Impact Of Innovation On Master Programs In Business

Many changes occurred in the organizations and their requirement for human resources qualifications and types of jobs due to evolution of technologies and ICT. How could universities respond to new labor market needs? Should Master programs in Business Schools- focus on personal development of students rather than technical and traditional learning? This has led to a growing awareness that higher education must increase its ability to innovate, recognizing that innovation is a dynamic and iterative process, which includes the implementation of a new idea or approach to an issue. Innovative methods allow students to upgrade their practical skills and reduce the number of mistakes they could potentially make in their future job. Within this challenging context, nowadays and due to economic crisis and the higher level of technologies, the issues of employment security and stability of the job market are more pressing and it is time to consider what higher education systems and institutions can do to redesign their curriculum according to the job market and the student's work expectations. This paper assesses research needs and importance in the area of innovation in the curricula of Business School degrees in a developing country; it examines the existing literature and theory regarding innovation focusing on employability and education theories and innovation theories (radical innovation). Using a qualitative approach, this paper proposes actions to be taken in the coming years by higher education institutions in order to perform better maintain their mission on innovation in education and reach their goals.