TEACHING METHODOLOGY OF MBA COLLEGES AND BUSINESS SCHOOLS

Dr. Ramesh T.1 & Mrs. R. Florence Bharathi 2 Assistant Professor1 & Lecturer2, Department of Management Studies, Muthayammal Engineering College, Rasipuram 637 408.

TEACHING METHODS FOR MBA COLLEGES AND BUSINESS SCHOOLS ABSTRACT The modern education system in higher education has opened up new vistas of teaching methodology and pedagogy for the teachers. No restrictions on the teacher to follow a particular method to impart the required knowledge and skills to the students. In India the usual method of teaching in higher education is lecturing method. But now-adays the students prefer the teachers who are all following both lecturing and non lecturing methods of teaching to make them understand the concepts in a clear way. This article attempts to list out the non-lecturing methods widely used in the academic circles. INTRODUCTION Non-lecturing is also one of the modern techniques used to inculcate the real Internalization of the character and situation. Stepping in to one's shoes and acting like that will not come easily. But, this role-play method triggers you to act as such in the situation and like the person. The sales training skills are taught in that manner. STRUCTURAL LAYOUT OF THE MBA COLLEGES IN INDIA mecIt was when the economic reforms of the country were undertaken in early 1990s that ushered in the MNC culture, that the need for well educated managerial personnel was felt. This provided the impetus for the setting up of the MBA colleges in India. This could not have been possible for the government to set up these colleges on such a big scale and especially when it was encouraging the private sector to come forward on many other fronts. What emerged was a set up of three types of the MBA colleges.

First Type The first type is of those colleges which are set up by the Universities under the aegis of the UGC. These are the only colleges which can offer the Masters degree in management. Hence, ideally, so far as the nomenclature is concerned it is these institutions which can offer the MBA degree. The students who aim to get a degree prefer to seek MBA admissions in these colleges. Second Type The second types of colleges of MBA in India are the ones which are run by the private sector and are not under the control of the Universities. These are run directly by the private players and their functioning is streamlined as per the norms of AICTE. These are not allowed to call their award a Masters Degree. Therefore, these offer the Diplomas. Third Type The third type of MBA College is the one that is run by the private player without any sort of control. These are the ones which are not allowed to offer the degrees or diplomas and use the different other names. Having elaborated on the different types of MBA colleges in India, it is important to note that people usually get secure careers by opting for the first two only. Seeking MBA admissions in the third category of the colleges in considered a risky investment. For the government or semi-government job positions, it is the post-grads from either of the first two institutes which are eligible to apply for the job vacancies. The UGC regularly brings out the list of institutes which are not recognized by it and cautions the candidates from seeking admissions in these ones. It is interesting to note that the top MBA colleges in India, of the IIM fame, offer the diplomas only. For the candidates willing to do MBA, the first choice is naturally the top MBA colleges that are reputed. However, intense competition for those institutes might force many of them to seek admissions in many other institutes. Which one is the top MBA College and which one is not, is dependent on many criteria. The most simplistic benchmark to judge the same is to find out how much salaries are commanded by the post-grads from these institutes. The other important criteria could be the extent of placements, the faculty, the infrastructure and even the teaching methodology. Besides seeking the admissions in the regular MBA colleges, the candidates can also opt for pursuing the MBA with distance education learning. This entry was posted in Education, MBA, MBA Delhi and tagged CFA, MBA, MBA admissions, MBA Colleges, MBA Finance, MBA in India, MBA institute, top MBA colleges. Bookmark the perm link.

TEACHING METHODS OF MBA COLLEGES AND BUSINESS STUDIES Anything other than full length lecturing, appropriate methods relevant to the concept can be decided by the faculty to make the participants understand and learn once and all. Lectures and discussions Most teaching takes the form of structured lectures and case discussions, sometimes in conjunction with tutorials or workshops. Lectures frequently incorporate case analysis and discussions. We expect you to use your pre-MBA work experience to contribute to class discussion, to learn from others and to help them learn from you. Depending on the aims of the individual course, teaching methods may also include: computer and other simulations role-playing or video learning field visits (i) Case Study Method This is one of the oldest practices from Harvard school. All the management students learn the practical business situations from the various business case studies of all the global companies. In India in top Indian Institute of Management (IIM) on an average 2000 cases are being discussed and analyzed in the classroom. This gives the clear knowledge about the Business tactics needed when the student goes to the field. (ii) Lecture Method The professor simply stands in front of the class and does the majority of the talking. This method is self reported as being used in the majority of the teaching at only two schools: Carnegie Mellon GSIA and the Yale School of Management. Proponents of the lecture method point out those business school case studies do not present a realistic picture of a "real world" case study. Hence, they argue, MBA programs should stick to their traditional strengths of teaching the theories and concepts that students can apply when they re-enter the work force. They also point out the very limited opportunities for students to gain the theory and concepts explanations in the business sector. (iii) Experiential Learning Experiential learning involves the application of theory to a real-world business problem. Proponents of this approach believe that it gives the students a "nuts and bolts" training approach to management as well as invaluable networking amongst the management of the company where they are applying their knowledge.

