Role Of Educational Institutions In Shaping The Future Of Business And Society

India's Destiny is being Shaped in Four Walls" is the first sentence in education report submitted to the central government by the education commission in 1966 under the chairmanship of Dr. D. S. Kothari. Four walls are the walls of class rooms of educational institutes where the students and the teachers are expected to work together to develop good human resource for the welfare of mankind. However the present scenario is "India's destiny is being shaped both in four walls and outside the walls". There has been the great belief and confidence of not only the educationists but also by the common people that education has a great impact on the society as a whole. Educational institutions happen to be the centers of human resource development and the learners who come out of these centers are expected to go the society and take up some responsibility including business. Good human resource with ethical and morale values will develop good business and good business will ultimately give good service to the society. Thus the business and the society are interrelated and interdependent. Good educational institutes need to take the responsibility of Shaping the future of Business and Society by developing good human resources. (C) 2014 Elsevier B.V.