The University Departments of Management have several advantages that most non-university management institutes do not possess. They include academic departments in areas of concern for management studies, a wide reach all over the country, and provide management education at affordable fees. Their major difficulties, however, have been lack of industry – university contacts, near rigidity in rules and regulations that are common to other single discipline academic departments and virtual absence of autonomy – Academic, Administrative and Financial. Consequently, most University departments, even though they have been functioning for over a quarter of a century, have not been able to grow and excel. While it is well known that in U.S.A., U.K., Canada and Australia, the well known Departments/Schools of Management have grown in the university system, unfortunately, most Departments of Business Studies/Management in our university system have not been able to gain that reputation excep t for few select Universities.
Financial Support
