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With the rise of exponential technology, the industry life cycle that saw an organic growth till 2000, is now experiencing a non-linear growth at this time of Industry 4.0. With the rapidly changing nature of work outside, today’s youth needs a different charter of learning to prepare for this.
The World Economic Forum (WEF) report on 21st century skills, further complemented and validated for its relevance to India by the IFIM Business School and the National Human Resources Development Network (NHRDN) study ( http://ifimbschool.com/ifim-nhrdn-report/), has clearly established that the business schools need to focus more on developing the being and the capability of doing.
There is a call to action for business schools to set an agenda for the academic framework to groom leaders beyond tomorrow. It is apparent that there is an urgent need for good BBA programs in India in sync with the developed countries. Question is, who can now take the lead? It is incumbent on the top schools especially the ones benchmarked with the global standards, like AACSB accreditation, to set the standards, with futuristic curriculum, pedagogy, faculty, and global partnerships.
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