Outcome-Based Education in Business Schools

Abstract

Traditional approaches to education seem to be a legacy of the industrial revolution which are fast facing value erosion in the context of Industry 4.0. Today, in the VUCA world of disruptions, it is needless to say that the emergence of big data, artificial intelligence, and machine learning have facilitated the emergence of new pedagogies in learning like personalised learning and outcome- based approach to education. The prime focus of outcome-based education (OBE) is on the learning outcomes, which are expected to be attained at the completion of a course by a student rather than how they have attained the desired outcomes. The chapter seeks to provide an insight as to how the teaching learning processes and practices in business schools (management institutions) need to be further revamped to become outcome based to build the necessary skillsets and competencies in learners to increase their employability and develop an innovative and creative mindset in them to effectively meet the challenges of the workplace in future in the context of Industry 4.0. The chapter would draw the attention of policymakers, administrators, and academic practitioners and help them to create and support learning spaces within the academic ecosystem without compromising the individuality, creativity, and innovation of the learners.