Besides, giving students opportunities to innovate and become entrepreneurs, it is imperative for institutions to provide them the educational ecosystem to develop their whole-persona. Hence, coming out of traditional methods, an institute should emphasise on innovative or non-conventional methods in terms of curriculum and pedagogy delivery. Such initiatives will help build interest amongst students as well and will help them approach complex business topics with greater ease. Students need to be encouraged to apply theoretical learning, such as case studies, research methodologies, frameworks, etc, to solve real-life management problems.

Today’s highly competitive business environment has necessitated constant technical innovations, intense marketing efforts, etc, with an intent to capture more share of volume and profits across industry sectors; and, at every point, in every stage, the competition is getting more and more intense. In this volatile economic environment it has become essential to underscore the importance of ethical management practices and it is essential today that every management student should understand that one cannot achieve excellence, long-term success without integrity and ethics.

An alarming trend in today’s society is the increase in suicidal thinking, severe depression and rates of self-injury among young people. Some say it as the disease of modernity; now and then we hear people taking even extreme steps in life, unable to face failures, even small challenges. It has also become necessary for management institutes to teach their students coping mechanisms to overcome the stress and pressures of the competitive environment within the world of business. The fundamentals of management teach us – to become successful managers and how to manage people. However, to become successful leaders, one should first learn to ‘manage oneself’. If leaders are not able to manage themselves, they cannot manage others with empathy. Today’s management students need to learn to manage not only peer pressure, they also need to learn to manage their emotions, and most importantly, they need to learn to manage their lives with equanimity.

The corporate world and economic trends continue to change all the time. What is in practice today might become obsolete tomorrow. Hence, it is necessary for forward-thinking management institutions to continuously revamp and re-invent their curriculum as well as their organisations, to work towards an integral formation of the aspiring business leaders and also treat their very own employees well and help nurture their intellectual, emotional, spiritual and social persona to evolve as well rounded human beings furthering greater common good.