one same world of business and education

Good Tuesday to everyone ka!

I just read an article from LinkedIn, entitled, ‘The Six New Rules of Business’  by Alan Murray, Editor of the Fortune Magazine and think there are some interesting implications to our education world ka.

The Editor points out that in this new industrial revolution driven by technology, he’s got 6 points from what Fortune’s Geoff Colvin has written ka (I have yet to read the full article!) Though it refers to modern business (still hear quite a few say that business is different from education! Um! yes but no mai ka!?! If we can get some good thinking and learn the trends, we definitely will do a much better job!), I find it so useful for us to realize how our processes and results for quality graduates and other services need to align with what is and will happen ka.

His 6 points drawn from the article are:

1. You don’t need a lot of physical capital—more sharing economy is seen like Airbnb and Uber.
2. Human capital will matter more than ever—employees have to be carefully picked as ‘they are the company.’
3. The nature of employment will change—more gig work (self-employed, freelance) with much fewer employees in a company.
4. Winners will win bigger, and the rest will fight harder for the remains—only creators tend to make a fortune.  
5. Corporations will have shorter lives—let me quote from the article, which reads, ‘The average life span of companies in the S&P 500 has already fallen from 61 years in 1958 to 20 years today. It will fall further.’
6. Intellectual property knows no natural boundaries—as it creates both value and income to modern corporations.  

Have our universities been aware of the trends and the world our students and younger generations will live and work? Do our curriculums with so many standards imposed allow us to keep up with the reality?

For me the most important questions are for us to ask ourselves whether we as ‘the more experienced’ in the education community know that we don’t know much, what in fact that we need to learn more, and how to act accordingly by becoming very engaged while engaging our students since it will be for their world that could be so very different from ours!

A week for us to think more about our world of education that isn't far off from business na ka.