Now is the time for MBA Programs to acknowledge the ever-increasing rate of change and its impact.
In 1937, philosopher Paul Valéry wrote, “The future, like everything else, is no longer quite what it used to be. By that I mean we can no longer think of it with any confidence in our inductions.”
In an MBA context, this quote reminds us that the MBA’s future is no longer what it used to be. It also reminds us that the premises, prior data, or experiences we use for MBA program planning is unlikely to lead to the same or similar outcomes of past years.
The good news is that graduate management education (GME) program leaders see that traditional planning assumptions are no longer valid. For example, during the most recent Part-Time and Online MBA Conferences, three topics emerged showing new assumptions are driving program planning and curriculum change. They are the rate at which change is occurring, technology growth and adoption rates, and the future of work.
Rate of Change Follows Its Own Fast Path