Reinventing Business Education:

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