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Reinventing Business Education:

Reinventing Business Education:. The Way Forward. Jacob Chacko Abu Dhabi university. Current Situation in the UAE. Institutions Offering Business Programs in the UAE. 57% of institutions Offering Business Programs in the UAE are international

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Reinventing Business Education:

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  1. Reinventing Business Education: The Way Forward Jacob Chacko Abu Dhabi university

  2. Current Situation in the UAE

  3. Institutions Offering Business Programs in the UAE • 57% of institutions Offering Business Programs in the UAE are international • 25% are locally accredited by the UAE Ministry of Higher Education and Scientific Researchwww.caa.ae • 44% are locally accredited by the Knowledge and Human Development Authority (KHDA) www.khda.gov.ae • 45% of students in the UAE are enrolled in business programs

  4. Country of Origin of International Programs • UK, USA and India are the top three source nations, accounting for 73% of all international business programs in the UAE

  5. Tuition Fees in the UAE • *Fee discounts ranging from 5% to 30% are offered to students based on merit • *Family discounts are also offered by some universities

  6. So what do majority say?Programs are here because they are making money.So why change a good thing? Why rock the boat?

  7. Guess the Company???????? • ______ has been turning creative ideas into breakthroughs for well over a century. • They invented grammar checker. • They invented electronic dictionaries in 1985. • They invented laptop word processor in 1989. • They invented the PDA in 1994. Smith Corona “The Best Typewriter Company in the World.”

  8. Signs Ahead Business Education Diversity Increasing Choices Irrelevance Ranking Global Competition Business Models Accountability Value Proposition/ Affordability Skill-Set Mismatch Credentialing Employer Expectations

  9. Changing Signs Economic Power Technology Purpose of Business Students

  10. It is the best of times and the worst of times……for Business

  11. So we should ask ourselves:How do we develop graduates? What is our value proposition?Impact of MOOCs?

  12. Innovate or Perish!

  13. Possible Ways Forward Curricula: • Innovation • Experimentation • Risk taking • Adaptability • Interdisciplinary Focus • System Thinking • Entrepreneurship • Triple bottom line • Local Relevance • Effective Ethical Education

  14. Possible Ways Forward Method of Delivery: • Mobile Learning • Practice-based Learning • Credentialing • Rethink Chronological Learning • Are Textbooks Still the Best Tool? • Assessment of Impact • Knowledge Creation in Classrooms

  15. Possible Ways Forward Faculty Preparation: • Industry Internship • Facilitators of Discussion/Creativity • Partners in Learning • Practice-based Research Student Responsibilities: • Engage Across Disciplines • Engage with Faculty/Engage in Research • Seek Information from Diverse Sources • Look for Global Opportunities

  16. Thank you

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