Representatives of TBS Business School, ESADE, and Lagos Business School consider new approaches to management education and methods for meeting the changing needs of students and employers
Bringing together pioneers in the field of Business School innovation, Chair of AMBA & BGA Bodo Schlegelmilch led a discussion on the trends that decision makers in higher education need to anticipate at the fully online AMBA & BGA Global Conference 2021.
Representing Business Schools in Spain, Nigeria and France, panellists delved into digital transformation and the future of business education, disruption in the sector, and programmes and course delivery can evolve to reflect the changing needs of students and the future requirements of employers.
Panellists also outlined their post-Covid-19 predictions for how Business Schools must prepare themselves for the ‘new normal’ and future-proof themselves against continuing volatility.
For example, David Stolin, Professor of Finance at TBS Business School, described how his partnership with comedian, Sammy Obeid, has helped bring ‘novel perspectives’ to students and to innovate their learning. He explained that ‘collaborating with people outside the traditional Business School environment is very fruitful’, adding that the work had started prior to Covid-19, but that the pandemic had prompted him to find the most engaging audio-visual content.
The idea of ‘making education palatable and entertaining’ was noted by Schlegelmilch with regards to ESADE Business School’s work on the gamification of education.
Chris Ogbechie, Dean and Professor of Strategic Management at Lagos Business School, pointed out that one of the most significant implications of Covid-19 is that competition is no longer limited by geography. As a result, students have few restrictions when it comes to choosing programmes and related materials. Schools, such as his own have therefore been charged with finding new ways of staying relevant and capturing the attention of students outside the School’s traditional catchment areas.
Ivanka Visnjic, Director of the Institute for Innovation and Knowledge Management at ESADE Business School, noted that the industry is experiencing an acceleration in the adoption of technology, highlighting the use of video in content delivery, and increased competition in the learning marketplace. She explained that ‘Business Schools are competing with global brands, head-to-head, with no geographic boundaries’, and that this is forcing them to re-examine their value proposition for students. Visnjic used the analogy of online videos being less like a movie, and more like the theatre wherein, ‘students are co-producers’ of knowledge: relevant guest contributors can be invited to the stage to stimulate conversation, thanks to the new technologies moved to the forefront of learning by the pandemic.
Bodo Schlegelmilch, Chair, AMBA & BGA; Professor of Marketing, WU Vienna
Chris Ogbechie, Dean and Professor of Strategic Management, Lagos Business School, Pan-Atlantic University, Nigeria
David Stolin, Professor of Finance, TBS Business School, France
Ivanka Visnjic, Director, Institute for Innovation and Knowledge Management, ESADE Business School, Spain
This article is adapted from a feature that originally appeared in Ambition – the magazine of the Association of MBAs.