robert safian is the editor ofa" magazine, and peter varna is with us.m. >> thank you. >> thank you for joining us. bob, you've written a lot about the emerging generation of business leaders and call them generation flux. >> yes. >> what does that mean? what are the skill sets or personality traits most important for success in the new normal? >> in generation flux, describes the kinds of people best equipped to thrive in a time where things are changing at a pace that is a breakthrough. we have not had a pace of change in a business world like this in a long time and requires a different kind of flexibility and adaptability, a lot of business has been built around efficiency, but adaptability and flexibility will be increasingly important as you try to adapt to the model shifts. that are going on around us. >> that's a great point. adaptability is so critical. business school applicants are down, right? for the fourth year in a row. you have students seeking masters of fine arts degrees. that's moving up in numbers. are we entering an era from mf mfas