WrittenPublished by: Campus Review
MBA News Digest Comment: None.
Extracted Content: Proponents of business education point to the central role that business enterprise has played in the prosperity of nations, lifting millions of people out of poverty and in turn creating a wealthy middle class in many developing nations. Detractors contrarily point to the narrow discipline-based business curriculum and research far removed from the multi-disciplinary nature of the real-world problems that often present themselves to managers in their working life. Worse still, the narrow focus hinders business education to have impact and be valuable to society at large. Rigour trumps relevance in research at most business schools, and many would argue that the dichotomy between rigour and relevance is leading to the obsolescence of the business school. Furthermore, a plethora of online providers are disrupting the higher education sector, forcing universities to rethink their current business model and delivery mode.
But what does it all mean for business education in Australia? If higher education and by extension business education is being disrupted, and not keeping abreast with the changing times globally, this would surely mean obsolescence, or worse, complete annihilation. What will business education look like in the future?