The business world is changing, there’s without doubt about it. And with this, so is business education. With globalization, technological developments and demographic changes, the future of business can look vastly unique of it can today. Margaret Andrews, a contributor at Inside Higher Ed, recently discussed how business schools can adjust to this change and better prepare students for future years of business. Creativity shall become one of the top three skills workers will need to succeed, according to the World Economic Forum’s report, “The Future of Jobs,” which analyzes the employment, skills, and workforce strategy for the future.
Experts call this change the “Fourth Industrial Revolution” – a significantly advanced societal disruption where robotics, autonomous transportation, artificial intelligence, and machine learning will change the way we live and work. “Some working jobs will disappear, others will grow, and jobs that don’t even exist today can be commonplace,” Gray writes. In her Inside Higher Ed piece, Andrews argues that business colleges should adapt the way they coach students’ business if they intend to match the advanced changes.
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Refocus on learning as a lifelong endeavor, Andrews says. “Average life span is rising, more people are wanting (and frequently needing) to stay in the workforce until much later in life, and the skills they need for the many careers they’ll have will progress over their lifespan,” she writes. Furthermore, Andrews argues, there has to be a rise in both creativity and gain access to in higher education.
“Recognize that the way we create and deliver education through the university or college is most probably to change,” she creates. “The higher education market is in the midst of unbundling. Andrews references Thomas Teal’s 1996 article, “The Human Side of Management”, which argues that people often focus too much on technical proficiency and too little on personality. Andrews argues that this story still rings true today.
“Poor management demoralizes people and eventually requires a toll on performance,” she creates. Lastly, Andrews argues that we should instill the need for moral behavior in our students and children. To streamline this, we’ll need to enact policies that support ethical laws and behavior that punish bad behavior, she says. “It issues and will help us shape a global – of work and otherwise – that we all want to live in,” Andrews creates.
It requires a lot to find yourself in a high MBA, but experts say the strong collaboration and communication skills are in the same way as important as academic performance when it comes to admissions. Ilana Kowarski, a reporter at US News, recently discussed some key qualities that admissions officials look for in MBA applicants.
“Because business-academic institutions are professional schools made to prepare students to flourish available world, these colleges seek students with the management skills essential to succeed in business,” Kowarski creates. Communication and cooperation skills are also becoming more important available world. It’s become most apparent in a fresh admissions requirement at many schools – the Emotional Intelligence (EQ) requirement. “Research is displaying that management is more than management just.