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Hi,
As you have 15 Years of MBA experience I would say the most important thing you should keep in mind while deciding your specialization is your interest and why you want to do an MBA, another thing which you should keep in mind is that what area of your work in which you have experience. Keeping all these factors in mind what I feel is that your area of work is either related to operations or production, so if you want to progress in your own work area you can either go for Operations Management or Production Management. Operations Management being a traditional specialization would be available in more Institutes than Production Management.
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Thanks,
Pooja

Hi Srihar,
As you have pretty good Education & professional background, I feel you should definitely go for an MBA program & as every Individual is different , so is his strengths and weaknesses so keeping in mind your own strengths and weaknesses you should decide on the time period you are going to take. However, as CAT is one of the toughest exams in India it would require atleast 6 months to a years preparation for an average student.
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Thanks,
Pooja

Hi Sandip,
Whether a defense person want to join MBA or a civilian the process of distance education will remain same. In most of the distance education Institutes there are direct admission and you just need to apply and submit your application. the eligibility for most of the Institutes is a graduation degree, few of the good distance education Institutes like IGNOU would require a recognized graduation degree and a candidate has to sit for OPEN MAT but almost all the other Institutes will have direct admission in which you require a degree and may be in some cases experience.
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Hope this resolves your query. Feel free to put up more queries. In case your query is resolved please close this question by choosing it as a best answer or pressing the thumbs up icon.
Thanks,
Pooja