ABSTRACT
The business school of the future will shift to put a much stronger emphasis on the so-called soft skills to prepare its graduates to be better day-to-day managers, team members, more effective communicators and listeners, and able to better engage and inspire those around them. The business degree is very much based around the so-called hard skill courses. Courses in accounting, finance, strategy and marketing dominate the majority of course hours with the soft skills courses of leadership and change management often allocated to just a few electives. Business schools will have a course about smart risk taking in both the student's personal and professional lives. It will look at what risk is and why it is good/bad, and how business leaders can benefit from smart risk taking. It will explore examples of failures in companies of all shapes and sizes, how they came about, and how they were handled, including how failure is viewed and defined within different company cultures.
