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How business schools are adapting to the changing world of work

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Forget about accounting class and marketing 101. 

Canadian business school leaders say soft skills such as creativity and agility are now cornerstones of business education, as universities and colleges adapt to a world where many of the jobs graduates will hold don’t even exist today.

They say there’s still a role for those business basics, but they’re no longer enough to satisfy workplaces that prize employees who can adapt to swiftly changing industries, disruptive technology and the thorny issues facing humanity in the years to come.

“The goal of a university education is to teach people how to deal with uncertainty, how to be a critical thinker, how to be okay when things are changing,” said Darren Dahl, associate dean of the University of British Columbia’s Sauder School of Business in Vancouver.

“The notion of going to work for the big corporation, and the jobs that we traditionally do, are evolving and changing,” said Dahl. That’s put a lot of pressure on business schools to change what and how they teach, he said.

To keep on top of what employers are looking for, staff at the Ivey School of Business at the University of Western Ontario in London, Ont., recently completed 250 interviews with leaders in government, business and non-profits around the globe, said acting dean Mark Vandenbosch.

Mark Vandenbosch, acting dean of Ivey Business School, seen in this March 25, 2015, file photo, said today’s job market prizes soft skills. (Ivey Business School)

“Although people do need to have technical literacy that’s probably higher than before — the skills that are really demanded are the soft skills that will allow them to adapt,” said Vandenbosch.

‘Embracing creativity in a big way’

These include the ability to bring alternative viewpoints to a problem, he said, as well as things like creativity, grit, teamwork, communications effectiveness and decision-making skills.

At UBC, Dahl said the MBA program includes a required course in creativity. “That surprises some people,” he said. “Traditionally, you might think of a business school as beating out the creativity in students.”

The creativity class curriculum isn’t centred around business innovation, such as coming up a new product. “It’s more base creativity,” he said.

Creativity is a muscle.  How do we strengthen that muscle for you as a leader, whether you work in corporate or a non-profit or your own entrepreneurial venture?– Darren  Dahl , associate dean, UBC’s Sauder School of Business

“Creativity is a muscle. If you stopped exercising it years ago — some people say you’re the most creative when you’re five or six years old and then it’s just downhill —  how do we strengthen that muscle for you as a leader, whether you work in corporate or a non-profit or your own entrepreneurial venture?

“That’s a fundamental tool in the toolbox, and I think society has just woken up to that in the last five years,” said Dahl.

Joe Musicco, who teaches at Sheridan College’s Pilon School of Business in Toronto, said “business is certainly embracing creativity in a big way.”

There are a number of factors contributing to the business world’s increasing interest in creativity, said Musicco.

“You could point to things like technology and AI [Artificial Intelligence]. You could point to things like the changing nature of work and being more of a thinker and a consultant, and expectations of people in general that [graduates] are going to be able to bring innovation and creative problem-solving skills to the table.”

Students have more diverse goals

What students want has changed, too.

“The younger generations today are very much interested in having impact,” said Dahl.

“That could mean anything from having an impact by building their own business, to having a positive influence on society.”

In the past, most business school students would strive for the same jobs at large, branded international corporations, he said

While some still do, others want to work for non-profits, and some want to be their own bosses, said Dahl.

Students are seen in class at Ivey Business School. (Ivey Business School)

Preparation for the entrepreneurial world

Dahl said there’s also been “a sea change in respect to the importance of entrepreneurial activity in the economy.”

To meet that need, course material is now taught differently, he said, moving away from “the classic lecturing on the stage” to methods that involve more action and applied learning. 

Business school classes could be challenged to partner up with engineering students on a project, or to work with start-ups, for example.

At Ivey Business School, Vandenbosch said “a huge percentage of our graduates run their own businesses.”

The typical route they take, though, is to work for somebody else for a few years after graduation to get on-the-ground experience, then return to the school to take advantage of the entrepreneurial incubator it offers for alumni, he said.

“We provide a lot of support post graduation for those who want to come back at a later time to start a venture two, three or four years later.– Mark Vandenbosch, acting dean, Ivey Business School

“We provide a lot of support post graduation for those who want to come back at a later time to start a venture two, three or four years later.”

One of the ways Ivey prepares graduates for a more entrepreneurial world is by throwing out the traditional undergraduate schedule where students make their own course selections then keep that schedule over a semester.

Instead, starting when they join Ivey in third year, students show up at expected times each day, then programming is varied all year long, said Vandenbosch. 

“Our focus is primarily on building experiences for students so they can build the capabilities to adapt to a future world, rather than, ‘Here is what you need to know about subject X.'” 

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Real Estate

The cost of renovating your bathroom in Toronto in 2021

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Home renovations can be a big task, especially bathroom renovations where you have to work with either an awkwardly shaped space, or one with lots of pipework and very little natural light.

Nonetheless, getting a bathroom renovation by Easy Renovation to change your existing bathroom layout, improve the ambience or add more natural skylights can be worth all the trouble. But determining how much a bathroom renovation would cost is important while setting a budget.

The pandemic has changed a lot of things with social distancing rules, working from home, and for some, being made redundant. Therefore, having a complete grasp of the financial implication of a bathroom innovation is very important.

