Business Education in the USA

2022 ◽  
pp. 1-33
Author(s):  
Anatoly Zhuplev ◽  
Nataly Blas

The chapter explores drivers, dynamics, and developments of business education in American colleges and universities. A contemporary business education in the U.S. is historically rooted in medieval Europe. It has progressed through several developmental stages and four industrial revolutions. Critical drivers affect American universities and colleges, bringing about strategic disruptions, technological and pedagogical innovations, and exerting competitive pressures for change on higher education. They also create opportunities for the development and growth in the post-COVID prospective, which is likely to be different from previous patterns and trends. These factors of impact range from stagnant domestic and falling international student enrollments, high student loan debt burden, and skyrocketing college tuition to the devastating impacts of the COVID pandemic. In examination of implications of the 4IR and emerging socio-economic trends for B-schools, the chapter discusses developmental trends, outlook, and emerging instructional innovations.

Author(s):  
Anatoly Zhuplev ◽  
Nataly Blas

This chapter examines emerging trends and developments of business education in American higher education. The authors trace the genesis of U.S. business education to its medieval roots and explore its progression through historical stages and four industrial revolutions, including the fourth industrial revolution (4IR). Analysis reveals eight mega drivers affecting universities and colleges and creating development opportunities and competitive pressures for change. Drivers range from stagnant enrollments to skyrocketing costs of higher education to the devastating impacts of the coronavirus pandemic (COVID-19). In examination of implications of the 4IR and emerging socio-economic trends for B-schools, the chapter discusses developmental outlook and emerging instructional innovations such as flipped classroom, project-based learning, and others.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Robert H. Scott III ◽  
Steven Bloom

Purpose This paper aims to examine the relationship between student loan debt and first-time home buying among college graduates aged 23 to 40 years old in the USA. Design/methodology/approach The authors use the Federal Reserve’s 2019 Survey of Consumer Finances data on American households to present descriptive statistics and run logistic regressions that measure the effects of student loan debt on first-time home buying. The authors also present original survey data of mortgage lenders that provides an industry-level perspective. Findings The authors find that having student loan debt does not by itself prohibit first-time home buyers. On the contrary, having student loan debt increases the likelihood of homeownership by 15.1%. People with student loan debt, however, buy homes that are 39.2% less expensive and have 58% less home equity compared to first-time home buyers without student loans. In addition, it is found that the amount of student loan debt is important. People with student loan debt above the median amount among people with student loan debt ($35,000) are 27% less likely to be first-time home buyers. Practical implications This paper provides public policy analysts and other researchers a different perspective on the correlation between student loan debt and home buying. This study focuses narrowly on first-time home buyers who are college graduates between 23 and 40 years. Thus, capturing the youngest cohort of first-time home buyers and examine the primary factors that influence their home buying decisions. Originality/value First-time homebuyers are historically the largest segment of home buyers making them an important subcategory to study. The rise in student loan debt is posited to explain declining homeownership among younger people. The current literature on student loan debt and home buying often studies samples that are too heterogeneous resulting in mixed findings. This paper adds to the existing literature by filtering the sample to study the effects of student loan debt and first-time home buying among people with at least a college degree who are between 23 and 40 years.


Author(s):  
Donna M. Velliaris ◽  
Janine M. Pierce

This chapter describes the Coglin Clothing Company (CCC), the focus of a multidisciplinary Live/Living Case Study (LCS) that was developed and introduced at the Eynesbury Institute of Business and Technology (EIBT) between 2010-2013. The LCS methodology endeavoured to address educational obstacles that had arisen from EIBT's international student population for whom it was first designed, but were typical problems of ‘business education' in general. This work begins by attending to issues such as: generalised problems of the education-experience business-related gap; the benefits of integrating more than one business discipline; the difficulties of handling various and conflicting sources of information; and the indispensability of action learning for deeper comprehension. A LCS was integrated across eight separate courses, including one titled ‘Management Principles'. The relevant literature is presented, followed by a discussion of the value of LCSs for acculturating (international) students to ‘real-life' business scenarios.


