06 January 2019
Business schools in Singapore need an urgent overhaul in order to stay relevant in today’s fast-evolving economy.
Firstly, business schools in Singapore need to establish closer partnerships with industry leaders and enlist them in developing programme components.
Secondly, instead of passive knowledge acquisition, business schools should design their programmes to focus on practical applications with a core emphasis on real world results.
Business programmes should aim to get students out of the classroom and into the competitive world of solving real problems. They could hold hackathons, business competitions or pilot studies.
Thirdly, in lieu of grades, business schools could track students’ follow-on funding or revenue generated through hackathons or business competitions, complemented by annual reviews that track students’ assessment of their own growth and 360-degree feedback from mentors, customers and team mates.