(iv)Team projects A project team is a team whose members usually belong to different groups, functions and are assigned to activities for the same project. A team can be divided into sub-teams according to need. Usually project teams are only used for a defined period of time. They are disbanded after the project is deemed complete. Due to the nature of the specific formation and disbandment, project teams are usually in organizations. A team is defined as an interdependent collection of individuals who work together towards a common goal and who share responsibility for specific outcomes of their organisations. An additional requirement to the original definition is that the team is identified as such by those within and outside of the team. As project teams work on specific projects, the first requirement is usually met. In the early stages of a project, the project team may not be recognised as a team, leading to some confusion within the organisation. The central characteristic of project teams in modern organisations is the autonomy and flexibility availed in the process or method undertaken to meet their goals. (v) Simulation games Simulation is the imitation of some real thing, state of affairs, or process. The act of simulating something generally entails representing certain key characteristics or behaviours of a selected physical or abstract system. Simulation is used in many contexts, such as simulation of technology for performance optimization, safety engineering, testing, training, education, and video games. Training simulators include flight simulators for training aircraft pilots in order to provide them with a lifelike experience. Simulation is also used for scientific modeling of natural systems or human systems in order to gain insight into their functioning. Simulation can be used to show the eventual real effects of alternative conditions and courses of action. Simulation is also used when the real system cannot be engaged, because it may not be accessible, or it may be dangerous or unacceptable to engage, or it is being designed but not yet built, or it may simply not exist. (vi) Role-plays This is also one of the modern techniques used to inculcate the real Internalization of the character and situation. Stepping in to one's shoes and acting like that will not come easily. But, this role-play method triggers you to act as such in the situation and like the person. The sales training skills are taught in that manner. (vii) Management Games Games are always fun and exciting for all irrespective of age. The students will learn the concept and theory by funny way. The Games the participants play with interest and zeal. Normal lecturing method bores the students, the games help them to get away from

the routine. When playing with vigour and zeal they will learn. But, here there is a risk, Students may miss the wood for trees. So the teacher has to complete by linking the purpose of the game and the concept derived out of it. The involvement from the participants is cent per cent. The games may be played indoor and outdoor. Varieties of games are available from ice breaking to risk taking. (viii) Quiz Quiz is one of the techniques used to test the student's involvement and excitement in winning prizes. After Kaun Baneka Crorepathy students are overwhelmed to contest in quiz. In the market computerized Quiz packages available with count-down timings. Usually 2-4 members are made as a group; collective decision making skills are also injected. (ix) Dummy money To Measure the risk taking ability of the students dummy currencies are given to them. They invest as real money in stocks, commodities and the like, at the end of the game the real risk taking ability of the participant is measured. In some Institutions real money is also given by getting sponsor from corporate. (x) Films One of the Powerful tools is film. First the film is shown to the Participants. The teacher may ask the participants, what they have seen. Then the teacher can explain the concepts with the films message. For various management concepts various films are available to teach. It is the simplest way to impart. The film Lagoon is widely used to teach various management concepts like team work, managing crisis, facing challenges and the like. (xi) Audio-visual This Audio-visual method is used extensively in classrooms for the lower level to higher-level courses. Audio alone also can be used separately. This practice keeps the audience in live wire throughout the sessions.

Teaching Methods in the top Business Schools in Countries Abroad Rank Business School 1 2 3 4 5 6 7 8 9 10 Case Experiential Lecture Simulations Other Study Learning U. of Pennsylvania (Wharton) 55% 30% 15% Northwestern (Kellogg) 33% 33% 34% Harvard 80% 15% 5% MIT (Sloan) 45% 30% 10% 15% Duke (Fuqua) 40% 45% 15% Michigan 40% 40% 20% Columbia 40% 40% 20% Cornell (Johnson) 40% 25% 35% Virginia (Darden) 70% 15% 5% 10% Chicago 25% 50% 5% 20%

Conclusion In lecturing a participant concentrates on the speaker for a shorter period. It is a one-way track. But, when we invoke other methods there is involvement and interest. Once, it is very exciting, the percentage of understanding the subject is sure. That's why in the modern education methods they are stressing the need to follow the non-lecturing methods to make a great impact on the minds of the participants.