The pandemic has put the business, IT systems and digital capabilities of most organizations through a stress test.

Today’s age is witnessing an entirely new VUCA world and today’s business landscape is no exception. Nail-biting rapid changes are precipitating in the ‘business verse’ brewing with companies, some already established, some start-ups and some Unicorns; changes that require resilient professionals armed with new age insight and skills. The pandemic has put the business, IT systems and digital capabilities of most organizations through a stress test. To survive, sustain and grow in the ‘New Reality’, organizations’ strategy, culture and leadership must undergo a 360 degree transformation.

The ongoing digital revolution has further exacerbated the dynamic business environment in which the latest trends such as machine learning, artificial intelligence, mechatronics, cryptocurrencies, NFT (non-fungible tokens) marketplaces and many more have the potential to open up a new horizon of career opportunities. to open. Trends such as ‘Metaverse’, which allow us or our avatars to sit next to our globally-based colleagues, will phenomenally change the concept of networking and teamwork. According to KPMG 2021 CEO Outlook Pulse Survey, nearly 74 percent of business leaders said their operations have already been digitized.

These trends have far-reaching implications for both ’employers’ and ‘job seekers’. For employers, the ‘work from anywhere’ revolution has provided employers with a talent pool from around the world where location is no longer a major constraint. Companies no longer have to fight a bidding war for skilled labor in key geographies, nor do they have to incur the huge costs of relocating employees, as they now have the ability to find a skilled talent pool anywhere in the world and that also, usually at a significantly lower cost. For workers, it’s actually a double-edged sword, as most of the jobs of the present age will be obsolete tomorrow, while most of the new jobs that will be released in the future will not exist today. In addition, in the coming years many hundreds of millions of new candidates will compete to enter the job market in a scenario of cutthroat competition.

One of the most pertinent issues in this scenario is: how can a student realistically compete for new types of jobs, in emerging technologies, when they are devoid of the required skills? It is the primary responsibility of educators to address the myriad challenges and opportunities brought forth by the digital age and accordingly equip the budding professionals with the kind of skills absolutely necessary for their future careers. The government also expects higher education institutions to employ ‘work-ready’ graduates who can contribute to the economy. Unfortunately, statistics show that most of today’s educational institutions do not adequately prepare students for the job market, placing too much emphasis on academic subjects rather than focusing on the development of vocational skills. At IMS Ghaziabad, the 32-year legacy has always emphasized education, training, research and advice to equip the young minds with the skills of the 21st century workplace. In line with the need to develop efficient and trained professionals for Industry 4.0, the focus is on developing content skills, cognitive skills, complex problem-solving skills, social skills and environmentally aware thinking in the students.

Numerous new and innovative skills enhancement initiatives such as value-added certification programs, value-added short-term training programs, center for innovation and entrepreneurship, student outreach, competency mapping; life skills development initiatives such as personal and professional skills programs, mentoring, student psychological counseling program, departmental clubs; Corporate Readiness initiatives such as Placement Readiness Enhancement Program, CSR Activities, Pre-Pplacement Preparedness Committee, Corporate Interface Series; Global Interface initiatives through Distinctive Talk Series, Global Academic Collaborations, International Study Tour; Corporate Interface initiatives such as Corporate Development and Excellence Centre, AICTE Sponsored Programmes, Conclaves and many more are woven into the tapestry of the PGDM program. Based on the top ladders of Bloom’s Taxonomy, our curriculum is constantly updated in collaboration with industry and academic stalwarts to meet the dynamic needs of the business environment. To promote research and quality in the education system, the institute has collaborated with renowned national and international organizations.

To overcome the inevitable winds of change, the young generation must develop within themselves the crucial ability to be agile when it comes to learning and absorbing new information, knowledge and skills. Students need to understand that learning agility is the burning need of the hour. By being agile, they will be able to navigate their way through a new situation without really knowing what to do, intelligently using past and present experiences to make sense of an uncertain situation. Moreover, it is of utmost importance that the students, who are the future of our country, spread their wings without any boundaries, so that they can experience the vastness of their hidden potential.

More than just paying the bills, work helps anchor the youth of the country, making them feel productive and part of something bigger and more meaningful than themselves. Failure to meet this legitimate need of the young generation will undoubtedly sow the seeds of misalignment and social instability. With the economic engine back on track for recovery, higher education institutions need to rethink their critical role in making productive and employable professionals. As organizations worldwide transition into the New Reality in the dynamic times, management education institutions must adopt a growth mindset, a collaborative spirit, and a forward-looking approach to education and skills development.

What turn the new era will take in the near future is a mystery, but as the world keeps pace with acceleration, educators must intelligently make the strategic choice between jumping or getting ready and enjoying the ride.

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