Reimagining management education: Navigating the shift to education 4.0 in the digital era

Abstract

The research examines the effects of Education 4.0 principles on management education, emphasizing the transformation of teaching methodologies, student experiences, and digital competencies through emerging technologies and creative pedagogies. The analysis was based on surveys conducted with 150 students and 50 educators from three business schools, along with in-depth interviews. Research indicates a mutual acknowledgment among students and instructors about technology's crucial influence on improving instructional efficacy and information retention, alongside a pronounced desire for hybrid learning modalities. However, maintaining online interpersonal connections remains challenging, and continuous skill development is vital given rapidly shifting demands. Significantly, insufficient infrastructure, limited faculty training, and inadequate managerial support hamper flexible, student-centered curricula and slow blended learning adoption. By illuminating pragmatic strategies to mitigate faculty resistance, address resource gaps, and recalibrate institutional policies, this paper extends beyond generic Education 4.0 discussions. Technology positively influences academic performance and work-life balance but raises critical issues of equitable access and digital readiness. Conclusively, the study offers fresh perspectives on implementing Education 4.0 in business schools, providing recommendations for curriculum design, faculty development, and institutional policy. The framework seeks to provide future graduates with Industry 4.0 competencies, facilitating innovative management education that responds to the intricacies of the contemporary corporate environment.