Importance of 'practitioner-led learning' in business schools
India TodayThe ‘India Skills Report’ shows that the employability of management graduates improved from an abysmal 36.44% in 2019 to 54 percent in 2020. and for competitive advantage in traditional businesses with applications of AI, ML, SaaS, Blockchain etc., B-Schools need to rethink three crucial elements to remain relevant: Crucial elements Periodicity of curriculum overhaul has not kept pace with ever-changing industry requirements. Students need exposure to real-world business problems, first-hand experience of complex operations of various industries, business incubators and monetizable opportunities gathering dust in journals and research papers. Imagine learning policymaking from a senior civil servant, big data analytics from a consultant with decades of implementation experience across industries or corporate finance from an investment banker with multi-million dollars deals experience. Today, technology is central to business, hence, B school students must undergo hands-on Bootcamp-style tech courses to prepare them for the growing technology interface in all aspects of the business.
History of this topic
Why elite MBA graduates are struggling to find jobs
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How business education is changing to align with the demands of the modern world
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How business schools use AI to prepare leaders for industry demands | Explained
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‘For the first time, we are telling students to dream of a business’: Sisodia
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'We need to recover the spirit of true academia'
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