How the pandemic may change how MBA programs are taught - Macleans.ca

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Even before COVID, business schools were starting to question an idea that had seemed almost unchallenged until quite recently: the idea of an interconnected global economy

The pandemic poses a challenge to some of the basic theories of business education—and how they are taught by the Canadian author Gordon Korman, the protagonist writes a political science report on the governmental structure of an obscure monarchy whose ruler is overthrown and executed on the day the report is due. All the hero can do is add “UNTIL YESTERDAY” to the title.

Recessions are not a bad time for business school enrolment, as more people choose to focus on education rather than enter the job market. Jim Dewald, dean of the University of Calgary’s Haskayne School of Business, says that his school’s applications for graduate management programs “are up over 50 per cent for this fall.

A structural reason why MBA and EMBA programs are, as Dewald puts it, “not prone to quick shifts in understanding,” is that a lot of the curriculum is built around principles that are expected to apply for decades or even centuries. Thinking too much in terms of current or recent events is frowned upon. Dunne says that introductory courses are taught “at a level that, ideally, should be able to accommodate pretty much anything that happens.

And while pandemics mostly bring short-term change, they can exacerbate or speed up changes that were already happening. Dunne says that, even before COVID, business schools were starting to question an idea that had seemed almost unchallenged until quite recently: the idea of an interconnected global economy. “Up to 2016,” he recalls, “it seemed inevitable that economies around the world would become increasingly interconnected as trade barriers fell.

 

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