This question is particularly important in the current scenario - industry needs for management talent has diversified and changed while the format of management education has remained the same for years except for a few changes here and there and some changes in the courses.
Different management institutes project themselves as producing leaders, futuristic managers, global managers, entrepreneurs, ethical leaders and so on. The reality seems to differ quiet substantially from many of these objectives.
Companies do not want students who are jack of all trades, who want to be CEO the moment they pass out MBA, students who are impatient in life, students who have not understood their own strengths and weaknesses, students who could not even figure out what kind of job they want and how well they would fit in after their MBA and students who have no knowledge to relate a price tag for themselves.
The other dimension is the plethora of entrance examinations. Many of them presuppose certain level of knowledge in mathematics even at the entry. It is no secret that management talent can be present in people with no knowledge in mathematics at all. Therefore, is there a way to create a level playing field where some basic common knowledge alone is tested without prejudice? And specific skills or knowledge required could be imparted either at core level or as additional course after joining the program.
SMOT will get students who will be right fit for the right job with right expectations.
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