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  • SOIL Grads Manage To Stay Relevant In An Ever-Changing Business Environment

    30 Dec 2022
    • admin
    • Industry Insights
    Share

    The COVID-19 Pandemic had a profound impact on the entire world. As the world got around to navigating the challenges of COVID-19, geo-political tensions surged with the Ukraine conflict. More recently, the COVID virus threatens to stage a comeback and cause further chaos.

    The business world too needed to quickly and effectively respond to these disruptions to the normal. And while these disruptions of the moment to businesses came without warning and had no precedents, they came with a lesson. The next generation of managers needs to be equipped with the knowledge and skills to navigate a dynamic and challenging business world.

    SOIL Grads Manage To Stay Relevant In An Ever-Changing Business Environment.

    To survive and remain relevant, businesses should be able to have a quick and effective response to changes. This requires a deeper understanding of disruption which is not covered by any textbook. Uncertainty will further amplify the need for leaders with strong management skills. The ability to create a vision and inspire and lead teams through uncertain times and disruptions will be at a premium. MBA students should be able to imbibe and practise these skills for a resilient future.

    The business world today is characterised by a VUCA world—Volatile, Uncertain, Complex, and Ambiguous. This requires management education to turn VUCA positive and rely on Vision, Understanding, Clarity, and agility.

    The COVID-19 Pandemic had a profound impact on the entire world. The business world too needed to quickly and effectively respond to these disruptions to the normal. The next generation of managers needs to be equipped with the knowledge and skills to navigate a dynamic and challenging business world.

    Going Forward

    It is key for management professionals to understand that change is inevitable in the ever-transforming corporate world. It is also key for them to understand that change is the very thing that would keep them relevant in an ever-transforming job market. It is important for management professionals to be well-informed before deciding how they would plan to navigate their professional life. In this exciting scenario, constant change and evolution prove the value of an MBA education more than ever before.

    The changing needs of employers and businesses require a balance between technical and soft skills including interpersonal skills. The importance of soft relational skills for business graduates can complement technical skills taught to equip management professionals to deal with the demands of a complex global business environment. The needs of varied stakeholders and possible barriers to change require an evolution of sorts of teaching methodologies by B-schools.

    The fundamental drivers behind the changes in business education and MBA course curricula require a shift from the typical thought that a manager could spend his entire career within a single function of an organization. Organizations are assuming a flat structure and leaders should be capable of leading and managing across the boundaries of function, geography, organization, industry, and sector.

    It is also key for management professionals to understand that change is the very thing that would keep them relevant in an ever-transforming job market.

    Managing In A Ever-Changing Business Environment – The SOIL Vision

    SOIL Institute of Management, was established in 2008 to address the challenges of changing the reality of our current times. The underlying belief was that businesses, in the course of their routine operations, can create social good, ecological balance, holistic development, and healthy international relations if they choose to act in inspired ways. This vision led to a teaching methodology that could inculcate inspired thinking and consequently inspire actions in the business leaders of the future who would contribute to the triple bottom line of social well-being, ecological sustainability, and shareholders.

    The challenges of a dynamic business environment were addressed by a structured MBA program that would at the same time be flexible and evolving with the needs of the business world. A combination of functional and relational skills is the way forward and the MBA courses at SOIL take pride in creating managers by nurturing character, building competence by focusing on systems thinking, and igniting a realization of strengths.

    To manage the complexity of a rapidly changing environment, the MBA at SOIL integrates some revolutionary learning methods into its curricula.

    Some of them are briefly discussed below.

    1. Leadership Council – The expectations of the Industry from the Business graduates are envisioned through an advisory board consisting of professionals including academicians, industry leaders, entrepreneurs, social leaders, and consultants. These members are deeply involved in creating a curriculum at SOIL that is in sync with the changing demands of the industry. The result is a relevant and skill-based curriculum that gets refined yearly to give students the best opportunities to create impact.
    2. Experiential Learning – MBA at SOIL promotes student interaction with the industry through a host of activities, project work, and internships. This provides students with an opportunity for exposure to situation learning where they process information, abilities, and attitudes through personal engagement. This also helps students to test their knowledge, skills, and attitudes on cognitive, emotional, and behavioural levels.
    3. Interacting With Mentors – Students actively engage with external mentors who guide them on an aspirational and functional level. This enables students to deepen their understanding of functioning in the corporate world. The transfer of knowledge imparts learning of skills, information, and workplace expectations that help the mentee to understand the business scenario and the application of learning in the corporate world.
    4. Learning Through Case Study – The MBA at SOIL actively engages students through discussions of real-life situations or issues that business executives face in the corporate world. This provides the students with a framework and understanding of how people use the same information sets to arrive at different conclusions. Real-life Case Study involves students in active projects that help them to debate, explore, learn and relate concepts to real-life situations.

    A combination of functional and relational skills is the way forward and the MBA courses at SOIL take pride in creating managers by nurturing character, building competence by focusing on systems thinking, and igniting a realization of strengths.

    Conclusion

    The best MBA courses in demand have traditional and functionally defined curricula. This gets in the way of developing lateral thinking and coordination capabilities in the students. The MBA at SOIL follows a pedagogy that reflects the demands and reality of the corporate world. The MBA at SOIL is not linear in approach and inculcates lateral thought processes that help in assembling information from multiple inputs. This adoption of the curriculum and pedagogy will help the MBA education to redefine its relevance and help students to achieve and remain relevant in the 21st-century organization and beyond.

    The MBA at SOIL follows a pedagogy that reflects the demands and reality of the corporate world. The MBA at SOIL is not linear in approach and inculcates lateral thought processes that help in assembling information from multiple inputs.

    FAQs
    • What happened to businesses during the pandemic?

      The COVID-19 Pandemic had a profound impact on the entire world. As the world got around to navigating the challenges of COVID-19, geo-political tensions surged with the Ukraine conflict. More recently, the COVID virus threatens to stage a comeback and cause further chaos.

      The business world too needed to quickly and effectively respond to these disruptions to the normal. And while these disruptions of the moment to businesses came without warning and had no precedents, they came with a lesson. The next generation of managers needs to be equipped with the knowledge and skills to navigate a dynamic and challenging business world.

    • How will management professionals cope with the rapidly changing business environment going forward?

      It is key for management professionals to understand that change is inevitable in the ever-transforming corporate world. It is also key for them to understand that change is the very thing that would keep them relevant in an ever-transforming job market. It is important for management professionals to be well-informed before deciding how they would plan to navigate their professional life. In this exciting scenario, constant change and evolution prove the value of an MBA education more than ever before.

    • How does the SOIL Institute of Management cope with the dynamism of the business environment?

      SOIL take pride in creating managers by nurturing character, building competence by focusing on systems thinking, and igniting a realization of strengths. To manage the complexity of a rapidly changing environment, the MBA at SOIL integrates some revolutionary learning methods into its curricula.

    • What is that one thing that the best MBA courses in demand, have in common?

      The best MBA courses in demand have traditional and functionally defined curricula. This gets in the way of developing lateral thinking and coordination capabilities in the students. The MBA at SOIL follows a pedagogy that reflects the demands and reality of the corporate world.

    • What is the significance of soft relation skills in business?

      The importance of soft relational skills for business graduates can complement technical skills taught to equip management professionals to deal with the demands of a complex global business environment. The needs of varied stakeholders and possible barriers to change require an evolution of sorts of teaching methodologies by B-schools.

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