Shanti Business School has been set up by The Chiripal Charitable Trust to bring about the much needed changes in Management education today. The Chiripal Charitable Trust is a Corporate Citizenship initiative of the Rs 2500 crore Chiripal Group of Companies which have interests in Textile, Petrochemicals, Packaging, and Infrastructure.
Changes are much needed in Management Education today. In most cases, Business Management education has primarily focused on putting up ‘MBA’ tag to people with little emphasis on developing real managerial skills to make the graduates employable. Many studies including a NASSCOM-McKinsey study conducted in 2005 and a MeritTrac study conducted in 2009 found that less than 25% of the MBAs passing out from MBA schools in the country were employable. Many fear that the actual employability in 2011 and onwards could be much lower. Lack of real development of managerial skills and abilities along with a seemingly over supply of MBAs have led to situations where MBAs are employed in jobs which could go to any graduates.
Change is also needed in curriculum. Worldwide, MBA curricula are being designed dynamically as evolving coursework to align with the rapid changes in global economy, business and society. Through extremely fast changes in the business environment, new functional, cross-function and business verticals have been evolving which require MBAs to be vertically specialized along with having general management and strategic management skills.
The promoters of The Chiripal Charitable Trust want to harbinger the much required changes in Management education in the country. This strategic intention has led to the creation of Shanti Business School. The creation of Shanti Business School is based upon Chiripal Charitable Trust’s B-C-D philosophy.