Executive development for companies in fast-developing countries has become important in sustaining economic growth. The existing executive development programs in India have been evaluated; in-house programs have been checked; and appropriate cost-effective programs have been identified. Further, this paper reviews the following eleven models of training the executives and workers of corporates: (1) Developing Corporate Universities/Virtual Universities/Corporate Business Schools/Learning Centers offer executive development courses. (2) Establishing training centers in India to train the managers, and mechanics to maintain machinery by transnational companies. (3) Establishing a long-term collaboration with Institutes of National Importance to train the executives and managers by establishing a skill development center. (4) Developing project-specific cooperation with the leading national institutes to train executives. (5) Establishing Regional Training Centers (RTCs) in all four regions of the country for training the managers. (6) Establishing an In-House Training Center (IHTC). (7) Utilizing long-term programs of engineering colleges/universities to train employees. (8) Online Training of the Executives and Employees, (9) Utilizing Private Training Organizations, (10) Scaffolding Self-directed Learning, and (11) Hybrid Programs. Success factors have also been listed for these models. These models can further be refined and utilized to elevate the executive development centers of corporations.The best methods of planning these models are also presented. Consulting institutes can also form consortiums of many engineering colleges to undertake projects in the country.

1. Drucker PF. The Frontiers of Management. Butterworth-Heinemann, An Imprint of Elesevier, Inc; 1994.

2. Geek tonight. Human Resource Management. Accessed June 07, 2024. https://gecktonight.com/category/human-resources-management/

3. Geek tonight. What is Executive Development? Definition, Objectives, Importance, Methods, Process, Factors Influencing. Geek tonight. Accessed June 07, 2024. https://www.geektonight.com/executive-development/#what-is-executive-development

4. Goldstein N. 6 Examples of Incredible Leadership Development Programs (+How you can develop your leaders). Together, an absorbing company. Accessed June 09, 2024. https://togetherplatform.com/blog/examples-of-leadership-development-programs

5. Hobday M. East Asian Latecomer Firma: Learning the Technology of Electronics. World Dev. 1995;23(7):1171-1193.    DOI: 10.1016/0305-750X(95)00035-B

6. Technical Teacher Training Institute, Chennai. Implementation of Executive Development Programs for the Cement Industry, Auto Ancillary Companies, and Cooperative Sugar Mills , https://www.nitttrc.ac.in

7. Harvard Business School. Executive Education Programs. Harvard Business School. Accessed June 07, 2024. https://www.exed.hbs.edu

8. e-Amrit. Skill Centre. e-Amrit. Accessed June 08, 2024. https://e-amrit.niti.gov.in/skill-center

9. BasuMallick C. 5 Steps to Succeeding with Corporate Universities. Spiceworks website. Accessed June 09, 2024. https://spiceworks.com/hr/learning-development/articles/5-steps-to-succeeding-with-corporate-universities

10. Gann D, Montresor F, Eisenberg J. 3 ways to nurture collaboration between universities and industry. World Economic Forum. Accessed June 08, 2024. https://www.weforum.org/stories/2018/11/3-ways-to-nurture-collaboration-between-universities-and-industry/#:~:text=3%20ways%20to%20nurture%20collaboration%20between%20universities%20and,.%20University%20tech%20transfer%20offices%20must%20prioritize%20flexibility

11. Wu G, Zhang QF. Integration of science and education: Reform and practice of innovative talent cultivation model in the field of communication engineering. Eng Edu Rev. 2024;2(2):72-76. [10.54844/eer.2024.0619

12. Kretschmean J. Innovative Engineering Education for a Better Future. Engineering Education for a Better Future. Eng Educ Rev. 2024;2(2):101-108.    DOI: 10.54844/eer.2024.0564

13. Ke WD, Wei Y, Hu CZ, et al. Study on Engineering Capability Cultivation of Postgraduate with University-Enterprise Joint Project. Eng Educ Rev. 2024;2(2):92-100.    DOI: 10.54844/eer.2024.0602

14. Dutrenit G. Learning and Knowledge Management in the Firm: From Knowledge Accumulation to Strategic Capabilities. Edward Elgar Publishing Ltd; 2000.

15. ELM Learning. The Corporate University Shift: Why Great Companies Invest in Custom Learning. Accessed May 23, 2023. https://elmlearning.com/blog/the-corporate-university-shift

16. Figueiredo PN, Piana J. Innovative Capability Building and Learning Linkages in Knowledge-Intensive Service SMEs in Brazil’s Mining Industry. Resour Policy. 2018;58:21-33.    DOI: 10.1016/j.resourpol.2017.10.012

17. Phillips JJ. Twelve Success Factors for Corporate Universities. ROI Institute, Inc; 2004

18. Rahul S. 6 Best Practices for the Corporate University 2.0. Training Industry website. Assessed July 10, 2023. https://trainingindustry.com/articles/learning-technologies/6-best-practices-for-the-corporate-university-2.0

19. Rosenberg M. Marc My Words: Why Many Corporate Universities Fail, and Some Don’t. Learning guide website. Assessed February 20, 2023. https://www.learningguild.com/articles/2184/marc-my-words-why-many-corporate-universities-fail-and-some-dont/#:~:text=Marc%20My%20Words%3A%20Why%20Many%20Corporate%20Universities%20Fail%2C,7%207.%20Dismissing%20learning%20in%20the%20workflow%20