2019 ◽  
Vol 12 (2) ◽  
pp. 147-166 ◽  
Author(s):  
F. Robert Buchanan

Purpose The purpose of this exploratory study is an examination of some perceptions of US education, as experienced by foreign MBA students. Design/methodology/approach A longitudinal field study captured perceptions of a group of 51 international students over a one-year interval. The first anticipatory survey was done in India, and the follow-up was made in the USA at the end of a foreign sojourn semester. Inter-item correlations and t-tests were used to examine variance in student perceptions, highlighted by qualitative elements. Findings In general, the students went home, less impressed than they had expected to be in terms of the perceived general quality of the American business education, as well as their abilities to make friends with the local people. Additionally, the observed preparation of the American students for master’s studies was not nearly as high as the foreign students had anticipated. Research limitations/implications Results are not generalizable to broad populations, as the sample was small and localized. Social implications Emerging markets are successfully luring locals and sojourners based on cost and proximity as they achieve greater legitimacy in their institutional credentials. This could challenge the preeminence of Western higher education, especially in light of concerns arising from marketization and rigor. Meanwhile, developed market institutions need to be strategically mindful of their international guests as a resource rather than a commodity. Originality/value Extant internationalization studies tend to focus on administrative viewpoints, whereas this research examines the perspective of international students, which may be indicative of lessening gaps between perceptions of quality of developed and emerging market higher education.


The report “Russia and the World: 2021. Annual Forecast: Economy and Foreign Policy” continues the series of yearly publications of the Primakov National Research Institute of World Economy and International Relations (IMEMO) and Foundation for Prospective Studies and Initiatives. It consists of two parts: “Economy” and “Foreign Policy”. Part I focuses upon Russian foreign trade-economic relations and analysis and forecast of the world (Russia, Europe, the USA, Japan, India) economic trends in 2020-2021, including international financial markets and main Russian export markets. The report is based on the decades long IMEMO experience in forecast research. Part II presents the forecast of international relations for 2021, it analyzes main challenges for Russia and options to respond them.


2020 ◽  
Author(s):  
Hendro Wicaksono

The preprint is a presentation about the contributions of Muslim scientists to technology enabling the fourth industrial revolution. First, the presentation illustrates the industrial revolutions and their enabling technologies, and then it focuses on the industry 4.0 technologies by highlighting the history of artificial intelligence. It continues with the flashback of the contributions of scientists from the Islamic Golden Age to technologies used in industry 4.0, such as mechanics, automation, robotics, and IT. The presentation presents the works of Banu Musa, Al-Jazari, and Al-Khawarizm. Then, the presentation gives an overview of the implications of industry 4.0 on business, education, entrepreneurship, and leadership. Finally, the presentation presents the challenges and opportunity of current Muslim scientists and communities in facing the industry 4.0 era.


Author(s):  
O. Bogaevskaya ◽  
A. Borisova ◽  
A. Davydov ◽  
E. Desiatsky ◽  
S. Dmitriev ◽  
...  

The article analyzes major trends in domestic, social, economic, trade and foreign policy of the USA in 2020. The last year of Donald Trump’s presidency became the most traumatic and unpredictable for the country. The COVID-19 pandemic dominated every process in the political, social and economic life of the American society and government. At the same time, it accentuated the main trends of the Trump foreign policy. Trump became the first president to be impeached twice, the 13th president who after being nominated by his party was not reelected by the society, the first president trying to fight both unknown epidemic and economic crisis during his reelection year, the first president who chose not to come to the inauguration of his successor, the first who made decisive steps to break with American-China interdependence and the first who openly declared that he put American interests above those of the other countries, even the allies. His presidency changed the USA deeply and the last year was the turning point in this transformation. He was the most polarized president and he left behind a deeply divided country. Trump spent his last year in the White House battling with the pandemic and fighting for power, and it highlighted how limited the capabilities of the American presidency are in the polarized system where political compromise between the parties is no longer possible. At the same time this last year pointed out a critical importance of a leader’s personality for politics in all spheres. In the time of deep polarization, foreign policy became the only sphere of possible compromise for the parties. Both Democrats and Republicans supported the economic instruments sponsored by Trump of ensuring American leadership in time of pandemic, despite his arrogant style so much criticized by the opposition. After four years of Trump’s presidency the policy of sanctions is considered an effective and long-lasting instrument to control the competitors and enhance the American influence. At the same time while the trend of confrontation became dominant during the Trump’s presidency and his policy of economic nationalism could have more distant and strategic consequences, the confrontation with key actors such as China demonstrated the limits of American power to influence and to control unilaterally both the global economic and political processes and the behavior of different actors. This article is a result of a collective multi-aspect research of transformations taking place in the US on a real time basis. The analysis is built methodologically on the systemic approach to studying American political, social and economic trends, both domestically and on international level.


