“A Role of Private Sector in Educational Services”
Introduction
“A Role of Private Sector in Educational Services”
Introduction
1. Introduction
When there was no university elsewhere in the Europe; Takshasila, Vikramshila, Pallavi, and Nalanda were the centers of Global Education and attracting learners from all around the globe. The development of modern education in India started with the establishment of Hindu College in Calcutta in 1817. During British reign, Calcutta University was the first to confer the bachelor degree on women in 1883.
Advancements in global technology and increasing interdependence of the world economies have contributed to the rapid globalization of higher education. The dawn of 21st century, coincided with globalization and international business revolution, has metamorphosed the management education milieu. Management and business education is no longer confined within national borders. Today’s business world draws its professional work force from every corner of the globe. And this is how the need for strategic alliance extends its scope in the arena of business and management education.
Strategic alliance with international business schools is an excellent way to gain competitive edge in the globalized business environment. It also helps in developing sustainable competitive advantages materializing from the issues of quality, purpose and responsibility in the new across-borders educational sphere. By developing international strategic alliances, business schools strive to enhance their strategic resources which they know, would not be possible otherwise. Hence, the basic premise of forming international alliances is to create a new collaborative and innovative value of management studies which cannot be achieved independently.