Faculty of GL Bajaj Institute of Management & Research, Greater Noida attended an online webinar on the topic “Redesigning the MBA Program for the Future” which was organized by Association of Indian Management Schools (AIMS) on Monday, May 25, 2020 under the visionary guidance of Dr. Ajay Kumar, Director, GLBIMR.
The speaker of the session was Dr. Jagdish N. Sheth, Padma Bhushan Awardee 2020, Charles H. Kellstadt, Professor of Business at Emory University and Prof. (Dr.) Uday Salunkhe, Former President, AIMS and Group Director, WeSchool & Dr. Sujata Mangaraj, President, AIMS & Director cum Dean (Academics) Bhavan’s Centre for Communication and Management, Bhubaneshwar were the moderators of the session.
During the session, Dr. Jagdish N. Sheth shared his insights about how MBA is bound to have a tectonic shift in the view of changing corporate expectations, current economic scenario and disruptions. He said that Business Studies remains one of the most sought after courses at undergraduate and graduate levels (e.g. MBA). He stated that Business Schools are undergoing significant change due to disruptions like Covid-19 which makes it necessary to evaluate new models and innovative approaches for management education. He also added that Management Schools have to adapt to external challenges and opportunities. He analyzed that the traditional brick and mortar business models of many business schools are being questioned given their serious financial difficulties due to high fixed costs and lower demand. He added that now it’s time to explore other more cost-efficient business models. He further stated that keeping large lectures online could actually pave the way for more efficient face to face learning time & in-person meeting time should be reserved for critical discussion and fieldwork. He emphasized that speed and agility are essential as it relates to curriculum changes and faculty responsiveness to new topics & new competencies. Before concluding, he said that it’s important for institutions to evaluate their remote teaching strategies after COVID-19 crisis subsides.
Overall, it was a highly informative and insightful session.