20. Kunz M. List of Corporate Universities. The classroom website. Assessed February 19, 2023. https://www.theclassroom.com/list-of-corporate-universities-12273636.html

21. Schultz D. The Rise and Coming Demise of the Corporate University. American Association of University Professors. Accessed June 07, 2024. https://aasu.org/article/rise-and-coming-demise-corporate-university#

22. Sawhney M. ReimagReimagin Executive Education. Accessed May 1, 2023. https://hbsp.harvard.edu/inspiring-minds/reimagining-executive-education

23. The Ministry of Human Resource Development, Department of Education, New Delhi, Government of India. Establishment of Continuing Education Programs in five Indian Institute of Technologies and Four Technical Teachers Training Institutes based on the National Policy on Education-1986 https://archive.org/details/dli.ernet.15448

24. Indian Institute of Management. Executive Development Programs. Indian Institute of Management, Bangalore, IIMB website. Accessed March 15, 2022

25. Musielak L, Newhouse M. Corporate Universities: Strategic Organizational Learning. Inspirant Group, Inc; 2019.

26. Ministry of Skill Development and Entrepreneurship. Ministry of Skill Development and Entrepreneurship. Government of India. Accessed May 21, 2023. https://www.msde.gov.in/

27. Conn S. Nothing Succeeds like Failure: The Sad History of American Business Schools. J Am Hist. 2023;109(4):907-908.    DOI: 10.1093/jahist/jaad010

28. Sessions D. How Business Schools Fail Up. The Rise of the STEM-obsessed, corporate-partnered University. Accessed April 05, 2024. https://newrepublic.com/article/156378/rise-business-schools-corporate-university-crisis-higher-education

29. Schrum E. The Instrumental University: Education in Service of the National Agenda After World War II. Cornell University Press; 2019.

30. Meister JC. Ten steps to creating a corporate university. Train Dev. 1998;52:38-43.

31. Indeed Editorial Team. 7 Ways to Collaborate with a Team Effectively (Plus Tips). Accessed March 4, 2024. https://www.indeed.com/career-advice/career-development/collaborate-with-the-team#:~:text=7%20ways%20to%20collaborate%20with%20the%20team%201,...%207%207.%20Analyze%20your%20company%20culture%20

32. Nagoya University. Academics-Industrial Cooperation. Nagoya University. Accessed June 2, 2023. https://en.nagoya-u.ac.jp/research/collab/index.html

33. Williams P, Allon G. Executive Development Program. The Wharton University of Pennsylvania. Accessed February 7, 20. https://www.online-execad.wharton.upenn.edu

34. Team Asana. Collaboration in the workplace: 11 ways to boost your team’s performance. Accessed March 23, 2023. https://asana.com/resources/collaboration-in-the-workplace

35. Harvard Business School. Executive Leadership Training. Harvard Business School. Accessed June 07, 2024., https://www.exed.hbs.edu

36. Kluczny S. The 9 Elements that Make Top Employee Training Programs So Successful. BIZ LIBRARY. Accessed April 21, 2023. https://www.bizlibrary.com/blog/training-programs/employee-training-9-characteristics-of-top-programs/#:~:text=The%209%20Elements%20that%20Make%20Top%20Employee%20Training,8.%20Consistently%20Marketing%20the%20Training%20Program%20...%20%E6%9B%B4%E5%A4%9A%E9%A1%B9%E7%9B%AE

37. Rybnicek R, Konigsgruber R. What makes industry-university collaboration succeed? A systematic review of the literature. J Bus Econ. 2019;89:221-250.    DOI: 10.1007/s11573-018-0916-6

38. Vedhathiri T. Development of Diverse Global Educational Leaders through Learning Organization Concepts of Faculty Engagement. Procedia Comput Sci. 2020;172:207-214.    DOI: 10.1016/j.procs.2020.05.033

39. Vedhathiri T. In-House Leadership Development Programs for High-Potential and High-Performing Engineering Faculty. Asia Pac J Educ Manage Res. 2022;7(2):17-32.    DOI: 10.21742/ajemr.2022.7.2.20].

40. Indeed Editorial Team. Collaboration Vs. Cooperation (With Mian Differences). Indeed website. Accessed May 23, 2023. https://indeed.com/career-development/collaboration-Vs-cooperation

41. Subba Reddy B. HAL-IISc Skill Development Centre. Indian Institute of Science. Accessed May 24, 2023. https://iisc.ac.in/skill-development-centre/

42. Vedhathiri T. Collaborative Dissertation based on the Human Resources needs of MSMEs to Improve their Competitiveness and Overcome the Disruption. Procedia Comput Sci. 2020;172:551-558.    DOI: 10.1016/j.procs.2020.05.160

43. TOYOTA Motor Corporation. Toyota’s Top Training Program. Technical Training Programs for Toyota Personnel Around the Globe. Accessed December 23, 2023. https://global.toyota/en/detail/7627452

44. Corporate Training Materials. Train the Trainer. Assessed June 22, 2023. https://corporatetrainingmaterials.com/products/train-the-trainer?_pos=1&_sid=4c8ea4a34&_ss=r&variant=30345068085353

45. Regional Training Centre, Delhi. Indian Audit & Accounts Department. Accessed June 02, 2024. https://164.100.22849.rti-website.rtc-delhi/rtc.php