Guest Speaker Professor Bodo Schlegelmilch, Chair of AMBA (L) and Chief Guest, Mr Pradeep Lal, Chief Executive Officer of Vodafone Fiji at the Laucala Campus.
The University of the South Pacific’s (USP) Graduate School of Business (GSB) celebrated the completion of the academic year for their students and Alumni with a public lecture at the USP’s Japan ICT Lecture Theatre, Laucala Campus on 23 November 2018.
Professor Raghuvar Pathak, Head of the GSB said many MBA scholars have now completed their final trimester and look forward to joining over 1200 USP MBA alumni, many of whom are holding senior leadership positions including that of Deputy Prime Minister, Minister of Finance, CEOs of public and private enterprises and successful entrepreneurs.
He said that since 1995, GSB has been providing opportunities for quality management education to every person in every part of the Pacific, empowering them to contribute to the socio economic transformation of their countries.
Professor Pathak announced that as per AMBA accreditation norms, GSB will be offering the Doctor of Business Administration (DBA) programme from the next academic session.
“We are encouraged by persistent demands from our graduates occupying important decision-making positions throughout the Pacific and we hope that it will be of great help in further empowering our graduates in all USP member countries in contributing to the socio-economic development of their countries,” he noted.
According to Professor Pathak, the GSB has achieved many milestones in the last 22 years and a significant achievement in particular is the fact that their MBA is internationally accredited and has been reaccredited by the London-based Association of MBAs or AMBA.
Professor Pathak also acknowledged the Guest Speaker Professor Bodo Schlegelmilch, Chair of AMBA, who spoke on the Future of Management Education.
“As many of you now know, AMBA delivers a world class accreditation service focusing on the quality assurance of postgraduate management programmes at the top tier business schools around the world,” he said.
Professor Pathak added, “For our MBA graduates, AMBA accreditation opens many doors and opportunities. Our AMBA accreditation is an official recognition that USP’s MBA is of comparable standard to those offered by other premier graduate business schools around the world”.
“Our AMBA accreditation means that our students receive the highest standard of education and their qualifications are recognised by employers internationally. It also means that employers of our graduates are assured of high-calibre graduates who are aware of the challenges facing businesses in today’s commercial environment and are equipped with the skills to find solutions,” emphasised Professor Pathak.
He congratulated the MBA students for their hard work, dedication to studies, and the high performance standards they have demonstrated. He also acknowledged their corporate sponsors for their support.
Chief Guest, Mr Pradeep Lal, Chief Executive Officer of Vodafone Fiji and an alumnus of USP, congratulated GSB for molding future leaders for Fiji and the Pacific.
He said the learnings and experiences gained not only enable professionals to carry out the roles assumed, but to excel into managerial roles over the years effectively to meet the challenges of leading a dynamic organsation in a fast-paced industry.
“USP, being the Pacific’s very own, has played an instrumental role in shaping the future of our fellow Pacific Islanders. It has not only been the key player in modernising the education system of the Pacific, but also a leaders in advocating matters of Pacific interest,” he said.
Staff of the Graduate School of Business with Professor Arvind Patel, Acting Dean FBE (3rd from right); Professor Schlegelmilch and Mr Lal.
“It has been the stepping stone to preparing the leaders and workforce of the future. USP’s regional footprint and presence in the Pacific has made access to tertiary education much easier and convenient,” he said.
He added that with the GSB, USP offers professional networking experience and, “I am pleased to say that a huge alumni network allows for more learnings, sharing and development leading to significant contributions not only in Fiji and the Pacific, but on international grounds as well”.
Guest Speaker Professor Bodo Schlegelmilch, Chair of AMBA, who spoke on the Future of Management Education highlighted four catalysts of change that contribute to new paradigms of organisational success.
The catalysts include New Business Models, Growth of Emerging Markets, Demand for Sustainability and the Speed for Technological Change.
New business models he said, dominate wealth creation for instance Amazon, the world’s largest online retailer, challenge incumbents like the traditional way of retailing while social media has taken over the need to purchase newspapers. Another example, is in terms of telecom providers where people are moving away from the traditional means of sending messages (text message) to Whatsapp as more convenient and cheaper way to communicate.
He added that new business models also disrupt business schools like the Massive Open Online Courses (MOOC) and further noted that the paradigm shift in business education has seen one third of America’s graduate degrees now taken online.
According to Professor Bodo, the digital paradigm shift fuels an unprecedented speed of Technological Change with the introduction of robots, 3D printers, self-drive cars, holograms and drones, among many others.
GSB also hosted a dinner for the MBA scholars and event sponsors at the Pacific Fusion Restaurant at the Laucala Campus.
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