The document discusses three critical components of education: cognition, affect, and conation. Cognition includes both information/knowledge, such as knowing management theories and techniques, and processes like analytical and critical thinking. Affect involves developing a positive mindset and managing emotions. Conation refers to developing skills like execution, communication, leadership, and self-management. The document proposes various methods for developing these skills, such as role playing, simulation, project work, and internships. It also distinguishes between "being" skilled versus "becoming" self-aware and living harmoniously with others.