Title: Reimagining the future of business education through educational innovation

Authors: May Portuguez-Castro

Addresses: Departamento Académico de Posgrado en Negocios, CENTRUM Católica Graduate Business School, Lima 15023, Peru; Departamento Académico de Posgrado en Negocios, Pontificia Universidad Católica del Perú, Lima 15088, Peru

Abstract: The paper underscores the urgent need for a transformative approach in business education to address 21st century challenges. It critiques traditional higher education for overemphasising theory at the expense of practical skills, leaving graduates ill-prepared for real-world problem-solving. Advocating for a paradigm shift, it emphasises cultivating critical thinking, sustainability, and leveraging emerging technologies like artificial intelligence. Through a Systematic Literature Review (SLR), the paper identifies trends, pedagogical strategies, and innovations that support future-ready competencies. It provides actionable recommendations for designing impactful learning experiences that foster adaptability, global awareness, and meaningful outcomes. Highlighting the importance of equipping students to thrive amid economic, geopolitical, and technological shifts, the paper also explores the broader implications of these findings. It offers valuable insights for educators, policymakers, and industry leaders striving to advance business education in an era of rapid change and complexity.

Keywords: educational innovation; business education; education transformation; complex thinking; artificial intelligence; AI in education; sustainable business education; higher education; future competencies; work skills development.

DOI: 10.1504/IJMABS.2024.144459

International Journal of Markets and Business Systems, 2024 Vol.5 No.2, pp.192 - 208

Received: 07 Dec 2024
Accepted: 15 Dec 2024
Published online: 13 Feb 2025 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article