For truly reinforcing the development of knowledge, students should be given exceptional opportunities for actively exercising their skills of leadership and applying their skills in the real and virtual settings. Practical applications of skills are as extremely important action for supporting the career aspirations as a student of business management (Ozbilgin 2009). This is due to the fact that the actual situations can be more different in comparison with what has been scribbled down in the form of texts, and not all have the skills of applying these in the actual setting until or unless they have been able to experience such an action. With respect to the theme of globalization, one must consider having a strong focus for understanding a number of different factors and forces that drive change along with the internal responses needed for the survival and prosperity of the business organization.
Strong theoretical knowledge must be blended with soundness in practical knowledge; this will help in aligning the aspirations of a student in his or her career with the needs of the business organizations in the recruitment of innovative talent of management (Ozbilgin 2009). Students must focus on gaining wide range of skills related to management along with competencies that include finance, accounting, leadership, management of human resource, technologies of communication and information, law, marketing and economics. Students must be performing activities that help in balancing their practical study as well as theoretical knowledge. Projects of real life must be used for the enhancement of learning experience and provision of capabilities to students for working in an effective manner with a volatile and dynamic environment of the business (Ozbilgin 2009). The professional skills of communication and attitudes are needed for succeeding in actual business setting, by complementing the knowledge of business gained from theoretical knowledge as well as practical experience. It is also important for enhancing skills of critical analysis and active participating and evaluating the highly diversified environment in the actual setting of business.