Title: Value creation in Indian business schools in the changing environment: a theoretical perspective

Authors: Rajiv R. Thakur, B.S. Sahay

Addresses: Institute of Management Technology, Ghaziabad, India. ' Management Development Institute, Gurgaon, India

Abstract: Environment in which Indian business schools operate has been in flux. Dynamic changes brought about by economic globalisation, new knowledge environment, technological influences and others have redefined the expectation levels of their stakeholder and, thereby, have challenged the future relevance of business school. This paper, first, focuses on understanding these challenges and identifies the key drivers influencing business schools. With the understanding of the different perspectives on value creation, the paper brings forth suggestions for value creation contributing towards stakeholder|s expectations and better quality management.

Keywords: value creation; management education; PEST analysis; political economic social technological; quality management; resource-based approach; value-based approach; business schools; India; higher education; universities; economic globalisation; knowledge environments; student needs; stakeholder expectations; emerging markets.

DOI: 10.1504/IJBEM.2010.031686

International Journal of Business and Emerging Markets, 2010 Vol.2 No.2, pp.113 - 130

Available online: 18 Feb 2010 *

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