Think Ahead

Changing management trends

Mobilising the resources

According to a report by McKinsey & Company, more than one-third of work will be automated and dominated by machines in near future. The method of training management students therefore should be devised in a way that it meets the requirement of machine learning. Today, in the VUCA (volatility, uncertainty, complexity and ambiguity) world, having subject knowledge is not sufficient. Business schools should work towards preparing students to develop team management skills, creativity, versatility and time management to compete effectively in the global market.

Follow case study approach methods

B-schools need to adopt the case study format and expose management students to real-life situations. The learning outcomes of such a teaching methodology will enable students to come up with solutions to some of the toughest business problems through interactive classroom discussions or individual projects, building managerial acumen among budding managers of tomorrow.

Experiential learning

Learning while doing is a trend followed by B-schools. Summer internships help students develop cognitive skills and understand the difference between theory and practice. Students also get to learn how managers in the business world think and how do they delegate work and involve people in getting things done.