How experiential learning can redefine management education
Across the world, work landscapes are changing drastically. More than 50% of all extant occupations will not exist 10 years from now and most employers have moved in that direction already. The shift from extensive use of manpower and skill to automation is evidently threatening the careers of the many from the millennial generation in this country. India, with its youth population at more than 70%, needs to preserve their future.
Work culture has also evolved from a well-oiled patriarchal setup managing small units to current international organizations while remaining focused on harnessing the benefits of a globalized economy. Nevertheless, units are becoming more disparate and globalization has been concomitant with many collaboration challenges. These changes demand more communication, more innovative, cognitive, and analytical skills than straightforward core domain specialization.
This reform in the industry has left the existing curriculum used widely in our education system outdated and made it imperative for educational institutions to evolve as well. Hence, management institutes have now begun reinventing their pedagogical content to match the needs of changing dynamics in the industry.
FRESHERS NEED EXPERIENCE
Yes, that’s right. Employers look for experience among fresh graduatesas well- be it full-time, part-time, internships, contractual or any other. It is because they realize the need for problem-solving skills that one largely imbibes only after facing real-life business challenges and situations. However, this paradoxical demand by employers often persuades students to opt for internships and projects that don’t permit them the opportunity of facingactual situations and challenges. Work done is majorly superficial and hence, the outcome is futile.
This is where a number of world-class institutions have resorted to experiential learning in and beyond the classroom. It is the positively critical for a poten- tial employee as well as an entrepreneur, especially, in an India plagued with poor levels of employability among its youth. Sadly, this requirement for a project-based curriculum is lacking in the Indian management education system with most management institutes offering only a two-month internship in a two-year course.
MINDS ARE LIKE PARACHUTES
After experience, the one human skill that is unequivocally treasured in every organization is critical thinking. The need to apply thought is essential learning for the millennial generation. Current pedagogy focuses more on literacy rather than education and thought takes a backseat. Innovation is rare and sheep mentality is near ubiquitous.
In such a scenario, career advancement becomes an unachievable goal. The imperatives of business today demand an acceptance of multi-dimensional ideas and a broader perspective.Because minds, like parachutes, work only when they are open.
NURTURE CURIOSITY AND INNOVATION
Very few universities in India, today, boast of a curriculum that embraces technology, industry collaboration, and development for entrepreneurs.Management courses should be designed for all-round development of each graduate.
They must involve not just learning the art and science of management, but also the virtues and skills required to make an impact in the society and industry they are about to enter.That is why some MBA curriculums include courses like Artificial Intelligence and design thinking.
LEARN HOW TO LEARN
Experiential learning works on the learning-by-doing model and is tailored to meet the growing needs of businesses at all levels of management. This learning through hands-on experience may be ensured through a twoyear live capstone project, along with case studies, live examples, and simulations.