5 ways the COVID-19 pandemic is a game-changer for the business education ecosystem
The COVID-19 outbreak is having profound effects on every single person on the planet.
Of course the harshly-felt health, safety, economic and mobility drawbacks of this pandemic are at the forefront. However, this unprecedented disaster is also triggering outcomes that are causing all types of institutions to rethink their modes of operation and even their strategies.
Well-established business beliefs about travel, supply chains, healthcare, communications and many other areas have been shattered by this global disruption. Business education is no exception; B-Schools have been caught off guard with varying degrees of defensive preparedness.
Many are improvising while banking on some of their already established models; others are already feeling the pain of having less agile tools. Understandably, everyone is currently in the reactive and fire-fighting mode.
Once the effects of this pandemic begin to dissipate, an inclusive and very candid conversation should take place within the business education ecosystem. This would include B-Schools, accrediting bodies, ranking agencies, employers and other stakeholders. The core of this discussion would be one thing; how to stay prepared and how to remain relevant.
While scenarios remain fluid, five main effects are expected.
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