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![Page 1: Evolution of Higher Education Opportunities for the Global Executive By Nick Hutton Chief Executive Officer U21Global.](https://reader036.fdocuments.in/reader036/viewer/2022062809/56649ef05503460f94c012dd/html5/thumbnails/1.jpg)
Evolution of Higher Education Opportunities for the Global Executive
By
Nick HuttonChief Executive Officer
U21Global
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Asia’s Growth Forecast – 2008/2009
• Asia Pacific excludes Japan, Australia & New Zealand• Source: World Bank
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
Asia Pacific East Asia China Japan
2008
2009
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Malaysia Economic Forecast – 2006/7/8
5.60%
5.70%
5.80%
5.90%
6.00%
6.10%
6.20%
6.30%
6.40%
6.50%
2006 2007 2008
Source: Dow Jones
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The Emerging Needs of Asian Economies/Companies
Increasingly, companies are seeking managers who have:
international perspectivescultural awarenesshigher management trainingsoft skillsthe ability to work in cross-cultural settings and in groups
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MBA Salaries by Region (US$)
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MBA Salaries in Asia: Excluding India & China (US$)
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The Asia’s Skills Crisis
Financial Time (2008)
“ Multinational Corporations may be compelled to pay western-level salaries in the next five
years ”
The Economist (2008)
“ Indian army faces a shortage of 11,000 officers
(almost a quarter of its requirements) ”
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What are the Causes of the Asia’s Skills Crisis
Demandincreased demand for new goods and services due to increase wealthincrease in demand for skilled labour to provide those goods and services
Supplytraditional educational system not ready for this emerging neededucation system produces less than the required skilled manager thereby deepening the skills crisis
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Consequences of the Skills Crisis
Long term effects
Reduce productivity Reduce efficiency
Stagnation of business growth and investment plans
Short term effects
High staff turnover Wage inflation
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Top Business Concerns in China, Southeast Asia and India
Shortage of qualified staff & wage inflations are one of the main concerns across the region.
China
Southeast Asia
India
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Staff shortages as a constraint for China, Southeast Asia and India.
India
Southeast Asia
China
Huge concerns on shortage of staff in Senior / Middle Managers & Specialist roles across the region .
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Online Higher Education May Be The Solution
The U21Global Experience
We believe that everyone has the ability to lead and we can train aspiring leaders to enhance their ability to:
strategise and formulate plans for continuous growthunderstand and solve complex problems effectively and efficientlyunderstand the challenges of the global economy and how to take advantage of themharness and manage individual and group talent
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Universitas 21Network of 21 Outstanding Global Universities
Americas:- McGill University- University of British Columbia- University of Virginia- Tecnologico de Monterrey
Europe:- Lund University- University of Birmingham- University of Edinburgh- University of Glasgow- University of Nottingham- University College, Dublin
Asia:- Fudan University- Korea University- National University of Singapore- Shanghai Jiao Tong University- University of Hong Kong- University of Delhi- Waseda University
Australasia:- University of Auckland- University of Melbourne- University of New South Wales- University of Queensland
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The Benefits of Online Education
Learning at your own time, place and pace
Ability to study wherever your business takes you
Remain employed while pursuing your higher education
Apply skills learnt online to your work immediately
Environmentally aware mode of study
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How Do We Achieve Deep Learning?
International LearningCommunities
CollaborationTools Expertly-Developed
Online Courseware
Rich OnlineLearning
Resources
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Applying What You Have Learnt
Authentic Problem-Driven
Learning
Authentic Problem-Driven
Learning
Real-world Assessment &
Knowledge Creation
Real-world Assessment &
Knowledge Creation
Close Mentorship by InternationalProfessors
Close Mentorship by InternationalProfessors
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Global Recognition
IT & Telecommunications
Finance Services
Energy F&B, Hospitality
Conglomerates Professional Associations
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Future of Online Education
The main drivers for the future of online education:
Emerging/evolving internet technologiesEmerging/evolving communication technologiesAdvancements in courseware designTeaching methodologyEconomic growth
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Thank you!
To find out more about U21Global, please visit us at:
www.u21global.edu.sg