AACSB Explores delves into the insights and experiences of some of business education’s top thought leaders as they discuss major issues and developments facing the industry and business schools worldwide. Visitors can browse through the video conversations within each segment or read the transcripts.
In looking forward to the future of business and the impact of new and rising technologies, business educators and industry leaders discuss the need to grasp not only what technologies are being used now, but what may be used tomorrow.
[00:34] Therefore, the leader's role becomes much more helping people understand what the goals of the organization are and to do that in an inspiring way, but also to coach and support them to make the right and good decisions.
[01:06] These days, it goes much, much beyond that. Students and the business community expect us to be more technologically savvy. Technology has changed the way we do business, the way we teach, and the way we act in the academy.
[01:43] Preferably, it's done in partnership with industry, so industry are helping us set the problems that they want to find the solutions for. An even more important way is actually through our students.
[01:56] In working with our students to promote the importance of well-being in their own lives, they're then taking that into industry. Industry can see the importance in their workforce that well-being means particularly as we'll all be working longer lives.
[02:29] You have simultaneously to be very long-term committed, but at the same time to be able to grasp opportunity and to seize the spirit of the moment. Let me take an example, the length of a student social generation, which mean a class of age which behaves more or less in the same way.
[02:55] Today it is considered to be four to five years in the Western world. It's considered to be two or three years in China. Our students, just a few years after, are not the same students we are addressing to. For this reason, the speed we can incorporate non-predicted changes has to be quick, while we have to think strategically about what we want to do in the next 5 or 10 years.
[03:46] We're able to update our curriculums and our learnings much faster than traditional approaches. This may sound like a disruptive threat to the way that schools view their relationship with corporations or with their students.
[04:03] Actually it's an opportunity because we can be idea generators. We can be thought partners. We can engage with schools to better serve their students. We can find novel ways to blend the research and academic understanding that the university setting has and the convening power the university setting has with our real-time practitioner learnings.
[04:45] This is why we begin to see a lot of rhetoric from breaking up big pact, to increase regulation to protect consumer in data privacy, to open AI so that smart machine would no longer be proprietary algorithm operating in a black box, but rather to become explainable.
[05:06] Almost a nutritional label so the end consumer would understand this is safe, we know where the dataset is coming from. If we were to change the algorithm, it would be fair at a societal basis.
[05:20] I think monopoly or monopolistic behavior has been historically been pretty much embraced, unfortunately, by business school. That's going to change rapidly. Otherwise, business school in general would be rendered irrelevant.
Filmed April 2019 at AACSB's International Conference and Annual Meeting (ICAM) in Edinburgh, Scotland.