This is new blog-Don’t miss out!
Old business models from academia create a false sense of knowledge and superiority
Global supply chain blogs
About the Author
Vivek Sood: Sydney based managing director of Global Supply Chain Group, a strategy consultancy specializing in supply chains. More information on Vivek is available on www.linkedin.com/in/vivek and more information on Global Supply Chain Group is available www.globalscgroup.com
Vivek is the Managing Director of Global Supply Chain Group, a boutique strategy consulting firm specialising in Supply Chain Strategies, and headquartered in Sydney, Australia . He has over 24 years of experience in strategic transformations and operational excellence within global supply chains. Prior to co-founding Global Supply Chain Group in January 2000, Vivek was a management consultant with top-tier strategy consulting firm Booz Allen & Hamilton.
Vivek provides strategic operations and supply chain advice to boards and senior management of global corporations, private equity groups and other stakeholders in a range of industries including FMCG, food, shipping, logistics, manufacturing, chemicals, mining, agribusiness, construction materials, explosives, airlines and electricity utilities.
Vivek has served world-wide corporations in nearly 500 small and large projects on all continents with a variety of clients in many different industries. Most of projects have involved diagnostic, conceptualisation and transformation of supply chains – releasing significant amount of value for the business. His project work in supply chain management has added cumulative value in excess of $500M incorporating projects in major supply chain infrastructure investment decisions, profitable growth driven by global supply chain realignment, supply chain systems, negotiations and all other aspects of global supply chains.
Vivek has written a number of path breaking articles and commentaries that are published in several respected journals and magazines. Vivek has spoken at several supply chain conference, forums and workshops in various parts of the world. He has also conducted several strategic workshops on various aspects of supply chain management. He received his MBA with Distinction from the Australian Graduate School of Management in 1996 and prior to these studies spent 11 years in the Merchant Navy, rising from a Cadet to Master Mariner.
More information on Vivek is available on www.linkedin.com/in/vivek and more information on Global Supply Chain Group is available on www.globalscgroup.com
Introduction: Today, academia often relies on outdated business models that have been in place for centuries. This approach creates a false sense of knowledge and superiority among those within the academic setting. By relying solely on these old business models, students and faculty alike are deprived of the opportunity to pursue innovative paths to success. Therefore, it has become necessary to reassess traditional ways of doing things to ensure everyone is getting the most out of their education.
As college tuition continues to rise, universities need to update their curriculum with more current business strategies so that students can remain competitive once they graduate. Outdated methods can cause graduates to feel unprepared when applying for jobs due to a lack of relevant knowledge which could be costing them career opportunities.
“We are faced with the paradoxical fact that education has become one of the chief obstacles to intelligence and freedom of thought.”
What are the reasons business models fail?
Academia, and the traditional business models it supports, have long been viewed as a source of knowledge and superiority. This perception is increasingly inaccurate, however; many established principles from academia are failing to keep up with changing times. To better understand why these models are no longer effective, it is important to consider what factors contribute to their failure.
One of the primary contributors to the obsolescence of these models is the pace at which technology and society evolve. Many of the approaches taught in an academic setting today will be antiquated in five or ten years due to changes in social conventions and technological advancements. Additionally, many tools used by academics either do not exist or possess limited capabilities when compared with those available on the open market.
Another factor contributing to ineffective business models from academia is that they are often based on theories rather than results-driven practices
The phenomenon of old business models from academia creating a false sense of knowledge and superiority is a problem that should be addressed. Business models stemming from academia can create an artificial sense of superiority for individuals who haven’t had the same opportunity to learn, grow and develop in the working world. In cases where individuals have been insulated within the academic environment, they may not possess the real-world experience necessary to understand how certain decisions or strategies could affect outcomes. This false sense of knowledge and superiority can lead to ineffective strategies, resulting in negative consequences.
Furthermore, when those with an academic background enter into business situations without real-world experience, their decisions are more likely to be based on theory rather than practicality which can lead to poor results.
Implications, and effects:
A false sense of knowledge and superiority can have severe implications in academia, especially regarding old business models. These models are based on the assumption that a student’s success is marked by their ability to master predetermined concepts and curriculums. This creates an environment where students may not learn the skills most relevant to the world outside of academia, such as problem-solving, creativity, or communication. As a result, these students may experience difficulty when moving into the workforce after graduation and facing real-world challenges for which they are unprepared.
Furthermore, this false sense of knowledge can lead to feelings of superiority between individuals within academia. This can be particularly damaging if it results in discrimination among peers or colleagues with different backgrounds or worldviews who do not fit into traditional academic standards. It also disadvantages those who are unable to afford access to certain educational opportunities and resources associated with those traditional academic models.
Academia is no longer the sole provider of knowledge and there is an ever-growing need to reconsider traditional business models from academia. Such models often create a false sense of knowledge and superiority which can have negative implications for students, businesses, and the wider community. To address this issue, it is important to embrace alternative forms of education to ensure that everyone has access to the most up-to-date information.
One potential solution could be for universities and other learning institutions to recognize non-traditional educational paths as validated sources of knowledge. This means providing credit or recognition for any form of professional development or self-learning that may otherwise not be recognized by traditional methods such as classrooms or lectures. Such initiatives would give individuals more control over their learning path while also giving them ownership over their achievements, skills, and experiences.
In conclusion, old business models from academia create a false sense of knowledge and superiority. This outdated way of learning often fails to equip students with the skills they need to thrive in today’s dynamic and ever-evolving business world. By simply relying on traditional teachings, individuals are not able to develop the necessary skills that are vital for success. Therefore, universities need to update their curriculum and offer more relevant courses that teach up-to-date information and hone present-day abilities. Doing so will ensure that students are equipped with the proper know-how to successfully manage a business or venture into entrepreneurship in this modern age.
The global supply chain of products is an immense and complex system. It involves the movement of goods from the point of origin to the point of consumption, with intermediate steps that involve resources, materials and services to transport them. A supply chain encompasses activities such as purchasing, production, distribution and marketing in order to satisfy customer demands. Companies rely on a well-managed supply chain to meet their business goals by providing quality products and services at competitive prices.
Efficiently managing a global supply chain requires considerable effort, particularly when dealing with multiple suppliers located around the world. Complex logistics tracking systems are needed to monitor product movements from one place to another. Technologies such as artificial intelligence (AI) can help companies keep track of shipments across different locations for greater visibility into their processes.
what did Our Reader say?
Chief Operating Officer Graphite Energy
I have experience with many of the well-known top-tier strategy firms but chose Global Supply Chain to support me on my supply chain projects. They always meet and exceed my expectations due to the quality of the work, the ability to work collaboratively with internal teams, and the flexibility to adjust the project approach when required.
CEO - Large Global transnational corporation From: FOREWORD - OUTSOURCING 3.0
When I engaged Vivek’s services for supply chain transformation in one of the companies I was heading, we expected the careful and methodical approach that he was famous for... I was pleased to note that the original target set for 3 years was surpassed by almost 70% in just 18 months.
Vice-President Supply Chain Asia Pacific
I have used their services for several business transformations and workshops in many companies. Each time an outstanding workshop and project result was delivered ensuring the success of the business transformation project. Savings surpassed $25 Million per annum in one case. Very powerful ideas, were implemented very diligently.
Jean-Briac Le Dean
Co-Founder & Agen
Vivek is a very collaborative and open leader who leads teams by example. Whether internal teams, or clients teams, all are impressed by his intensity, energy level and drive to make things a little better.
Lorna Calder Johnson
Omni-Channel Product Marketing
P & L Executive
Vivek's transformation expertise is apparent from his results and dedication to operations and supply chains. His strategic expertise, knowledge and network make him a standout even among an excellent team.
Click below to see related posts.
A climb to excellence requires experienced, yet humble, transformational partners
The modern global supply chain is a complex system of relationships and processes that requires experienced, yet humble, transformational partners in order to reach its highest levels of excellence.
Big brands are considered safe choices, and they spare no expense in investing a large number of resources into your projects
Big brands are known for their reliability and dependability. They have built a trusted reputation that encourages customers to choose them over other options.
Business transformations require a different skill set than running a going concern
In today’s global economy, businesses must continually undergo transformations to remain competitive and successful.