The business services sector currently employs 120,000 people in the Czech Republic and is one of the fastest-growing industries in the country. According to a recent study published by ABSL in association with McKinsey & Company, business services will be one of the most important sectors of the Czech economy by 2025, in terms of both employment and economic performance. Moreover, this sector has the potential to transform the Czech Republic from a low-wage traditional manufacturing economy into a country providing modern and innovative services with high added value. Education in this sector will therefore become increasingly important.
“The business services sector is developing very dynamically: it drives innovation in large global companies while continuing to grow and expand its scope. At the same time, there is a growing need to develop business service managers and expand their qualifications into new areas, from managing people in the digital age, through quality data work, to the implementation of innovations and development strategies. I am convinced that properly focused management education has the potential to further support the growth of business services. For this reason, we have created a program in cooperation with the University of New York in Prague and the Hackett Institute which will open up very interesting career opportunities for graduates,“ explains Jonathan Appleton, Managing Director of ABSL Czech Republic.
“People who work in business services are increasingly moving from transactional activities to more skilled tasks. For example, clients from all over the world require business analytics and other services that are essential for the company’s strategic decisions. Continual education in this sector is thus crucial to give managers a competitive advantage and the ability to understand current and new challenges,“ says Sotiris Karagiannis, Director of MBA Programs at the University of New York in Prague (UNYP). According to Sotiris, professional-managerial education in the form of MBA programs is growing in popularity in the Czech Republic, especially with middle and top management.
The newly created MBA program offered by UNYP is the first and only MBA focusing on GBS (Global Business Services) available in the Czech Republic. More info at https://www.unyp.cz/news/absl-together-university-new-york-prague-and-hackett-institute-launch-mba-program-global