Creating future managers

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