The Introduction of Futurology Subjects for the Improvement of Business Administration
Authors:   Asia-Europe Perspective Association, Park Soon-Chang 
Published: June 2018

Business studies is a very popular major at university. Many students consider job prospects when choosing this subject as one of their double majors. Not only that, but every university greatly invests in MBAs indicating the recent popularity of business studies. However, there are growing criticisms of business administration. Although circumstances have been changed rapidly, the framework and perspective of business studies have remained the same. Business studies, created and developed by integrating various fields, hasn't contributed to addressing the real problems faced by companies. Therefore, this research looks at the current reality of business studies and argues that the subjects must be converged with other studies in such a way as to overcome the limitations of present curricula.
Firstly, convergence between engineering subjects and business studies was investigated. The understanding and utilization of information technology(IT) became essential elements of corporate management. Post 1990, business theories have been grounded in the utilization of IT. Therefore, management information studies (MIS) became more established as an undergraduate and graduate major. The humanities and arts were mainly introduced in the form of short-term courses and special lectures to overcome limitations in the traditional perspective of business studies. Humanities courses and art classes targeting CEOs are especially popular.
In addition to these studies, this research suggests convergence with future studies to promote changes in business studies. Firstly, the origin, nature, and limitations of future studies were explained. In the United States and Europe, future studies is regarded as a separate study and master's and doctorate degree courses are offered. At the undergraduate level, many colleges mandate the study of future studies. Future studies is not recognized as an independent study in Korean universities, so included of its basic curriculum in business studies courses is thought to be the most practical teaching method. Introduction of future studies, future forecasting studies, future and technology, understanding of future environment, future growth industries studies, and future workshop may be considered as possible subjects for a curriculum.
Public interest in future forecasting is very high in Korea, and there are hundreds of books related to this subject. However, no systematic approach which identifies future studies as a specific field exists, which is unfortunate. Future studies and business studies have many similarities from the perspective of how they view the future. Through the introduction of future studies to business studies, it will be possible to systematically study the future. In this way it is thought that business studies may overcome much of the criticism it is current experiencing.
Business studies is a very popular major at university. Many students consider job prospects when choosing this subject as one of their double majors. Not only that, but every university greatly invests in MBAs indicating the recent popularity of business studies. However, there are growing criticisms of business administration. Although circumstances have been changed rapidly, the framework and perspective of business studies have remained the same. Business studies, created and developed by integrating various fields, hasn't contributed to addressing the real problems faced by companies. Therefore, this research looks at the current reality of business studies and argues that the subjects must be converged with other studies in such a way as to overcome the limitations of present curricula.
Firstly, convergence between engineering subjects and business studies was investigated. The understanding and utilization of information technology(IT) became essential elements of corporate management. Post 1990, business theories have been grounded in the utilization of IT.