The IFIM Business School, Bangalore, AACSB accredited management institute and National HRD Network, recently unveiled the findings of their six-month long AACSB-supported study for developing a graduate management curriculum for the Industry 4.0.
The report titled “Curricula 4.0 —Creating Future Managers” stated that management graduates face a gap between what the academia trains them for and how the industry expects them to perform. Some of the new trends in the Indian scenario are:
- Multi-generation workforce: Mixing of industry executives with younger MBA participants
- Need for continuous learning as against education as start and finish: This involves reskilling of practitioners at various levels
- Curriculum needs to be individualised based on learning styles, pace and career stage
- Integration of data, technology and communication in business
- Research as part of curriculum
- Wellness and fitness emerges as critical components of managing self
- Becoming solution-oriented
- The survey focused on identifying the relevance of the required skills mentioned in World Economic Forum’s “Future of Jobs Report 2018’.
- The new skills that will be in demand are:
- Learning orientation & Analytical mindset
- Integration of data, communication and technology
- Solution orientation and problem solving
- Dealing with change and uncertainty
- People and team orientation
- Innovation and creativity
- Social sensitivity & cross cultural orientation
- Managing self-awareness, self-development including wellness
- Entrepreneurial and business orientation
- nGlobalisation