where do we stand in business schools in the face of technological disruption? In response to the Covid crisis, we have just witnessed a rapid acceleration of the deployment of digital technologies in our teaching programs. Business school leaders now concede that online education will be a very important component of their future program portfolios. However, the disruptions being caused by digital technologies is much more than just in the shift of teaching delivery to the Internet.
Business school leaders have been through a stressful Spring semester. A positive start to the second decade of the new millennium rapidly deteriorated into a scenario which few had imagined was possible, let alone planned for. In response to the growing Covid-19 pandemic, strict confinement restrictions were imposed by many governments and all non-essential activities were suspended. With student health and well-being rising as most important goals, business schools leaders had little choice but to suspend on-campus teaching and send students back to their homes. What could have been a chaotic disruptive change actually happened much more smoothly that what … Read More
Sangeet Chowfla is the President & CEO of the Graduate Management Admission Council (GMAC). In conversation with Soumitra Dutta and Dan LeClair of GBSN, he discusses the importance of connectedness and trust, as well as the changing value equation in higher education. This interview was conducted 9 weeks after COVID-19 was declared a pandemic by the World Health Organization. This is an edited transcript of their exchange.
We are living in extraordinary times with the global fight against COVID-19. While the extent and speed has varied, governments around the world have imposed stringent controls on businesses and the movement of people. Non-essential businesses are required to close for several weeks and the livelihood of many thousands is at risk. Professionals are being asked to work remotely and universities are being required to rapidly move into large-scale online teaching, posing significant changes for both faculty and students. Borders are being closed and there is the risk of a retreat from globalization. Technology is enabling the utilization of invasive … Read More
We are living in interesting times. Brexit just happened a few days ago. Earlier last month, President Trump proudly proclaimed the success of his policies in Davos. Leaders of some other countries are now looking to follow the examples set by the leaders of the USA and UK. Many are calling this the decade of deglobalization. In this context, it is ironic that the coronavirus, first identified in the Chinese city of Wuhan is now reminding us that we live in a global world. Our problems are common and the solutions have to be found in a coordinated way globally.
Thanksgiving and the holiday period in December provide us with opportune moments to reflect on our lives, both personal and professional and be grateful for all that is good in our lives and also strengthen our resolve to work on areas where we need to improve. So I thought that I would use this last blog note of the calendar year 2019 to share a couple of reflections with you, especially as they pertain to business education and GBSN.
Education reform should be high on the agendas for governments and societies in both developed and developing economies. Business schools and universities are stubbornly resistant to change, often due to resistance from multiple stakeholders including faculty. With a rapidly decreasing half-life of knowledge, education has to be retooled to become affordable, effective and flexible. This will help our alumni to smoothly transition from one job to another and make education a nimble, lifelong endeavor. The GBSN community, as an engaged group of business school leaders should strive to take a leading role in helping our alumni (especially women and minorities) transition effectively across jobs and create satisfying careers for themselves.
I was invited to participate in the World Economic Forum’s (WEF’s) Annual Meeting of the New Champions which was held in early July in Dalian, China. Also, I was pleased to be part of a high profile launch of the Global Innovation Index in New Delhi on 24th July. I will use this blog to share some of my reflections from these two professional engagements.
Returning to China after a gap of some months is always interesting as the country seems to continue to change at a fast pace. I had taken part in several prior editions of the WEF’s Annual Summits in China and it is interesting to see how the WEF China Summit has now become focused exclusively on technology and innovation. This is not surprising per se as China’s rise in the technology domain is now recognized by many.
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