Business Education in Africa Eon Smit USB

Diversity Measures Size30 million km 2 20,4% of land area Population size900 million 14% of world population Countries61 Currencies44 Official languages26 Area distribution20 – 2,5 million km 2 Population distribution4,250 – 133 million GDP per capita distribution$600 - $50,200

Global RealityCharacterisationEducational implication Multi-polar world order Lack of coherence and leadership Interdependence New generation leaders Global focus Skills integration Demographic imbalances Political tensions Geographical instability Dispute settlement Sustainable development Social responsibility Environmental imbalances Global warming Resource depletion Pandemics Sustainable environments New economy convergence Knowledge worker Mobile labour force Impart useful skills Practical up-skilling Instil entrepreneurial skills Crisis in values Corporate disasters Political corruption Sustainable business Corporate governance Ethics Educational implication for global realities

Importance of Management Education  Create absorptive capacity  Form basis of economic growth  Support NGO sector  Support creation of micro, small & medium enterprises  Prevent brain-drain  Build leadership capacity

Business schools losing their way Should be focusing on the requirements of a profession Fail in imparting useful skills Fail to instil norms of ethical behaviours Fail to lead graduates to good corporate jobs or to instil entrepreneurial skills Fail to appoint people with practical experience Fail to research real-world problems Fail to integrate functional skills Fail to develop business leaders

Possible future directions Globalisation Skills integration (multi-skills) Knowledge, skills, attitudes, values Leadership focus Complexity Personal development Professionalise Coaching Dispute Settlement Passion and initiative