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Abu Dhabi University September 7, 2013 Reinventing Business Education: The Way Forward JACOB CHACKO ABU DHABI UNIVERSITY
Abu Dhabi UniversitySeptember 7, 2013
Reinventing Business Education: The Way
Forward
JACOB CHACKOABU DHABI UNIVERSITY
Abu Dhabi University
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Current Situation in the UAE
Abu Dhabi University
57% of institutions Offering Business Programs in the UAE are international
25% are locally accredited by the UAE Ministry of Higher Education and Scientific Research www.caa.ae
44% are locally accredited by the Knowledge and Human Development Authority (KHDA) www.khda.gov.ae
45% of students in the UAE are enrolled in business programs
Institutions Offering Business Programs in the UAE
Institutions Offering Business Programs Number of Institutions
Federal 3
Private - International 49
Private - Local 34
Total 86
Source: British Council, CAA, KHDA
Abu Dhabi University
UK, USA and India are the top three source nations, accounting for 73% of all international business programs in the UAE
1 (2%)1 (2%)1 (2%)1 (2%)1 (2%)1 (2%)
3 (6%)4 (8%)
10 (21%)13 (27%)12 (25%)UK
USAIndia
AustraliaFrance
CanadaBelgiumPakistan
IranRussia
Sri Lanka
Country of Origin of International Programs
Source: British Council
Abu Dhabi University
Tuition Fees in the UAE
Program Range (AED Per Year)
Undergraduate Programs
18,000 – 78,000 ($5K-22K)
Masters Programs 22,000 -309,000 ($6K-84K)
Doctoral Programs 62,500-110,000 ($17K-30K)
*Fee discounts ranging from 5% to 30% are offered to students based on merit
*Family discounts are also offered by some universities
Abu Dhabi University
So what do majority say?
Programs are here because they are making money.
So why change a good thing? Why rock the boat?
Abu Dhabi University
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Guess the Company???????? ______ has been turning creative ideas into
breakthroughs for well over a century. They invented grammar checker. They invented electronic dictionaries in
1985. They invented laptop word processor in
1989. They invented the PDA in 1994.
Smith Corona“The Best Typewriter Company in the World.”
Abu Dhabi University
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Signs Ahead Business EducationIrrelevance
Value Proposition/Affordability
Global Competition Accountability
Ranking
Business Models
Credentialing
Increasing Choices
Diversity
Skill-Set Mismatch
Employer Expectations
Abu Dhabi University
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Changing Signs
Students
Purpose of
Business
Economic Power
Technology
Abu Dhabi University
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It is the best of times and the worst of times……for Business
Abu Dhabi University
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So we should ask ourselves:How do we develop graduates? What is our value proposition?
Impact of MOOCs?
Abu Dhabi University
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Innovate or Perish!
Abu Dhabi University
Possible Ways ForwardCurricula: Innovation
Experimentation Risk taking
Adaptability Interdisciplinary Focus
System Thinking Entrepreneurship
Triple bottom line Local Relevance Effective Ethical Education
Abu Dhabi University
Possible Ways ForwardMethod of Delivery: Mobile Learning
Practice-based Learning Credentialing
Rethink Chronological Learning Are Textbooks Still the Best Tool?
Assessment of Impact Knowledge Creation in Classrooms
Abu Dhabi University
Possible Ways ForwardFaculty Preparation: Industry Internship
Facilitators of Discussion/CreativityPartners in Learning
Practice-based Research
Student Responsibilities: Engage Across Disciplines
Engage with Faculty/Engage in ResearchSeek Information from Diverse Sources
Look for Global Opportunities
Abu Dhabi University
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Thank you
