LEADERSHIP | DEVELOPMENT
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magine if you started writing a book about business strategy five years ago how much you would need to redraft for today’s commercial climate. Once you’ve finished those amendments, chances are you would have to create a whole new chapter to accommodate the latest trends. No wonder, then, that executive education is also evolving at the speed of business, as it attempts to keep pace with a world in flux, while also delivering bespoke learning journeys. With this constant need to reassess and reinvent the corporate curriculum, executive education is booming. In 2023, that market is valued at US$46 billion globally, but set to rise to US$134 billion in the next decade, according to Future Market Insights. Other reports and predictions concur, with most anticipating double-digit CAGR growth for executive education for the foreseeable future. That is great news for leading business schools like Duke Corporate Education (CE) and INSEAD. The former was named the global leader in custom executive education according to the 2023 Financial Times Executive Education Rankings, while the latter came second. Both have schools in Singapore and deliver global programmes. 76 December 2023
So the billion-dollar question is, how do they stay relevant in fast-changing business times? “Corporate education has undergone significant transformation driven by technological advancements and shifting workforce needs over the past decade,” Vishal Patel, President of Global Markets at Duke Corporate Education tells Business Chief. “Post-pandemic, we’re adjusting to a hybrid and digital-first world where competition is fierce and new modes of
By focusing on personal developments, organisat can adapt quickly, make informed decisions, and opportunities amidst vo Vishal Patel
President of Global Markets at Duke Corporate Education