By Jeffrey Brown, Dean of Gies College of Business, University of Illinois
NOTE: This is an opinion piece authored by Gies College of Business Dean Jeffrey R. Brown about the state of business education and future opportunities for schools willing to act boldly and adapt. You can read Dean Brown's full white paper "It's Time to Transform Higher Education" by clicking here.
Not too long ago, Blockbuster Video was an integral part of American culture. Its aisles were packed with customers perusing the boxes of movie rentals. But disruption came in the form of online streaming and the company was unable to pivot, leading to business irrelevance and its current status as pop-culture punch line.
That same irrelevance is the fate that could meet higher education institutions who don’t recognize and embrace the forces of disruption all around us.