The global giants, the boutiques, and most startups from across the world commonly agree to one point: business schools are rightly getting the job done. Offering a suitable talent for today’s workforce is one of the key deliverables for MBA and PGDM colleges, but what more should they be doing to fulfill the needs of the business?
When designing their curriculum and programs, MBA colleges in Hyderabad, Bangalore, Mumbai, and Delhi among other cities have two main customers in mind: employers and prospective students. But often, if the expectations of employers are inevitably linked to the desires of students – that drive how MBA and PGDM colleges change and innovate. Talent Business schools are typically encouraged by the strong demand for talent. However, the kind of talent that employers are on the hunt for is constantly evolving. More than just talent, the need to build close ties, innovate, and extend collaborations with employers is what seems like the need of the hour which is yet to be ingrained in the approach of every business school. As per the Financial Times, the ability to etch resilience, influence in a positive manner, and implement strategic thinking are a few of the most challenging-to-recruit skills that employers encounter. Plus, in recent times, technological changes are constantly transforming industries, and thus, more than just knowing about technology, employers are largely expecting candidates to possess soft skills to deal with the situation. At the same time, there’s a great demand for technical skills by organizations. In this climate, post graduate diploma courses in India or specialized programs like PG diploma in business management have become a source of interest for most employers. Collaboration In major cities like Mumbai, Bangalore, Delhi, Chennai, Kolkata, and Hyderabad, top MBA colleges and employers alike reap the best rewards when they collaborate. In the executive space, there’s a need for business schools to custom-build courses for, and with, specific employers, to improve their share of a market and offer online programs and specialized training to their employees. In fact, more than before, employers are now keen on collaborating directly with students – be it through social impact projects or competitions. Innovation Organizations want business schools, particularly PGDM colleges, to innovate to align with their needs. And while employers prioritize innovation, technology change shouldn’t mean students learn with virtual reality headsets. What’s important is whether or not students are taught in a manner that reflects the practical world working environment, where there’s free and healthy communication, both online and offline, across time zones and locally as well. Ultimately, it’s convenient for business schools to get distracted by the wave of digital innovation. Top MBA colleges in Hyderabad, Mumbai, Bangalore, and other metropolitan cities need to remember that, today, anyone and everyone can learn about business at the touch of a button. What’s important is to offer an experience – the setting for teamwork, networking, and self-reflection. And this is what employers’ value the most!
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B-school education has always had a focus on teaching and creating aspects of management to induce not only skilled professionals but also well-qualified business leaders. It is primarily due to the fact that education, especially that of the higher level, has seen tremendous demand and growth in terms of gaining popularity amongst aspirants. Plus, in the last few years, management education, as a field, has advanced as a diverse one, and students from different social, economic, and educational backgrounds, have realized the competency of pursuing it.
The flexible curriculum and practical approach, which typically the field demands, has undergone massive transformations, in regards to the way in which knowledge is delivered. Plus, given the current scenario, the COVID-19 pandemic has severely hit the functioning of the world, and the educational sector is no exception. Thus, consequently, top MBA colleges in Hyderabad, Bangalore, Mumbai, Delhi, Chennai, Pune, and other major cities are refining their outlook and schedule to fit in with the new, unusual normal. This unprecedented situation has forced B-schools to offer PG diploma courses and an MBA degree to think differently to sustain and successfully sail through these crises, and importantly, to remain relevant. The ongoing global catastrophe has altered the whole narrative of functioning of the educational institute, its way of engaging students, delivering classes, and enrolling a new batch of candidates. To get through this, top MBA and PGDM colleges in Hyderabad, Bangalore, Delhi, Mumbai, and other metro as well as tier-II cities are adopting several measures to stay aligned with the situation, whilst making sure the lockdown and transition from classroom lectures to online teaching do not hamper the academic progress of any individual. A few of these measures involve rearranging the course framework, preparing the students for potential adversities, and focusing on personalized learning. Additionally, the program structure that most of these B-schools are executing is slowly shifting from theory-based to application-based. Thanks to the advancement in technology, the subjects of management, too, are experiencing a sea-change with the commencement of subjects like Behavioral Finance, Digital Marketing, Artificial Intelligence, HR Analytics, and many more. On the pedagogical front, more and more efforts are being directed towards developing online content in both synchronous and asynchronous mode for an advanced learning experience. Plus, several creative approaches are being initiated in order to keep students interested and engaged. Professors are laying emphasis on building a healthy and balanced virtual as well as a physical classroom environment that promotes a participatory and systematic approach towards learning. Going forward, one can be hopeful that this rapidly-changing educational setting will improvise the overall pedagogical structure and encourage young minds to build a fruitful future! |