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Towards sustainability: required competencies of management graduates

Kar S., Lillian M. J.

Organizacja i Zarządzanie : kwartalnik naukowy

2018

nr 4

93--105

India is transiting to a knowledge society where the goal of business is changing. In this knowledge era business houses are concentrating on people, planet and profit that lead the path towards prosperity, sustainability. Sustainability is developing prosperity, without compromising the life of future generations. There are three pillars of sustainability: social, environmental, and economical. Today companies are integrating ideas of sustainability in their core functions to have business success. With see changes in the country’s economy new models of business is coming up. Companies are setting up that are more resilient and thrives in the long term. In a true sense a sustainable business model is a more accepted model in today’s business place that generates profit while improving societal and environmental conditions. This has given room for many new opportunities which in turn has given way to the fresh graduates to be more productive and contribute for the development of the organization as well as the nation. To meet the goals of sustainability and sustainable business there are many challenges the management graduates particularly needs to face. The development of a country is directly connected with quality education. The education system in India has to undergo a lot of reformation to produce competent students to match the requirements to drive sustainable development. Existing courses in Management Education needs to be more realistic to realize the needs of sustainability. Currently the success factor of Universities and Colleges is to produce graduates not just with the degree but in addition to it to produce competent prospective candidates for employment or entrepreneurs who can conduct themselves productively and efficiently in the dynamic economy and bring social change. This paper reports a literature-based analysis of the coverage of the competencies required for considering sustainability aspects for management graduates. The study aims to specify the required competencies for management students to become managers with regards to sustainability, and to provide guidance on how to close the competency gap.