Just forget the meaning of what an MBA had
been for years. Tomorrow, students would be introduced to a new MBA programme not for understanding only new business approaches but for making sociological
and psychological analysis of the business markets.
Professor Mark Taylor, who is now workingas Warwick Business School’s dean said that he had seen serious times in the world
of business in his early days. There was rather a horrible time when the stock
markets crashed, institutions dealing with finance got deathblows and
unemployment rates went high at almost every nook and corner of the world that
altogether resulted in global recession.
So, what Taylor believes now is that there must be such business oriented courses that can let students know and understand the market behaviours. “We have to think about the psychology that lay behind the crisis”, said Taylor.
Students
should Think, Decide & Behave, says Professor Taylor
Taylor intends to bring courses that can
make students pursue MBA courses in an unconventional manner. Rather than
letting one to traditionally concentrate on only business management, he wants
them to think, decide and behave that would help them to succeed faster in the
world of business. Well, studying subjects like finance, accounting or
organisational behaviour will remain as an integral part of MBA courses.
However, all these will be studied in respect to a behavioural viewpoint for a
change.
In addition to it, Professor Taylor said, “Strategy will be taught but we will also look at how a strategic plan emerges; in other words, we ask what is the psychology behind it?” On the other hand, a survey report was created recently where it has been found that:
- 28% of the respondents would not have to retire like what others have been doing
- Out of 500 MBA students and 100 applicants from top business schools who were part of the survey, the majority said that they would prefer continuing work till 70
- Some highlighted on the fact of not quitting work, while some showed confidence in saying that they would remain strong and secured in their future.
Well, if you ask about today’s scenario of
business management students, most of them are turning out to be extremely
confident owing to the lessons they are receiving through their
project-oriented experiential learning. As a result,
- They are gathering experiences that are playing key roles in strengthening their career prospects
- They are gaining more confidence that are responding well to their professional efficacy
- They are anticipating brighter and secured futures gaining which is really essential in today’s world
With time, what the business schools have
been doing for career betterment is updating curriculums that can make students
more competitive and confidence in understanding business without hassles.
Well, positive predictions are moreover coming from experts worldwide:
- By the year 2050, there will be no such differences between virtual learning experiences and those obtained through physical presence.
- Thought activation will lead to voice activation
- Social media platforms will bring students the opportunity to get involved into 3D interactive sessions in place of 2D.
So, studying MBA will actually be fun. The
concept of taking classes for long hours with the help of books and chalkboards
will not be taken a necessity for business graduates. Rather, they will be
given the liberty to study virtually in an absolute innovative manner that will
make them better businessmen in the long-run.
