Western Efficiency and Dynamism Combined with Indian Spiritual Values Will Create the Best Management System in the World”. -Swami Vivekananda. I. INTRODUCTION Top ranking B-Schools and league management institutions from Tier-I cities of our country are committed to their basic task of generating, preserving and disseminating knowledge, and where, quality was not an issue. Rather, it was expected that the outputs from such elitist institutions would represent excellence. These great institutions of India, invariably try to imbibe the inbuilt system of the western institutions like Harvard, Stanford, Oxford and Cambridge that accept only the best as their faculties. (Prof. K.B.Powar).
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