Chicago Booth | Mr. Bank AVP
GRE 322, GPA 3.22
UCLA Anderson | Ms. Apparel Entrepreneur
GMAT 690, GPA 3.2
MIT Sloan | Mr. AI & Robotics
GMAT 750, GPA 3.7
Tuck | Mr. Liberal Arts Military
GMAT 680, GPA 2.9
Stanford GSB | Mr. Social Entrepreneur
GRE 328, GPA 3.0
Wharton | Mr. Industry Switch
GMAT 760, GPA 3.95
Stanford GSB | Mr. Irish Consultant
GMAT 710, GPA 3.7
McCombs School of Business | Mr. Marine Executive Officer
GRE 322, GPA 3.28
Harvard | Ms. Developing Markets
GMAT 780, GPA 3.63
Harvard | Mr. Policy Player
GMAT 750, GPA 3.4
Wharton | Mr. Future Non-Profit
GMAT 720, GPA 8/10
Duke Fuqua | Mr. Tough Guy
GMAT 680, GPA 3.3
Harvard | Mr. CPPIB Strategy
GRE 329 (Q169 V160), GPA 3.6
Harvard | Mr. Defense Engineer
GMAT 730, GPA 3.6
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Kellogg | Mr. Double Whammy
GMAT 730, GPA 7.1/10
Stanford GSB | Mr. Infantry Officer
GRE 320, GPA 3.7
McCombs School of Business | Mr. Ernst & Young
GMAT 600 (hopeful estimate), GPA 3.86
Kellogg | Mr. Engineer Volunteer
GMAT 710, GPA 3.8
Kellogg | Mr. Operations Analyst
GMAT Waived, GPA 3.3
Kellogg | Mr. Defense Engineer
GMAT 760, GPA 3.15
Cornell Johnson | Mr. Indian Dreamer
GRE 331, GPA 8.5/10
Kellogg | Mr. Innovator
GRE 300, GPA 3.75
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
Yale | Ms. Biotech
GMAT 740, GPA 3.29
Stanford GSB | Ms. Global Empowerment
GMAT 740, GPA 3.66

How B-Schools Must Prep for the Next Revolution

 How B-Schools Must Prep for the Next Revolution

The business world is changing, there’s no doubt about it. And with that, so is business education. With globalization, technological advancements and demographic changes, the future of business will look vastly different than it does today.

Margaret Andrews, a contributor at Inside Higher Ed, recently discussed how business schools can adapt to this change and best prepare students for the future of business.

How Skills Are Changing

Creativity will become one of the top three skills workers will need to succeed, according to the World Economic Forum’s report, “The Future of Jobs,” which analyzes the employment, skills and workforce strategy for the future.

“With the avalanche of new products, new technologies and new ways of working, workers are going to have to become more creative in order to benefit from these change,” Alex Gray, a senior writer at World Economic Forum’s Formative Content blog, writes. “Robots may help us get to where we want to be faster, but they can’t be as creative as humans (yet).”

Here are the top 10 skills, according to the World Economic Forum, that are predicted to increase in value for 2020.

Experts call this change the “Fourth Industrial Revolution” – a dramatically advanced societal disruption where robotics, autonomous transport, artificial intelligence, and machine learning will transform the way we live and work.

“Some jobs will disappear, others will grow and jobs that don’t even exist today will become commonplace,” Gray writes. “What is certain is that the future workforce will need to align its skillset to keep pace.”

How Business Schools Need to Change

In her Inside Higher Ed piece, Andrews argues that business schools will need to adapt how they teach students business if they intend to keep up with the advanced changes.

The first change? Refocus on learning as a lifelong endeavor, Andrews says.

“Average life expectancy is rising, more people are wanting (and often needing) to stay in the workforce until much later in life, and the skills they need for the various careers they’ll have will evolve over their lifespan,” she writes. “Colleges and universities need to think this through and create new programs, pathways, and platforms to reach learners at all stages of life.”

In addition, Andrews argues, there must be an increase in both access and innovation in higher education.

“Understand that the way we create and deliver education through the university is quite likely to change,” she writes. “The higher education market is in the midst of unbundling. While this will create winners and losers in the higher education arena, it may be a good outcome for increasing access to higher education and spur innovation in higher education.”

Andrews references Thomas Teal’s 1996 article, “The Human Side of Management”,which argues that we often focus too much on technical proficiency and too little on character.

Andrews argues that this story still rings true today.

“Poor management demoralizes people and ultimately takes a toll on performance,” she writes. “At a minimum, perhaps we should have everyone read Bob Sutton’s first book, on building a civilized workplace book, and his second one on surviving one that isn’t.”

Lastly, Andrews argues that we will need to instill the importance of ethical behavior in our children and students. To streamline this, we’ll need to enact policies that support ethical behavior and laws that punish bad behavior, she says.

“It matters and will help us shape a world – of work and otherwise – that we all want to live in,” Andrews writes.

Sources: Inside Higher Ed, World Economic Forum, World Economic Forum