Paradigm means a broad model, a framework, a way of thinking or a scheme for understanding reality. The impact of internationalization, information technology, diversity, ethics and composition of manpower consisting of traditional baby boomers, emancipated genXers and techies raised on computers has laid to a paradigm shift. This means today‘s and tomorrow’s organizations and management are to adapt to new roles with different boundaries requiring new and different behavior within the organization limits for them to achieve success. Paradigm shift implies a quantum shift in just learning ,but also how we learn; not just doing things differently ,but questioning whether we should be doing many of the things which are otherwise termed as “time tested”.