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In a business environment characterized by rapid change managers must necessarily be flexible and adaptable. These managers may be required to operate in different cultural, functional and organizational backgrounds. They should possess the skill and knowledge to adapt to various situations and roles and perform successfully in each of them.
The effects of globalization have driven tremendous changes within the education system. Today, change is so rapid that the educational system has to keep itself abreast with the latest development. The present scenario has lead to globalization of the education sector that should be oriented into the transnational competence.