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Do not undervalue the impact of business education

Do not undervalue the impact of business education

Iexpected many surprises as the new dean of a business school, but not an immediate challenge to defend the idea of business education. Until my appointment, I had seen no reason for such challenges. Do business school graduates lead? In my previous job, I gave economic advice to a Harvard MBA who now happens to be the US president. I have also seen venture capital leaders spawn new industries – and most of them have MBAs.

What is not to like?

A tough take on business schools came in a 2005 Harvard Business Review article by Warren Bennis and James OToole saying that MBA programmes face intense criticism for failing to impart useful skills, failing to prepare leaders, failing to instill norms of ethical behaviour – and even failing to lead graduates to good corporate jobs. In business circles, this is shocking – something like LOsservatore Romano asking: do we still need a pope?

Such criticisms should be taken seriously. Pure theory pulls the academy apart from the worlds of commerce, industry and finance. And if the MBA does not at least cultivate leadership, what good is it? It is in the face of these challenges that we need to assess the value of business itself, and then the study of its principles. It is such a humdrum word for such a revolutionary idea – applying scientific management and critical thought to everyday economic and social activities. We are so enmeshed in a world shaped by business principles that only the big picture can remind us of its power.

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Definition Strategic Grid for IT

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Indian govt wants report on EU enlargement impact on exports.

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CJPS Enterprises Supports Oakland University’s Breakthrough College Education Program

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UW Executive Education again rated tops in world

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MBA students offer consulting services

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IIMB-FIT.

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Education must be based on morality, against radicalism

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