``I posed two questions to a class of hundred-odd MBA students. First, I asked how many of them wanted to take up a great job with an MNC and earn a lot of money. They all raised their hands,'' recalls Modwel, who is also the International Dean, MBA, ENPC, Kochi. ``And how many of you want to create great jobs and then earn a lot of money.'' His second question was greeted with dead silence. This clearly shows how lop-sided the approach of both the people teaching and studying business in India is.

According to Modwel, there is an urgent need to change the mindset of the management education-seekers here. ``People see an MBA as a job-seeking ticket and not a value-addition. They lack business acumen.''

Entrepreneurial inclination is missing in Indian students. ``People here complain that due to recession there is a freeze in recruitment. Why aren't they studying management with the purpose of turning around their family businesses or setting up one on their own?''

Modwel is of the view that Indian MBA courses are in need of a revamp. According to him, an MBA program should be able to churn out economically-meaningful managers. ``The managers should be able to contribute to the economy, whether they start out as management trainees or entrepreneurs.'' There is a need for Indian business schools to beef up the quality of the faculty, even if that means inviting people from outside.

Most business schools abroad believe that greater the number of visiting faculty, the better it is for the institute.''

It is with this objective and on these lines that Modwel has introduced a Master's in International Business at Kochi. This is a 15-month extensive course that is run by ENPC, Paris in collaboration with IIS Institute of Management. The institute has a faculty that spans across borders. ``We have people visiting from the London School of Economics, Harvard University, University of Dublin and University of California. And no doubt, they get their experiences with them.''