The quantum of applicants for the common Admission Test (CAT)
proves that the degree of MBA is still in demand. A lot of changes has taken
place in the field of education. Earlier this degree used to be the most
esteemed and sought after. MBA, even today continues to be the dream of many,
provided it is from Tier I Institute.
Indian economy had experienced major policy changes in early 1990s. The new economic reform, popularly known as, Liberalization, Privatization and Globalization (LPG model) aimed at making the Indian economy as the fastest growing economy and globaly competitive. Though the new policies helped Indian organizations to be competitive, they pushed
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