The Future of Management Education

Business schools are more and more popular within the youth generation because everyone is related to business directly or indirectly. For instance, in 2006, 10,000 students applied at McGill’s Desautel faculty of management and 600 were chosen for the Bachelor of Commerce. Because the demands for B schools are enormously high, the faculties can only afford a limited number of places and there is also a lack to provide an effective and efficient education.

The Problems are:
§ The classes are filled up with many students and the teachers are not able to give enough time for everyone of them.
§ The majority of the courses rely on theoretical aspects and less on real life application.
§ There is often a lack of relationship between the student and the professor.
§ Most of the teachers don’t make students think out of the box because they give the typical paper-homework.
§ Too often, the students don’t interact enough between each other, which could help them create a network for their future.

The Solutions and the ideal course:
I believe that one of the major solution is to reduce the number of students per class. The ideal number would be between 30 and 50 students by course. This will enhance the interaction between students and professors.
Moreover, each management course needs to have a blog and use it. It will give the opportunity for the students to communicate and brainstorm new ideas about any subjects.

Innovation:
I believe that students need to use the power of technology to get in touch with other students outside the country. For example, professor Fahri Farakas showed us how to get in touch with undergrads from Turkey. Through the usage of Skype, two students are able to discuss about international news, come up with new ideas, learn from each other, and understand each others culture and lifestyle. This process will favour both parties because they will master cross-cultural skills and as future managers of the 21st century it is certainly a critical competence to have.