School should be able to plan the ideas, programme the idea and project the idea in the real world. According to me “ Education should not be a source of making money but it should be a mechanism for learning to serve the society ”. This is what I believe and I think it is true in every aspect of life. It is not a business at all. It is a way to serve the society bytransferring the knowledge from one person to another. A good idea is not enough. You need to know how to transform a good idea into a good business and the way oftransforming the ideas in to the business should be searched at B-Schools. And hence I don’t think that there is a necessity of B-Schools to some extent and if it is there, then they should play their role properly. The best-known B-Schools in the field don’t actually profess the ability to create entrepreneurs; rather they want to nurture their innate ability. B-Schools need to play a catalytic role and should provide experience along with content and knowledge. Todaythings are changing rapidly and hence businesses today are far more dynamic than theyused to be. Management schools are trying to keep themselves abreast of the latest happenings in the corporate world and bring out better leaders and managers. Theyshould be aware of “what industries need”. But management graduates need to understand that the I-know-management approach won't work in the real world. The only true knowledge lies in knowing that you know nothing. There is always room for
