Elements of a world class management school
Abstract
This paper delineates the best practices that are commonly followed by world class management
schools in their governance and pursuit of scholarly activities. It tries to highlight the processes
required to become a world class institution and draws implications for schools in India that
aspire to become world class. The paper is based on visits to a number of such schools around
the world and discussion with faculty and administrators at these schools. It also discusses issues
like autonomy, research, governance, compensation and financial independence which are
critical for academic development of institutions in India.
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