MSME sector’s expectations from academia: The case of UG management students.
- South Asian Journal of Socio-Political Studies
- 23(2), Jan-Jun, 2023: p.104-108
The relevance and contributions of Micro Small and Medium Enterprises (MSME’s) in developing economies like India cannot be undermined as these informal enterprises serve as a source of livelihood for the base of the pyramid population. According to the Department of Economic and Social affairs, it is estimated that more than 70 percent of the workforce in developing countries are employed in MSME’s. With the wake of Industry 5.0, there is a radical change in the expectations of these MSME’s relating human resources in the form of transformed skill sets and experience to build a productive workforce. The requirements of the industry have also created an impact in the design of the teaching learning pedagogies with a gradual shift towards skill development and realistic learning modules making the students employment ready. But the Achieve’s 2014 survey, indicate that 62% of the employers think that the students are not fully prepared for the expectations they will face in the working world. This gives a clear indication that there is a gap between the skill sets imparted at educational institutions and the expected skill set of the industry. This study is undertaken to analyze the expected skill set from the perspective of the MSME Sector in Coimbatore which will help the students to prepare in advance to take the real world challenges head on, as they join the corporate sector.- Reproduced