CHAPTER 2

The Contemporary Context of Management Education

Radha R. Sharma and Nakul Gupta

At present businesses and organizations are confronted with competition from within the industry as well as from unexpected quarters. The global meltdown has made the organizations cautious as the uncertainty has made the environment unpredictable and sometimes turbulent. The organization, to some extent, can sustain through adaptability as posited by Tom Austin, Vice President and Gartner fellow.1

“Work will become less routine, characterized by increased volatility, hyper-connectedness, ‘swarming’ and more.”

Change in the nature of work has been fueled by globalization, economic and social uncertainties, unpredictable business environment, workforce diversity, ...

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