The Evolving Business Education Environment

The Evolving Business Education Environment

Mohammad Ayub Khan (Tecnológico de Monterrey, Mexico)
Copyright: © 2015 |Pages: 12
DOI: 10.4018/978-1-4666-6449-4.ch001
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Abstract

This chapter includes an in-depth analysis of the evolving and dynamic environment that surrounds business education management and institutions. Specifically, this chapter intends to elaborate on two fundamental issues about business education: the concept and scope of business management education explained from different perspectives and the environment of business education (institutional environment, company environment, and general environment). This chapter finds that the current global environment is highly dynamic and unpredictable, and therefore, organizations in all fields including institutions of higher education must be innovative, future-oriented, and global-minded. Business schools should focus on collaborations across institutional and geographical boundaries and maintain high talent. Recognizing the emerging demands of various stakeholders in higher education and designing inclusive and dynamic academic programs are some of the strategic actions all business education institutions may and should pursue.
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The Environment

The world looks different from here, goes the slogan of the Peter B. Gustavson School of Business, of University of Victoria, Canada. The information provided in the website of this business school reads “The school approach to teaching is international, integrative, innovative, and sustainable. Its programs include a mandatory co-op program, international exchanges, and overseas co-op work opportunities. Faculty members teaching for this business school are required to have research experience, teaching abilities, business experience and the ability to communicate fluently in other languages, amongst others.” These days the three Is (international, integrative and innovative) are making big headlines in news about business education. Interestingly, the required profile of the business faculty does not only involve teaching experience but also and most importantly research expertise, field experience and international exposure.

The environment of business education is looked at from three different perspectives:

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