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Today, the business world feels that the Commerce graduates and post-graduates lack in right kind of skills which are needed. Now the time has come to realise the mismatch between the product and the demand. We have to adopt market orientation to our products to make them saleable. There is an urgent need to overhaul the existing business education system to cope up with the dynamic world. The problems faced by the business graduates and post-graduates are of a great concern for the students, academicians, business world and even for parents. The reasons are many and they are oriented towards classroom theoretical teaching, lack of practical and work related skills, lack of communication skills, parochial and not global in values and thinking, lack of base of information technology, etc. Against this background, an attempt is made in this volume to focus a light on the emerging challenges before business education and explore some measures to overcome these challenges. About the Author S.S. Hugar, M.Com., Ph.D., ICWAI., has a brilliant academic career. Being a first class candidate throughout his learning life, he bagged Gold Medal at his M.Com. examination for having secured first rank. He has one book to his credit. Similarly, he has contributed more than a dozen research papers to the leading journals. At present he is Professor of Commerce, Chairman of the Post-graduate Department of Studies in Commerce, Dean of the Faculty of Commerce, Member of Senate and Academic Council, Karnatak University, Dharwad, Karnataka State. His areas of specialisation are Management Accounting, Cost Accounting, Taxation, Banking and Finance. S.G. Hundekar is Reader in the Post-graduate Department of Studies in Commerce, Karnatak University, Dharwad, Karnataka. He has authored three books and contributed a number of research papers to various reputed journals. His main areas of interest are : Banking, Strategic Management, HRD, Co-operative Management and General Management. R.L. Hyderabad is Reader in the Post-graduate Department of Studies in Commerce, Karnatak University, Dharwad, Karnataka. He has a brilliant academic career. His articles have appeared in reputed journals. His areas of interest include Cost Accounting, Management Accounting, Accounting and Finance. M.R. Shollapur is Faculty Member in the Post-graduate Department of Studies in Commerce, Karnatak University, Dharwad, Karnataka. He has a brilliant academic career. He has been actively involved in project work, teaching and research at P.G. level. He has contributed a number of research papers to various journals. His main areas of interest are Cost Accounting, Organisational Behaviour and Finance. Table of Contents 1. Business Education — An Integrated Approach—R.M. Chidambaram 2. Business Education — Forward Linkages—H.R. Appannaiah 3. Globalisation and Rethinking of Business Education in India—Parimal Vyas and Sandip Bhatt 4. Business Education in India — Challenges and Opportunities—Nafees Baig 5. Role of Business Education in India—T. Aranganathan 6. Perspectives of Entrepreneurship Education and Training—D. Nagayya and P.B. Appa Rao 7. Reviving Commerce Education — Need for a Radical Approach—G. Kotrappa 8. Business Education for Rural/Semi-Urban Youth—S. Narasing Rao 9. Business and Education : Interlinkage and Emerging Challenges—M.R. Patil and T.M. Popker 10. Management Education — Strategic Issues—M.C. Poornima 11. Business Education Through Information Technology Virtual-Classroom and Resource Sharing—H.K. Shubhangi 12. Case Study Approach as an Effective Tool for Teaching Business Studies : A Model Building—M.R. Shollapur 13. Innovations in Management Education — Some Structural Issues—A.H. Chachadi 14. Progress and Problems of Business Education in India Since Independence—Z. U. Kahrioowala, Rais Ahmad Khan and M.S.M. Al-Shaikh 15. Computer Based Business Simulation Games — A Method of Teaching—M. Manickam 16. Computer Application in Business Education — A Forward Linkage—C.S. Rayudu and S.B. Nageswara Rao 17. Current Issues in Commerce Education—S.S. Hugar and S.G. Hundekar 18. Training the Trainers in Business Education — Impact of Refresher Courses in Commerce and Economics—MR. Chandawarkar 19. Progress and Problems of Business Education During 50 Years of Post-Independence Period—K.K. Kuriakose 20. Business Education : A Manifesto for Rethinking—Shreedhar Shetty and Manjunath Kotian 21. Challenges Before Business Education in India in Open Regime—C. Kishan Rao 22. Towards Restructuring Business Education—P.S. Yadapadithaya and M.P. Hrishikesh 23. Challenges Before Business Education in India—A.B. Kalkundrikar