Owning your dream bathroom can be made a reality and the good thing is, regardless of your financial situation, there are always available options. If you also decide to put up your property for sale in the future, a bathroom upgrade would be a great investment—as it would add significant value to the property. Your bathroom renovation project, like every home renovation, can either be very affordable or extravagant, but one thing is certain, you’re bound to have a more refreshed, stylish and modernistic space.  

Looking through detailed sketches of luxurious and expensive bathrooms can be quite tempting, especially when you’re on a budget. However, your bathroom can be equally transformed into something that looks just as modern, stylish and refreshing but without the heavy price tag.

Conducting a partial bathroom renovation means you only have to change a little part of your existing bathroom rather than tearing it down and starting from scratch. If you intend to carry out this type of bathroom renovation in Toronto, depending on the size of your bathroom, you can spend between $1,000 – $5,000. With a partial bathroom renovation, you can save money by tackling smaller problems that exist in your present bathroom—or you can just upgrade a few of its features.

Partial bathroom renovations are quite affordable and would leave your bathroom feeling new and stylish without being time-consuming or a financial burden—which is important considering the economic impact of the pandemic. Repainting the bathroom walls, replacing the tiles on the floor and in the shower area are examples of partial bathroom renovations which is the cheapest to accomplish.

A more expensive and popular bathroom renovation is the standard 3- or 4-piece renovation. This renovation type involves a lot more services that are not covered by a partial renovation budget. To execute a standard bathroom renovation in Toronto you need a budget of about $10,000 – $15,000.

Unlike with a partial renovation, you would have to make a lot more changes to various elements of your bathroom without the hassle of changing the overall design. You can easily restore your current bathroom into a modernistic and classy space that fits your existing style. Making changes to more aspects of your bathroom is quite easy since there is more room in your budget to accommodate it.

A standard 3- or 4-piece renovation includes everything in a partial renovation plus extras such as revamped baseboards, installing a new bathroom mirror, buying new lights, installing a new vanity, changing the toilet, and buying new shower fixtures.

If you’re one of those looking to make a complete overhaul of your existing bathroom, then the option of a complete bathroom remodel is for you.

Unlike a bathroom renovation, remodelling means a complete change of your current bathroom design and layout for one that is newer and completely unrecognizable. The possibilities when remodelling a bathroom are endless especially when you have a large budget of over $15,000. That way, you can get the opportunity to create the perfect bathroom for yourself.

In addition to all that’s available with a standard bathroom renovation, bathroom remodelling allows you to make bathtub to shower conversion, relocation of plumbing, relocation of the toilet, reframing the bathroom and even relocating the shower.

In conclusion, a bathroom renovation can be a very important upgrade to your home and depending on the features that you decide to include, in addition to the size of your bathroom, this would influence the total cost of the project.

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7 Tips For First-Time Home Buyers In Calgary

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Buying a house for the first time can be overwhelming to say the least. If you’re wondering what neighbourhood to go with, what you can afford, or even how to just get started on the process, let us take some stress off your hands! We’ve teamed up with Hopewell Residential to give you 7 tips to ensure the home you end up with is everything you dreamed of.

Hopewell Residential is a five-time Developer of the Year award winner, so their expertise is second-to-none in Calgary and beyond. Who better to learn home-buying tips from than the homebuilders themselves?

Create a checklist of needs & wants

This is a biggie. When you’re buying your very first home, you’ll want to weigh your needs vs. your wants. Ensuring you have what you love in your first home is a big, big deal.

What should you do? Easy. Set up a list of needs and a list of wants, but be pretty strict with yourself, and make sure you take your lifestyle into consideration. With the increase in remote work over the past year, it’s important to keep in mind that a home office or flex room might just be the key to maximizing at home happiness. Especially if you’re thinking you might be expanding your family later on, spare rooms and extra space is key (but more on that later!).

Or for instance, you might need a home in an area with a high walkability score, but you want to be close to certain amenities. Set yourself up with the right level of compromise and the number of homes that actually fit your ‘perfect’ idea will skyrocket.

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‘Don’t give up’: Ottawa Valley realtors share statistics, tips for homebuyers in ‘extreme’ sellers market

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The real estate market in the Ottawa Valley can be summed up this way: people from far and wide are in a buying frenzy, but there’s hardly anything to buy at the “store,” and the limited inventory is overpriced.

This “stampede” — as one realtor described it — will affect rural towns as residents grapple with finding affordable housing and agonize over their inability to purchase homes in their price range.

“We are seeing a lack of inventory in all price ranges,” said Laura Keller, a real estate agent from Carleton Place.

Helen Vincent, a Renfrew realtor, said she’s never seen a market like this in her 36 years of practice. “We postpone offers for four to five days in order to get all the buyers,” she said.

Multiple offers — between seven and 10 — became the norm, with cash offers and no conditions, as buyers faced bidding wars. “In Ottawa, they have up to 50 (offers),” she added.

“It’s very stressful. You’re going to get nine (people) ticked off, and one happy. So many people are disappointed,” Vincent said.

Terry Stavenow, an Arnprior realtor for 40 years, said that “the pent-up need took over with inventory going low. It made a stampede on everything that was available.“

“Brand new housing — it’s very much gone. Several building developers are rushing to get inventory. They usually don’t do construction in the winter months,” said Stavenow.

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