2021 ◽  
Author(s):  
Deepak Kumar ◽  
Surendra Raj Sharma ◽  
Abdulsalam Adegoke ◽  
Ashley Kennedy ◽  
Holly C. Tuten ◽  
...  

Abstract BackgroundTicks are hematophagous arthropods that transmit various bacterial, viral, and protozoan pathogens of public health significance. The lone star tick (Amblyomma americanum) is an aggressive human-biting tick that transmits bacterial and viral pathogens, and its bites are suspected of eliciting the Alpha-Gal Syndrome, a newly emerged delayed hypersensitivity following consumption of red meat in the United States. While ongoing studies have attempted to investigate the contribution of different tick-inherent factors to the induction of Alpha-Gal syndrome, an otherwise understudied aspect is the contribution of the tick microbiome and specifically obligate endosymbionts to the establishment of the Alpha-Gal syndrome in humans.MethodsHere we utilized a high throughput metagenomic sequencing approach to cataloging the entire microbial communities residing within different developmental stages and tissues of unfed and blood-fed ticks from laboratory-maintained ticks and three new geographical locations in the USA. The quantitative insights into microbial ecology (QIIME2) pipeline were used to perform data analysis and taxonomic classification. Moreover, using a SparCC network construction model, we investigated potential interactions between members of the microbial communities from lab-maintained and field-collected ticks. ResultsOverall, Francisellaceae was the most dominant bacteria identified in the microbiome of both lab-raised and field-collected Am. americanum across all tissues and developmental stages. Likewise, microbial diversity was seen to be significantly higher in field-collected ticks compared to lab-maintained ticks as seen with a higher number of both OTUs and measures of species richness. Several potential positive and negative correlations were identified from our network analysis. We observed a strong positive correlation between Francisellaceae, Rickettsiaceae, and Midichloriaceae in both developmental stages and tissues from lab-maintained ticks, while ovarian tissues had a strong positive correlation of bacteria in the family Xanthobacteraceae and Rhizobiaceae. A negative interaction was observed between Coxiellaceae and Francisellaceae in Illinois, and all the bacteria detected from ticks from Delaware were negatively correlated.ConclusionThis study is the first to catalog the microbiome of Am. americanum throughout its developmental stages and different tissue niches and report the potential replacement of Coxiellaceae by Francisellaceae across developmental stages and tissues tested except in ovarian tissues. These unique and significant findings advance our knowledge and open a new avenue of research to further understand the role of tick microbiome in tick-borne diseases and develop a holistic strategy to control Alpha-Gal syndrome.


Author(s):  
Edet E. Okon

The search for means of attaining a height in development by African countries and possibly be enlisted among the committee of developed nations of the world remains an unending task. Most African countries have therefore adopted education as a veritable instrument for influencing the anticipated development, especially in the wake of global economic trends. In compliance with these economic trends and emerging needs, emphasis is laid on Vocational Technical Education (VTE), also referred to as Technical Vocational Education and Training (TVET), within the domain of business education. This chapter examines the environment of business education and business education pedagogy in Africa. The author adopts both historical and analytical approaches and attempts a critique of business education in Africa, with corresponding strategies for improvement.


2022 ◽  
pp. 214-231
Author(s):  
Ben Christopher Brookbanks

This chapter examines the academic and personal trajectory a student takes from before they ever set a foot on campus to beyond a college degree. By first assessing the private vs. public school dynamics in Southern California, the author documents the ways in which these systems are a reaction to the American college system, and how the prevailing psyche around college as being an ultimate end for students and their parents plays out. Reflecting on personal choices and circumstances unique to the individual yields a variety of challenges and benefits posed by pursuing a college degree, all of which influence what to study and where to pursue it. Influences range from relative income to geographical location and parental occupation. Through an examination of these elements, the relative importance and weight of a college degree in light of developments accelerated by the COVID-19 pandemic leaves the collegiate system and the students who are at the center of it in an unparalleled position.


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