ABSTRACT
This chapter is about the promise of management education in India and its journey into the future. To understand what has happened to management education, one has to recall briefly the evolution of industries in India and their different managerial systems and styles. The coming of the Institutes of Management (IIM) in 1961 in Calcutta and at Ahmedabad in the same year with their contrasting circumstances, styles, and cultures announced the beginning of a new era in industrial management. The Indian School of Business (ISB) started to seek students with work experience, something that has always been debated at an IIM but never received support internally. Institutions provided training on advances in mainstream business and industry and focused on the management of under-managed sectors quite early in their history. The big opportunities will lie at the intersection of design, management, and technology and through entrepreneurial ventures.
