The purpose of the paper is to examine crucial needs, pedagogical issues and challenges of redesigning and developing courses for training MBA students about the kind of decision problems that they are increasingly called upon to analyse. The paper will view both the "supply side" and the "demand side". The "supply side" refers to the desired course content in terms of balance between theoretical knowledge, domain knowledge and business applications. The "demand side" refers to the corporate recruiting point of view, type of career paths open to graduates in various functional areas like corporate finance, investment banking, manufacturing, marketing and traditional MIS departments.

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