History of MEF has been rooted long back in to management research. The Foundation aims to empower strategically and democratically for creation of new knowledge, research and development in management practice and sharing for benefit of the society.Â
To empower, preserve and encourage high standards of management professional integrity and ethics among people and organisations active in the field of ManagementÂ
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To acquire and demonstrate the highest integrity, ethics and professionalism in corporate and academic world for betterment of humanity and society Â
Centricity for Management Education, Students, Capacity and Skill Development and Society Empowerment, Empowerment through Creativity, Innovation and Entrepreneurship, Sustenance, Perseverance , Mutual Understanding and Values, Managerial-Sensible Character Development, Ethics for Sustainable Environment & Climate Change, Building Robust Partnerships among Industry, Academia, and Government
Management education in India has undergone considerable modification over the years. The launch of the first two IIMs, in Calcutta and Ahmedabad, in 1961 marked the beginning of a revolution in Management education. In the 1970s and 80s the demand for Management education grew at a fair rate. The dawn of economic liberalization in India in the mid-80s gave a new direction to Management education. Several Post Graduate Diploma in Management (PGDM) offering institutions sprang up in the private sector by imparting two-year Post Graduate Diploma in Management and almost all universities have been offering two year Masters in Business Administration (MBA) by establishing departments of Management studies.
During 1990s and 2000s the explosion of universities in Management studies continued persistently, powered by an exceptional growth of the Indian economy. Enrolments in PGDM/MBA programs have increased over the years in regular mode of education from 2011-12 to 2016-17. Simultaneously, there is desperate requirement to improve their quality and raise the bar to meet the international criterion.
