Why Do Business Schools Need To Remain Locally Relevant And Globally Wise In Present Times?

Alternative models of teaching, learning, virtual courses, and economic strains are just a few of the things turning the whole of the education sector into hyper-competitive space. There’s no doubt that business schools constantly face the challenging and complex dilemma when picking a path between local relevance and global recognition. But the question arises, how can PGDM colleges, or say, top MBA colleges in Hyderabad or any other prime city, maintain a competitive edge in the wake of uncertain post-study work opportunities, increasing online options, and weakening brands?

The solution lies in the overarching kinds of global engagement strategy, and the institutes, especially MBA colleges in Hyderabad, Pune, Bangalore, Mumbai, and Delhi, that use and implement them. Such colleges can rightly be categorized as innovators, adaptors, defenders, and challengers.

When looking at the market conditions, one cannot deny that business schools – whether PGDM colleges or MBA colleges in Hyderabad, Bangalore, Mumbai, or just any other top-ranking city, are in the midst of a situation that demands a need for demonstration of local as well as international relevance, be it through the programs they offer, pedagogy they follow, or the content they teach. This, in turn, paves the way to attract international faculty and students. And, possibly, more importantly, it gives students a chance to experience and witness global contexts. Mobility in today’s business world is a key requirement. Take for instance the approach followed by a premier institute like Vignana Jyothi Institute of Management (VJIM) – their academic focus not only remains on regular industry-academic interaction but also global perspective and collaborations for the purpose of internships, final placements, workshops, conference, and certifications.

The outcome is that students will get access to much more choice and consequently, much more “career advancement” along with a return for their investment. If there’s something extremely important that the institutions need to consider doing, it is to make internationalization core to their mission and ensure it is absorbed by all the students and colleagues. When colleges offering higher education will start looking upon their growth as a learning journey, they’ll understand the importance of building and striking a balance between localization and internationalization at the institute, every minute. This, perhaps, leaves no time for complacency for anyone!