issues and solve managerial problems. The models used can often berepresented mathematically, but sometimes computer-based, visual or
verbal representations are used as well or instead. The range of problems
and issues to which management science has contributed insights and
solutions is vast. It includes, deciding the appropriate place to site new
facilities such as a warehouse or factory, identifying possible future
development paths for parts of the telecommunications industry,
establishing the information needs and appropriate systems to supply them
within the health service, and identifying and understanding the strategies
adopted by companies for their information systems.
In the modern economic scenario all over the world- "Management" - as astream of education and training has acquired new dimensions.
Management as a Decision Science is an exciting field where you can have
an immediate impact on the operations of any business. The field of
Management is dynamic in nature. New tools and techniques are
continually being introduced to improve the efficiency, productivity, and
profitability of any organization. All organizations and their departments,
functions, or groups use Management methodologies, which include
problem solving techniques and guidelines for various related activities.ObjectivesThe main objectives of this paper are1.
to examine the present status of management education and to findout ways for quality improvements in the current system so that
business responds to current paradigm shifts and global dynamics.schools to improve the quality of teaching and learning models.2.
MethodologyThe methodology used was secondary data sources and survey of literatureavailable on the internet, journals, newspapers and the proceedings of the
Annual Conventions conducted by AMDISA, South Asian Management
Forum, AIMS, IAMD and ICUBER. This gave a broad overview of what has
been happening in the areas of management education in different business