Making Management Education Relevant for the 21st Century

The aim of the study was to understand the missing link between management education and the corporate world in order to develop recommendations to help strengthen the partnerships between management educational institutions and businesses. In interviews with more than 200 CEOs and Human Resource Managers we recognised that the negative demographic trends which impact the recruitment and retention of the best people, the implications of the 4th Industrial Revolution, new competitors in the market and the change in customer needs, are currently the most significant challenges faced by the business sector in the CEE region. These challenges require new leadership styles, reinvented business models and organisational cultures, and employees with cognitive flexibility who are eager to continuously develop and 'unlearn' in order to relearn. Management education has a crucial role in...