Executive Education: The Need For An Overhaul In Management Development Programs

The business model of executive education is stressful, sub-optimal, and a load-laden loader needs urgent review as if it were a machine. This type of problem adds with the form under the current procedure.

The management executive education in india system looks to uncertainty: the business model is under pressure, and customer needs are changing at an increasingly rapid pace. The concept of executive education is adapted with multiple objectives, such as spreading knowledge to industry (with the idea that it should be applied) and learning younger teachers so that they can prepare themselves as excellent trainers for the coming times (not that they can not provide or add value to the industry, The link between the industry and academia and two others at a higher or higher level of accuracy.) The current status of executive education in India is not far from satisfactory, a preferred program for staff registration by institutions that see the value obtained in these programs. Most employees see most programs as rewards for good performance and access to institutions looking for leave. Most teachers join the classroom preparing to share experiences. They may have other ways to share their work and their wonderful innovations. Institutions are seeking value for money spent on such programs and institutions struggling to add value to the funds being awarded to such programs.

In short, the business model of executive education is being underestimated and overloaded, requiring urgent review as if it were a machine. This type of problem adds with the form under the current procedure. First, let us look at the positive aspects.

It is a donkey and it is designed to slog. That good news because a donkey doesn’t really expect too much and continues its daily rigmarole without much ado about anything. The executive education model gets so little attention of conceptualizing or planning in most institutions that its revenues end up being treated as easy money taking away credit from the hard work of the faculty and managers at the institution and the departments concerned at the corporate organizations. As the MBA executive education in india model itself comes without the undergraduate volumes attached to it, it is under stress for making ends meet and figuring out economies of scale to survive and continue to pay the salaries of the faculty and the staff, it is unable to take the stress for investment in "developing" an executive education model or business vertical. It ends up bring best championed by a passionate crusader mostly where personal gains are aligned with institutional gains thanks to a favorable income sharing formula. The stress never the less remains. Moreover, there are very few long-term contracts for executive education and this means you have a very high search cost for sourcing participants into the programs. This only makes a customized offering in the flash of time a near impossibility irrespective of the capability of the faculty. The good news is that being the donkey it is, it will continue to bring in much-needed money for the institutions and the same can be used to subsidize the cost of education for many programs offered to students. It, therefore, makes great Keynesian sense.

The executive education model is suboptimal because it contains too many objectives for the program rather than being merely for stakeholders. This means that it is common to confuse customization programs with a higher goal or result. This model serves many stakeholders with different goals and paths. It’s like public transport (read donkeys): it’s worth the experience but it’s still a favorite of its profitability. This is great because it is evaluated at the cost of by-products. It is also suboptimal because it is designed to function as a machine that produces and earns money as a microeconomic production theory without taking into account the demand side. Executive education has largely been deprived of its humanity by mobilizing creative genius in the usual frameworks, structures, tables and conferences. The model is not optimal for any of the stakeholders, and therefore, richer organizations have begun to graduate in other ways for the training management institutions.

They certainly need to be reviewed, but the chances of doing so are bleak as they continue and will continue to deliver funds to institutions and some cash training for executives. The teacher will rise above self-interest and present a mantra that will define life and become the teacher’s motto for some participants. The success story of this participant will be good enough to sell the program to many others, regardless of their need and suitability for it. It also reveals the absolute lack of good training opportunities offered by companies to their employees. The entire market is about to explode, and the potential of companies and the economy of India is locked in unproductive or less productive workers who are not assisted, even by such training programs.

It is time for groups of different interests to meet and sit down to talk to each other and discover a new paradigm to deliver executive education in a revolutionary way to the economy and business, a radical institution, staff and rejuvenating teaching staff concerned institutions rather than being meaningful to the organization, beneficial to the employee and helpful to the institution. It is time for India to create a high-quality experience, high satisfaction and embodiment in the short-term form of the 21st century. This is a climate that badly needs changes to reach its potential.

Hughes Global Education is the pioneer in providing the ‘Interactive Online Learning Platform’ for the working professionals to pursue an Online Executive Diploma/Certificate Programs.