Universities all around the world at the management level are increasing their eLearning programs in the new academic session due to the increased acceptance of learning from anywhere and anytime. This trend, however, cannot be attributed solely to current global circumstances, Nevertheless, it can be noticed that there is an increasing emphasis on the provision of learning in the digital format.
Key Drivers:
- Technological Advancements: Technological advancement has enhanced online delivery modality, therefore increasing efficiency in the virtual classes.
- Flexibility Demand: Cubical 4 thus reveals that students demand more flexible schedules that are adaptable to the contemporary society’s busy lifestyle.
- Global Reach: eLearning also allows institutions to have students from across the world which helps in breaking geographical barriers.
- Pandemic Impact: Pan covid-19 remote learning showed that many elements of business education are saturable through virtual media.
Notable Initiatives:
- Wharton School: Other services that have grown through the internet are; Executive education courses for international managers.
- Stanford Graduate School of Business: Implemented several new courses, which use both video-lectures and forums with instant discussion in parallel.
Student Benefits:
- Flexibility: Attend classes at your leisure in a preferred surrounding.
- Access: Take classes from the comfort of your home with no need of having to travel or move from one place to another.
- Cost-Effectiveness: Cuts on travelling expenses and possibly, lower cost of tuition.
- Global Perspectives: Concerns about interaction with different students that makes the learning process even more valuable.
Challenges:
- Interaction: They have few on-site interactions with people in other companies.
- Technology Reliance: One realizes that the role of access to the internet and other modern devices can lead to imbalances.
- Self-Discipline: Stable and efficient time management as well as self-motivation is necessary in order for the plans to be executed to the letter.
At the same time, it can be stated that eLearning in business education has future expectations and trends such as virtual reality potentially making online classes even more engaging. Business schools are already on the trail of achieving a paradigm shift regarding the delivery of business education.