An Analysis of the Efficacy of South African MBA Programmes in relation to the 4th Industrial Revolution

Abstract

Background: MBA programmes are considered flagship business programmes for business individuals. Business schools are often revered for being cutting-edge and critical business thought centres. However, over the years, programmes such as the MBA have been criticised due to their relevance. Changes such as the Covid-19 pandemic, the 4th Industrial Revolution, and increasing global political instability have resulted in harsher trading environments for business. As the business landscape evolves, so too are business schools’ programmes, such as the MBA, required to evolve. Purpose: This study explored the efficacy of a sample of South African MBA programmes concerning their perceived efficacy in developing leaders fit for the 4th Industrial Revolution. Methodology: The study conducted a series of semi-structured qualitative interviews with identified stakeholders relating to the business school ecosystem to explore perceived opinions of the efficacy of business schools in programmes such as the MBA. Findings: The analysis from the interviews revealed that MBA programmes in South Africa need to enhance their focus on aspects such as technology-linked technical skills, as this is a key driver that continues to shape the business landscape.