Thursday, September 12, 2024

2437 The Lifelong Learning Journey: Why Reskilling is Crucial for Business Professionals

 

In 2021, I made the decision to pursue an MBA while concurrently working at Yokogawa. It was a challenging time, balancing work demands with the rigorous study schedule, not to mention the financial investment that came from my own pocket. However, the decision to embark on this journey was fueled by my desire to prepare for a startup business, particularly to enhance my accounting knowledge and to measure my skills against classmates who were highly motivated and deeply committed to their careers.

The MBA Experience: Beyond Knowledge and Techniques

When I initially enrolled in the MBA program, my primary goal was to gain practical knowledge and skills that I could directly apply to my entrepreneurial ambitions. However, what I found during and after the program was a wealth of unforeseen outcomes and skill sets that have had a profound impact on my career.

  1. Soft Skills Development: The MBA provided me with not only technical knowledge but also a foundation in essential business attitudes and soft skills. I learned about leadership, communication, ethics, and modern organizational structures like the teal organization. These elements are crucial in shaping a well-rounded business professional.

  2. A Broader Perspective: Before my MBA, I often found myself worried and inclined towards micro-management, albeit in a somewhat sloppy manner. However, the program taught me to be more composed and understanding of the complexities inherent in business situations. I realized that not every issue can be immediately grasped, and sometimes, what appears to be a problem is simply a result of information asymmetry—a topic I discussed in a recent blog post.

The Need for Recurrent Learning in Japan

Despite Japan's status as an industrialized nation, it ranks poorly in terms of learning after graduation. According to the OECD's Education at a Glance 2023 report, Japan lags behind other OECD countries in adult education and lifelong learning participation. This reflects a concerning trend where many Japanese workers do not engage in further education or reskilling, which is critical for adapting to the rapidly changing job market​ (Education GPS).

This low engagement in lifelong learning can be a significant barrier to maintaining competitiveness in a globalized economy, where continuous skill development is increasingly necessary. As I prepare to speak at the Cross Border Link event on September 2, my goal is to inspire my fellow delegates to embrace lifelong learning. Reskilling and upskilling are not just optional—they are critical for staying relevant and thriving in today’s business landscape.

Conclusion: Be a Lifelong Learner

The MBA was a turning point in my career, not just because of the knowledge I gained, but because of the personal growth it facilitated. I urge all professionals to consider recurrent learning opportunities, whether through formal education, workshops, or self-directed study. The investment in your education is an investment in your future.

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