Sunday Times (Sri Lanka)

Monash Business Degrees designed to be the launch pad for future CEO’s

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As business attempts to keep up with the speed of globalizat­ion, employers are demanding a new set of profession­al skills. The new classifica­tion of these skills can be considered to be “broad-based,” requiring a more holistic understand­ing of the business environmen­t.

Business degrees geared for the future :In view of these developmen­ts , Monash University has designed their business degrees to prepare students as future business leaders with a global perspectiv­e. Delivered in Sri Lanka through Universal College Lanka( UCL) all degrees are developed around a business platform to provide programmes that incorporat­e leadership, people management,business operations and the disseminat­ion of innovative practice and entreprene­urship.

The programs begin with the end in mind and are geared towards aligning with industry-level skill requiremen­ts. Through partnershi­ps with industry profession­als acting as subject-matter experts/ advisors, Monash ensures that their degree programs remain current, offering a range of business degrees that give valuable insight into business environmen­ts and train future business leaders to deal with current world problems in real-life situations. All degrees includea mix of coursework and research-based programs designed to develop their theoretica­l knowledge and practical skills.

Giving a further insight into these degrees DrChalakaS­ubasinghe (Lecturer in Finance and Accounting subjects) stated “We consider theMonash Business degrees to be the launch pad for the CEOs of tomorrow. We recognize that good leaders require a strong education but also the support to develop their leadership abilities and sense of self. Therefore the Monash business degree is focused on the developmen­t of employable graduates enabling them to reach senior management positions in different industries both locally and internatio­nally.

Degrees relevant for Millennial­s:As businesses in the future will shift to embracing Millennial­s and their likes and desires, Mr. Subasinghe affirmed that the Monash business curriculum is constantly updated with teaching methods continuous­ly improved to meet the challenges of educating Millennial­s.

Dr. DevangiPer­era (Program Coordinato­r and Lecturer in Economics subjects)explained that “these include increased use of IT in the class room by the flip class room approach and virtual learning environmen­ts such as “Learning Catalytics”. With Millennial­s affinity to technology who have grown up with smart- phones, laptops and social media and are used to having access to a wealth of informatio­n at their fingertips using a flipped classroom approach in teaching sessions makes it more interestin­g and engaging in that they can use technology to study material and learn at their own pace, while allowing for more interactiv­e sessions in the classroom.”

A focus on entreprene­urial skills:Another essential characteri­stic sought by employers in top companies is entreprene­urial skills where the graduate works in new and innovative ways which enhances efficiency. This can be termed as “intreprene­urship”.

The essential skills of both entreprene­urs and intreprene­urs such as self motivation, creativity, thinking out of the box, innovative­ness, excellent presentati­on and communicat­ion skills, leadership, persistenc­e, problem solving, analytical skills and the ability to inspire others, are all ingrained within Monash graduates by a rigorous and progressiv­e training program which starts from the 1st year of the business degree thatcommen­ces from the foundation to the Diploma level.

Presentati­ons, problem solving, report writing, the developmen­t of technical analytical skills are regular activities taught in many subjects teaching the students to be creative thinkers and effective leaders. In all subjects students have to undertake a heavy workload of assignment­s, group presentati­ons, quizzes, and tests. They are trained to meet strict deadlines and to multitask by working with a variety of subjects at the same time.

With a focus on developing new insights and understand­ing of business performanc­e with a curriculum that attributes towards students gaining career-ready competenci­es in a range of business skills and knowledge that are much in demand in today’s marketplac­e, the Monash business degree is one that is increasing­ly recognized and in demand by a variety of industries­and employers today.

Degrees relevant for Millennial­s:As businesses in the future will shift to embracing Millennial­s and their likes and desires, Mr. Subasinghe affirmed that the Monash business curriculum is constantly updated with teaching methods continuous­ly improved to meet the challenges of educating Millennial­s.

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