Business School transforms itself in line with transforming economy.
21 March 2012
UTS Business School has developed a new approach to business education.
UTS Business School has developed a new approach to business education. Developed in close consultation with corporate Australia, the new approach is designed to produce managers and leaders with the expertise to shepherd their companies through the structural transformation of Australia’s economy and the creativity to set the course in an uncertain future.
Rapidly changing technology and the shifting tectonics of the global economy have had a profound structural impact on Australia’s business fundamentals. Australian business needs to adjust as old product or service offerings lose their uniqueness and competitive edge.
Through its engagement with the business community the School has identified the need for business graduates to develop an entrepreneurial mindset and be able to understand issues which go beyond financials when making business decisions. To make effective decisions, they need to analyse and interpret industrial and political risk, as well as the impact of new technologies in the context of evolving and changing ethical and sustainability concerns.
“We know that technical competence is important but not enough. Achieving competitive advantage in today’s globalised economy calls for graduates with broad interdisciplinary capabilities that extend beyond specialised expertise to an understanding of the context in which business decisions must be made,” says Professor Roy Green, Dean of the UTS Business School, “We know that the best entrepreneurs and managers are integrative thinkers with a talent for identifying opportunities that others don’t see, and translating those opportunities into action.”
To keep pace with and anticipate the needs of business in a changing economy, UTS Business School is transforming its courses to create graduates who are agile and equipped to work in a new economy, characterised by the fast paced change and complexity which arises from frequent political and regulatory changes, transformative technologies and global economic shifts.
As part of this new approach to educating business thinkers the Business School has ramped up engagement with businesses and is announcing the launch of its new Business Advisory Board, Chaired by former head of IBM, Australia New Zealand, Glen Boreham AM.
Other board members include Andrew Liveris, President, Chairman and Chief Executive Officer, The Dow Chemical Company, Maile Carnegie, Managing Director, P&G Australia/New Zealand and Michael Rennie, Managing Partner of McKinsey & Co Australia-New Zealand.