Vice president at Ritsumeikan Asia Pacific University, Kenji Yokoyama, shares his thoughts on business schools needing to be accessible and prepared to supply education with an older student base, not necessarily to get a degree, but to keep updated on the skills needed to succeed in today's workforce.
Kenji Yokoyama: [00:00] Lifetime employment is that you expected to work for certain one company for a long time. Right now, aging society, like Japan, people want to work long, but we used to have a retirement age. When I was younger, the retirement age used to be 55 years old.
[00:41] After that, it raised up to 58. Right now, 60, but if they want, company have to keep employing someone up to 65 years old. The age get longer, extended to 70, 75 years old. For that, business education must play a very important role. Schools have to acquire enough theories and practical skills and to keep giving to needy people, people who work for a long time.
[01:14] 60 years old, they have got a lot of experience, but they have less experience in using high tech equipment, something like that. They have to receive proper training. In that case, the purpose of business education is not to get a high degree but keep yourself update to the latest technology, skills, and expertise.
[01:43] They don't have to get a degree, necessarily. That is why recurrent education and lifelong education is important from that perspective.
Filmed at AACSB's Annual Accreditation Conference in Washington, D.C., September 2018.