CEO Today - June 2023

FIRST-OF-ITS KIND ENTREPRENEURSHIP MBA, BACKED BY EX-DEAN OF HARVARD, LAUNCHED IN RESPONSE TO AI REVOLUTION • Edtech company, Oneday has launched a platform that allows students to create their own revenue- generating business whilst earning a fully-accredited MBA degree at the same time • With knowledge-based jobs increasingly being taken over by AI, the platform predicts entrepreneurship will continue to rise as the technology breaks down barriers to starting a business • Over a quarter of Brits (26 per cent) think their jobs will be impacted by AI in the next five to ten years but more than two-thirds (69 per cent) agree it would make it easier to start a business Edtech company, Oneday has launched a platform that allows students to create their own revenue-generating business whilst earning a fully-accredited MBA degree at the same time. Co-founded by Ranbir Arora and Taras Polik, Oneday’s new MBA is overseen by Stephen Kosslyn, ex-dean of Harvard. The platform allows students to participate in an 18-month programme, where they receive one-on-one access to a seven-figure entrepreneur, to assist them with the launch of their own revenue generating business, and earn a fully-accredited MBA degree at the same time. The launch comes as knowledge-based jobs are increasingly being taken over by AI. New research from Oneday has revealed over a quarter (26 per cent) of Brits think their jobs will be impacted by AI technology in the next five to ten years. Previous data has even estimated that AI could replace 300 million jobs.* Oneday predicts this fundamental shift will see the already increasing levels of entrepreneurship** continue to rise as it will allow humans to focus less on admin tasks and more on providing creative solutions to the world’s issues. The advent of AI also means starting a business will become more economically viable by democratising access to resources, reducing startup costs, and streamlining critical business functions. In fact, more than two-thirds of respondents to Oneday’s survey of 2,000 adults think AI would make it easier to start a business by cutting admin time (42 per cent) and helping to develop their idea or product (38 per cent). 46 per cent of Brits have even started integrating AI tools, such as ChatGPT, into their current job roles already. The research also demonstrates the number of Brits who have already considered starting their own business, yet have so far struggled to get up and running. A third (34 per cent) cited lack of confidence and not knowing where to start (34 per cent) as the main hindrances, as well as funding (54%). Oneday’s focus on providing practical, real-world experience prepares budding entrepreneurs for the challenges and opportunities of the modern business landscape. Nearly two thirds (63 per cent) also think the current school system should teach students about the role of AI in the workplace - with nearly a quarter (23 per cent) agreeing it was the most important skill schools should be teaching students. Ranbir Arora, founder and CEO of Oneday said, “It’s clear to see that AI is fundamentally taking over routine knowledge work jobs, and at Oneday, we see this as an exciting opportunity to reposition our society into solving new problems for humanity through creating new businesses, instead of teaching students how to do things we already know how to do.” “Our mission is to provide what the current education system currently doesn’t - practical, real-world experience that will teach entrepreneurs the necessary skills they need to take on the modern business world.’ Oneday has so far raised £8.25 million and helped over 2,000 students build their businesses. The MBA is just the latest offering of a broader education system the company is developing around entrepreneurship. For more information on Oneday head to: https://www. oneday.io/ THE MONTHLY ROUND-UP

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