The global pandemic and management education: Is management education a valuable long-lived financial asset?
Publication Type
Book Chapter
Publication Date
6-2022
Abstract
The pandemic-induced surge of stimulus spending from major central banks and the subsequent adoption of socially distanced learning prompted a much-needed change in management education. Prior to the pandemic, many business schools had resisted transformative change mainly due to the administrators’ and faculty’s preference for the status quo. Potential participants in management programmes could now reevaluate their willingness to pay often high tuition fees and choose instead from the myriad of innovative often cheaper hybrid management degrees to enhance their own human capital asset rather than search for possibly higher returns in potentially inflated external assets (such as stocks and bonds). COVID-19 has unwrapped the potential asset value of management education to society due to the widespread acceptance and stronger appreciation of blended/hybrid learning in education across the board. Quality universities ranked just outside the cadre of elite schools have managed to democratize management education and make it more inclusive, using a creative mix of hybrid and in-person delivery at a better tuition price point. These new innovative offerings enabled prospective students to enroll for these technology-enabled, hybrid part-time MBA or professional degree programmes and enrich their human capital to address societal challenges more effectively.
Keywords
Business education, higher education, management education, value of education
Discipline
Business | Higher Education | Public Health
Research Areas
Strategy and Organisation
Publication
Managing complexity and Covid-19: Life, liberty and the pursuit of happiness
Editor
Aurobindo Ghosh, Amit Haldar, & Kalyan Bhaumik
First Page
1
Last Page
17
ISBN
9781032115160
Identifier
10.4324/9781003218807-4
Publisher
Routledge
City or Country
Abingdon
Citation
THOMAS, Howard and GHOSH, Aurobindo.
The global pandemic and management education: Is management education a valuable long-lived financial asset?. (2022). Managing complexity and Covid-19: Life, liberty and the pursuit of happiness. 1-17.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/7062
Additional URL
https://doi.org/10.4324/9781003218807-4