Importance of implementing modern practices in curriculum of business education

october 30, 2019

Rightly so, Education is the single most powerful tool that can change the fate of a nation. The Education system, must, therefore be developed and dynamic enough to incorporate the changes that happen in the environment. More so, the pedagogy and the strategies must change depending upon the demands of the employment industry. Mentioning the dynamicity of the business world in India, the ways of carrying out the business activities have changed tremendously especially since the introduction & implementation of multiple Economic Reforms like LPG (Liberalization, Privatization, Globalization), and more recent campaigns like Make In India, Digital India  The technological advancements have added to both the opportunities and the challenges in the Corporate Sector. It eventually becomes imperative for academic institutions to aim for successful inclusion of such practices in the curriculum of Business Education. The B-Schools must ensure to keep up with the pace at which the business environment is changing leading to a constructive movement of increasing the exposure & employability skills of the students. Notably, some institutes have identified the gap between the industry & the students and taken it on themselves to remove the same. Institutes like Lloyd Business School are pioneers in introducing the concept Industry-Integrated Curriculum wherein the curriculum for specialized subjects are not only made in tune with the suggestions provided by the experts from t Industry but also taught by Corporate Faculty. This practice adopted by Lloyd Business School sets a standard in terms of taking steps to stay dynamic in the academic arena so that the students receive the best knowledge & exposure with respect to changing business environment.