CHAPTER 1

The New Paradigm

A Competency Model for Management Education

Radha R. Sharma

The cascading effect of globalization in the form of changing business environment, economic uncertainties, and economic meltdown have brought about plethora of unprecedented challenges for industry and organizations across the globe in recent years. Management education which prepares human capital for the jobs in the industry and organizations is expected to address these challenges along with intensifying competition, advancing technology, increasing workforce diversity and accelerating complexity. But the current management education is largely based on traditional capitalism where the focus tends towards profits and competitiveness rather than on a balance ...

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