New-age B-Schools are facing challenges to provide better managers

New-age challenges faced by B-Schools

Amidst the constant change and anticipation of ebbing and flowing of the looming pandemic, the world is facing three major challenges.

• The first is the environmental challenge encompassing a mammoth threat posed by climate change, which has escalated to an alarming rate, impacting the entire globe.
• The second is the economic challenge, which emerged as a consequence digital revolution. The deep plunge into the world of advanced tech and AI has made it difficult for mankind to understand the fundamentals of being human.
• The third challenge is the social challenge, where the society is under the continuous threat of war, conflict, and uncertainty.

Amidst all the challenges that dawned upon the human race, academia holds the onus to provide not only better managers but better human beings to put society back on the path to recovery.

Steps undertaken by new-age B-Schools promoting new learning implications

• A Tripartite agreement

Certain institutes have carved out the path of a tripartite agreement, including institute, industry, and students. Under the initiative, the institutes have joined hands with industries in order to promote appropriate skilling of the students.

Corporates indeed understand the practical challenges that are faced by the employees in day-to-day business, whereas academia supports the conceptual clarity regarding various areas of management. Students also contribute with their cooperation by fully immersing themselves in the sessions designed for them.

• Corporate mentorship

Along with the tripartite agreement, corporate mentorship is also aiding the management graduates to understand the changing dynamics of the industry. Among the other implications and initiatives, corporate mentorship has been doing exceedingly well. Students are facilitated with industry-specific assignments that make them corporate-ready. The industry also gets added support to take up the minute, detail-oriented tasks with the help of the young graduates.

• Pedagogical interventions

Pedagogical intervention with the onset of multiple online seminars, webinars, conferences, and classes is a must. B-Schools have sought a hybrid approach to focus on the skill development as well as the domain enhancement of the students. The institutes have resorted to seeking the help of various interactive tools like Padlet, Canva, Google forms, Google quizzes, Menti meter, Direct poll, Kahoot to make the sessions engaging and responsive. Such tools are among the new learning implications of colleges for management education.

• Mentoring for career building

Mentoring has proven to be extremely beneficial for those entering the industry and seeking corporate exposure. The new-age B-Schools have adapted to a well-defined and outcome-oriented mentor-mentee program. It includes management graduates being guided by the faculty pertaining to their career-related decisions, considering various skills and personality types that the students possess.

Conclusion

Digitally savvy management graduates with innovative, creative, and solution-oriented outlook are the current need of the industry. In this regard, academia holds a huge responsibility, including reducing the skill gap and providing the industry with trained professionals. They are expected to not only solve the prevailing problems but also anticipate future trends while designing a well-suited solution for smoother operations.

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