In a world where even the merits of a college degree are being questioned, business schools are turning to online education. As universities report a notable reduction in applications to MBA programs, some, like Boston University’s Questrom School of Business, are taking major steps to meet the evolving needs of prospective students (watch, runtime: 06:13). Questrom has just launched a USD 24k online MBA program designed to cater to seasoned professionals. It’s one of several new products developed by the university in response to an increasingly complex market.

And if all else fails, turn your business school to Second City: Meanwhile, a Belgium-based professor is harnessing the skills developed in improvisation workshops to teach students how to respond to real-life business situations — including crises — as they occur. The last fifty years of business school education has been very functional, he says, but the students of today’s world need to learn techniques for managing ambiguity (watch, runtime: 03:07).