Excerpts from an article of The Economist, May 10th 2007
As business schools start to teach more ethics and practical skills, enrolments are climbing again.
... Five years ago, business schools, particularly in America, came under attack from all sides...
a) Enron...b) Henry Mintzberg, a Canadian management scholar, has long claimed that the MBA was too narrowly academic and did not teach much that was of any practical use...c) Sumantra Ghoshal, of London Business School, argued that what was taught was practical, but in the wrong way...d) In an article in the Harvard Business Review in 2004, Warren Bennis and James O'Toole lamented “How Business Schools Lost Their Way”
Back in business
...Today the mood in business schools is a lot happier, and not just in America but also in other countries, which now boast more business schools and many more MBAs than ever before. Applications have recovered strongly and the salaries offered to business-school graduates are rising again, as is the share of graduates from the class of 2007 who have already secured their desired job. Tuck is now confident that it will improve on last year's best-ever placement record of 98% of students with a job offer within three months of graduation. Indeed, Paul Danos, dean of Tuck, reckons that the downturn “had nothing to do with management education” and everything to do with the economic cycle...
... By teaching ethics and becoming more practical, business schools may be going back to their roots...
Comments