Significant value orientation and insights on rethinking higher education in present context with social inequalities – Past knowledge, present state and future potential aspects

Management Studies

Higher education's goals and effects on the economy and society at large have changed in a variety of ways over time. Context cannot be ignored because institutional and policy processes in higher education vary over time, but also among nations and political systems. This essay compares the instrumental and the intrinsic conceptual frameworks to examine the goal of higher education and its institutional aspects. Different instructional traditions are examined critically and utilized as examples, which could help guide current policymaking. This article makes use of the proper conceptual relationships since higher education cannot be separated from the other lower levels of education. Its importance stems from the natural synthesis of social science literature, which offers suggestions for the future based on existing traditions that, up until now, have been neglected due to an overreliance on market-driven procedures. This provides fresh insight into how conceptual "bridging" and reconciliation might help theories guide policy making. The current developments of rising social inequality in the west, its relationship to the mass model of higher education, and the pertinent policy decisions for a continual growth in participation are all considered in the context of the debate on the purpose of higher education. The current policy emphasis on labour market-driven policies in higher education, according to this article, has resulted in an ever-increasing competition that has turned this social institution into a regular market place where attainment and degrees are seen as a currency that can be converted to a labour market value. Moving away from its initial purpose of providing an environment for human growth, education has evolved into a tool for economic advancement. Higher education consequently becomes highly pricey, and even while regulations are geared toward openness, in reality only a select few can afford it. Policymakers should view a change to a hybrid paradigm, where the intrinsic value of higher education is equally acknowledged along with its instrumental value, as the way ahead to build inclusive educational systems and just and informed societies. India is currently at a crossroads in its evolution, comprising social, cultural, and economic changes, among others. On the one hand, there are fewer job openings, but on the other, business graduates aren't up to industry standards in terms of skills and expertise. In order to close the gap between academic curriculum and industrial requirements, commerce education must be comprehensive, targeted, and tailored with an emphasis on attitude, corporate awareness, grooming, and the development of managerial abilities. Therefore, restructuring and reorienting the business curriculum to make it more applicable to society is urgently needed. Therefore, the government should work to develop the new floats to enhance the nation's educational system.

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