IMPORTANCE OF BUSINESS EDUCATION

The increasing popularity and acceptance of business education as an effective, efficient educational medium create both an opportunity and a threat for a college of business. An extensive body of literature confirms the probable future success of business education and generally supports the educational value of the medium. The concept “business education” is made up of two overlapping sets: Business, and Education. First of all, education does not only mean schooling. Even though many would agree that schooling is essential, yet education is a much wider concept embracing formal and informal methods of learning, traditional and non-traditional teaching processes, self-learning (through various media such as books, TV, Internet etc). Thus, it is doubtful whether anyone can argue against the importance of education. Some may argue against formal education processes. The alternatives, however, have not provided mainstream solutions. Therefore, even on this issue, one has to recognize its importance. Business education is only a subset of education as a whole. Therefore, the question could be re-formulated into: Should one learn about business? Considering that business education includes all management-related subjects, not to mention quite a few self development topics, the answer should again be self-evident. Mostly, best MBA colleges in Indore have developed (or are developing) strong business education in this sectors.

The author of this article is Asst Professor, Pioneer institute of Professional Studies Indore