In the post-globalization and liberalization era of Indian economy where cut throat competition, use of cutting edge technologies and demand of quality products are the order of the day; the modern management has no option but to manage resources optimally with the objective "to be better than the best". The excellence in manufacturing and services is the key to out long-term economic welfare and success. To be competitive, the Indian industry needs to maintain international quality by cutting cost on utilities like water, steam, power, fuel, refrigeration and air-conditioning with a cleaner and greener environment.
The goals and vision of today's enterprise need a change where it has to aim at producing well designed products with functional perfection first time right, just in time and provide satisfaction beyond customer's expectation. It has to provide excellent services having absolute empathy with customers. To achieve this, the industry, the government and the consumer dimensions have all to be well coordinated and the agents of change need to be kept on "Alert".
I am sure, addition of Management Faculty to HBTI through its Entrepreneurial Park i.e. STEP- HBTI, would help in turning out managers having specialization in Finance, Marketing, Human Resource. Information Technology and international Business and will assist in meeting the objectives envisaged in advancing academic pursuits of "Management Faculty" at this Institute.