7 The innovative business school: looking ahead and forecasting trends

Future developments within industrial revolution 4.0 over the next decade entail a high level of complexity and uncertainty, particularly in relation to global economics of scale that indirectly have an impact on business schools. Digital transformation will completely revolutionize the world’s governance, trade, and social conditions. It is this factor which makes it possible to liken it to the industrial revolution. It will also do so at an unprecedented pace. Preparedness is key, and therefore, at business schools across the world’s regions.

While fossil fuels and their extraction largely fueled growth and development throughout the 20th century, the 21st century has been ...

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