A Review on the Progress of Management Education

Abstract

Capitalism's supremacy necessitated responsibility to stakeholders, environmental management rules, and workplace safety requirements must be adhered to by companies across the world. International stock market listings are becoming more dependent on financial reporting. The economic might that was formerly concentrated in the United States and Japan was dispersed across a slew of new emerging economies. There may not be only a few big economies where top companies may be found. Globalization was expedited and many company activities were disrupted as a result. Operational management in varied cultural contexts and effective cross-cultural communication has become increasingly vital in today's global business environment. In order to keep up with the fast-paced developments, provide new products cost-effectively, and protect data, a younger and more agile leadership was needed. The purpose of this article is to examine how business schools may meet this challenge and boost developing economies.