India, one of the world's largest providers of management education, contributes a lot to the business world. Today, the revamping outlook of youth towards their career is giving way to the increase in the number of management institutes in India. On the flipside, the corporate firms are looking for the job ready individuals rather than spending time in training them just after the recruitment. Hence, there arises a need for the b-schools to undergo frequent changes to be more contexts specific. "Innovate or die" is another slogan, which has to be strictly followed by the management institutes to adapt to the changing situations. The institutes must be ready to welcome the changes in the business world and update themselves with the curriculum, methodology and people. Only the right mixture of faculty members, infrastructural facilities, innovation, and research and industry tie-ups can make a good institute. Presently, many management institutes are following a fresh strategy...