Mon, 16 December 2019
Martin Boehm is the Dean of IE Business School, one of the world’s leading higher education institutions. It is based in Madrid, Spain, but most of their programs consist of 80-90% international students.
The business school was ranked the 3rd European Business School by Financial Times, 1st Worldwide Distance Online MBA by QS, 1st Business School in Europe and 3rd in the world by The Aspen Institute, and 3rd Non-US MBA Business School by Forbes, just to name a few of their awards.
Education hasn’t changed much over the past 100+ years and it is becoming more apparent that we are in desperate need of change in this area. With all of the technological advances, the evolving workforce, and an incredibly face pace of change in the world today we have to update our way of educating to allow students to prepare for the future of work. And that is just what Martin and his team at IE Business School are doing.
One thing that has to change is we have to move from simply imparting knowledge and facts to students to helping students develop skills. In order for students to be prepared for the future they need to have skills like learning agility, curiosity, collaboration, problem solving, etc...So that instead of focusing in on one certain career path they have a wide set of skills that allow them to continually adapt and reinvent themselves when needed.
We are no longer living in a world where a person can study a specific field in college, graduate with a degree, and then work for the same company for 25, 30, or 40 years. With AI, automation, and new job creation individuals need to have a different set of skills and mindsets while in school as well as after graduation.
As Martin shares, “I think we have to reinvent ourselves or we're going to have to reinvent ourselves over our career multiple times. Maybe you might've heard people talk about the so-called T model, right? Where they actually say, well, education is about having a broad foundation. I mean some basic skills and then the T is essentially about, I have to specialize and become an expert in something. Right? And that's going to serve me for the rest of my life over the next 30-40 years. I'm going to, that's what I'm going to be doing. I think what we're going to have to do is we're going to have to evolve from this T model to more of an M model or W model, which means, I mean there's going to be multiple times and throughout your lifetime, throughout your career where you might have to reinvent yourself and specialize in something.”
So who is responsible for keeping individuals consistently learning and upskilling? Martin says that learning does take some “intrinsic motivation” on the part of the individual. We as individuals need to do our part to find ways to learn new skills. We cannot leave this up to universities and organizations.
But organizations do not get a free pass either. Martin says, “For instance, if I as a CEO, if I as an organization understand that my company is going or my industry for the matter of fact is undergoing a fundamental transformation that is going to leave many of my employees and their skills as obsolete. I think I have an obligation. I think I have a responsibility as well to push them, to help them to actually transform in line with the industry in order to be able to acquire these skills in order to remain and stay relevant.”
What you will learn: