Emerging Industry 5.0 Opportunities and Industry readiness of MBA graduates - How to bridge the gap?

Abstract :

Technological breakthroughs keep ascending day by day in today’s fast paced, ever evolving world. To keep ourselves ever ready is the challenging milestone in the world driven by technology. There is a sea of opportunities that these disruptive changes like Artificial Intelligence, Internet of Things, Big data analytics brings forth to the student community. industry 5.0, the emerging, human centric industrial revolution is not an exception to this. How far the educational institutions are successful in bridging the gap between industrial expectations and actual student preparedness is always a focus area of interest to the academia. The current study focused upon the factors affecting industrial readiness of MBA graduates with regard to the emerging opportunities that the paradigm shifts from industry 4.0 to industry 5.0 has opened up. The researcher focused on narrowing down the challenging factors that hinders the industrial readiness of MBA graduates for the emerging industry 5. 0 opportunities. The study used stratified sampling technique to collect data from different strata catering to different specialization groups among MBA graduates. The study also focused on the impact of NEP curriculum in creating an attitude fostering sustainability and circularity among MBA student fraternity moulding them to be environmentally responsible Industry ready MBA graduates.