Dr Aamir Suleman, Prof Natanya Meyer, Prof Cecile Nieuwenhuizen

Abstract

This study explores the evolving role of business schools in the context of the 4th Industrial Revolution (4IR), highlighting the urgent need for adaptation in curriculum and teaching methodologies. It investigates the necessity for business schools to equip leaders with skills and competencies to navigate the complexities of the modern business landscape amidst rapid technological advancements and unpredictable changes like the COVID-19 pandemic.
The research synthesises views from a broad spectrum of stakeholders, including academic leaders, MBA students, industry representatives, alumni, and prospective students. It reveals a consensus that business schools must transition from traditional analytical models to innovative, holistic approaches, fostering skills like creativity, ethical leadership, and digital fluency. This shift is essential for producing leaders who are not only competent in technology but also adept in managing its implications in the business world.
The study underscores business schools’ role as agents of change, contributing to societal and economic welfare and anticipating shifts in the business environment. However, it also identifies a gap between current educational offerings and the evolving needs of the business world, suggesting a paradigm shift towards more practical, relevant, and globally adaptable education models. Future research could focus on the limitations and challenges business schools face in adapting to the requirements of the 4IR.