Global Competences and Challenges for Business Educators

Rapid changes associated with new technological revolution and globalization, which are based on digitalization to a great deal, are changing the competences that business is looking for when searching for new employees and leaders. Their development urges constant changes in general and business education. The previous model of “industrial education” with its standards, practices, approaches, formats, skills, and competences will not fit the new reality. More than half of the present jobs will not exist over the next 10-15 years, the face of industry will be different, and the paradigm of management is changing. There is a lot of evidence that business community is searching for new and different approaches to solve contemporary problems and to deal with these new challenges. For educational institutions, it is also important to adapt their study programs to the changing needs of the labor market and to restructure their curricula to ensure that graduates are able and willing to use the knowledge gained in the practice. This article addressed several challenges facing business educators - own knowledge, experience and competences of educators, the essence and the ways of teaching, and future demands of business community. The answers to these challenges will allow them to teach competitive and demanded graduates and thus increase their own competitiveness.