Navigating Challenges and Nurturing Executive Talent: A Qualitative Inquiry on Executive Education Leading to a New 360- Degree Model for MBA Curricula

Abstract

Amidst disruptions, innovations, and competition, businesses face increasing pressure to secure executives capable of managing these challenges and anticipating and proactively addressing new ones. This study aims to bridge the perceived gap between contemporary business challenges and skill demands with that of existing MBA programmes. More specifically, we focus on four key research questions: (i) What are the key challenges and complexities faced by modern businesses? (ii) What are the critical skills expected from business executives when tackling modern business challenges and complexities? (iii) How can executive education bridge skills gaps perceived by business executives? and (iv) How can business educators design better master’s programmes relevant to local and global challenges and complexities? A qualitative research design was employed in collecting and analysing data. Primary data was collected through four roundtable discussions with key stakeholders, including managing directors, CEOs, past and current MBA students, and MBA educators and secondary data was collected by listening to expert business educators through the analysis of MBA-related documentation from top universities. Our findings confirm significant gaps between contemporary business challenges, skills, circumstances, and educational demands that are either unsupported or under-supported by current business education offerings. Utilising these insights, we propose a new "360-degree Model for Executive Education," using 4Is - insights, impact, ideation, and influence to progressively transform learners into strategic business partners initially and business innovators subsequently. The paper contributes by providing empirical evidence of gaps in current executive education, enriching both theoretical and practical knowledge. Additionally, by introducing a new executive education model, we guide business educators in developing curricula that effectively upskill and reskill individuals, ensuring their success in future-proofing personal and organisational outcomes.