Please enable JavaScript.
Coggle requires JavaScript to display documents.
MBAs are no longer what they used to be. Due to different reasons, like…
MBAs are no longer what they used to be. Due to different reasons, like the digital era, they have innovate in response to individual and company demands.
Scott Derue, the dean of University of Michigan’s Ross School of Business, His experience didn’t have to do with age but with his prior career in the private sector :star: :
-
He believes that business should not only be about the fundamentals. It should also give students the opportunity to put what they learn into practice
-
U of Michigan's vision
His vision as dean is that every student enrolled in Ross School of Business has the opportunity to manage actual business functions in companies embedded in their education. :eye:
There is strong evidence that the growth and development of MBA’s or business school students can be accelerated as the wrap the education around a working-like experience.
How it applies in Ross School of Business: Students are working in Shinola's audio business around 4 different functions and receiving feedback on their performance as they are being taught business core concepts.
-
Technology's impact
Business schools are moving towards experiential learning because with internet technology it's easier to share content and learning about core concepts and modules. :book: :
The more experiential the education the more our students actually learn, grow and develop.:pencil2:
As content reaches a broader audience, schools are more able to break down many barriers to education that can transform they way people: :silhouettes:
-
-
-
-
Trough experiential learning :briefcase:, students are going to be
-
-
Given the tools to make decisions in highly ambiguous situations, deal with complexity, build teams across functions, across geographies.
Lifelong Learning
The students of today will have more careers than we would have had jobs, so schools should adapt their models to a lifelong span. :male-student::skin-tone-2:
-
Alumni of their school have tuition-free access to anything in their executive education portfolio for the remainder of their life.
Many business schools in the world have seen Ross' program as an example of innovation in education in their field.
Tuition as a subscription: This is changing the calculus on the return on investment that one has because now it’s not only two years and your next job, it’s over the course of one’s life. :heavy_plus_sign: :heavy_minus_sign:
-