“No Change Is Permanent But Change Begets Change”

Paul Fernandes, XLRI

- Vasudha Mukherjee

XLRI has recently received re-accreditation from AACSB for the next five years up to 2026. Besides, XLRI obtained the AMBA re-accreditation from 2020-2025. The institution is working towards Equis accreditation for gaining the Triple Crown title and has already initiated the process for participating in international rankings like FT and QS for the coming years. There are many other such plans in the making. Paul Fernandes, Director of XLRI-Xavier School of Management, Jamshedpur speaks on the future of management education.

What are some changes that you foresee as we move into a new year?

The primary development in the last 21 months is the post-Covid scenario where organisations, small or big, are scrambling to maintain their existence. Given the scale of disruption caused by the pandemic, it is evident that the current downturn is fundamentally different from the recession. The sudden reduction in demand and increased unemployment is going to alter the business landscape. The fear of health and wellbeing has led to behavioural, social and economical changes which appear to bring a long-term impact. Recoveries are not yet robust.