In my last blog post, I profiled the attributes of “winners-take-all” markets. And I implied that such markets might be closer than you think. Well, they are for me.
Higher education is a winners-take-all market. Despite the cool indifference to competition that many academicians affect, the competition among colleges and universities is serious. Aside from the fact that most people want to belong to a community that matters in some respect, some faculty, staff, parents, students, alumni, governments, and media mavens ask a provocative question: “Why strive?”
Richard Lyons, the dean of University of California, Berkeley’s Haas School of Business, has a dire forecast for business education: “Half of the business schools in this country could be out of business in 10 years—or five,” he says.
The threat, says Lyons, is that more top MBA programs will start to offer degrees online. That will imperil the industry’s business model. For most business schools, students pursuing part-time and executive MBAs generate crucial revenue. Those programs, geared toward working professionals, will soon have to compete with elite online alternatives for the same population.
The Association of Asia-Pacific Business Schools was formed in 2004
|Subject||Dean's Invitation Letter - AAPBS Academic Conference 2014|
Of the 694 business schools accredited by AACSB International, only 10 percent are located in Asia. If Asian business schools make up only 10 percent of AACSB's accredited schools, how can we presume to influence business school thinking?
As dean of the Asian Institute of Management in the Philippines and the outgoing director of the Association of Asia-Pacific Business Schools, I find this question especially important. My answer is that the business of business schools in Asia is incredibly complex, but growth here is steady and opportunities abound. That is why I believe Asia will ultimately impact the way business schools think...
Well, there you have it: GMAC report concludes that: "five decades of alumni, 83 percent say b-school is essential" http://t.co/ip9Z88ymZZ— Bob_Bruner (@Bob_Bruner) March 19, 2014
GMAC asked business school alumni from graduating classes in the past five decades (1959-2013) if their MBA or business master’s degree was essential to obtaining employment and 83 percent said YES.
The new GMAC® 2014 Alumni Perspectives Survey Report is the debut of survey results based on direct collaboration with 132 business schools in 29 countries. The data in this report tell the employment stories of nearly 21,000 business school alumni, and offer feedback about their career progression and the value of their graduate management education.
Schools looking to use data to bolster their outreach efforts have the opportunity to connect this compelling proof from alumni with their own efforts. Survey findings about the value and satisfaction alumni gain from their graduate business education can be used in positioning and promoting unique program features (such as centers of innovation and entrepreneurship, or access to alumni mentors). In addition, the information can be applied across marketing and outreach channels to boost recruitment, fundraising, alumni relations, media interactions and more.
Dr. Naím gained international recognition with the successful re-launch of the prominent journal Foreign Policy and, over his fourteen years (1996-2010) as editor, turned the magazine into a modern, award-winning publication on global politics and economics...
...In the early 1990s, Dr. Naím served as Venezuela’s Minister of Trade and Industry, as director of Venezuela’s Central Bank, and as executive director of the World Bank. He was previously professor of business and economics and dean of IESA, Venezuela’s leading business school (Wikipedia). Dr. Naím holds MSc and PhD degrees from the Massachusetts Institute of Technology. He lives in Washington DC.
Mensaje de los estudiantes venezolanos a la nacion http://t.co/K90DQNge2K. Vealo y reenvielo— Moisés Naím (@MoisesNaim) March 15, 2014
IESA is triple accredited by the three leading global business school accreditation associations: AACSB, AMBAand EQUIS. In the 2009 QS Global 200 Business Schools Report the school was ranked 9th in South America.
I think it’s time for us to admit that the critics have a valid question: Why aren’t business schools changing faster to keep up with changes in the business world?
Recently I attended two gatherings for business school deans where this question surfaced center stage. The first was the EFMD Conference for Deans & Directors General in Gothenburg, Sweden and other, the AACSB Deans Conference in San Francisco, CA. These meetings attracted respectively more than 300 and 600 business school leaders from all over the world and were a great place to assess what’s going on and, more importantly, what’s not.
At the EFMD meeting, I moderated a plenary where The Economist writer Adrian Wooldridge unleashed a set of criticisms at business schools—e.g., being too slow, focusing on the wrong things, being too distant from realities in their research, and preoccupied in publishing incremental insights in slow academic journals with only a modest impact. (See his summary in a Schumpeter column here). The Forbes writer Steve Denning followed up with an article saying that business schools take comfort in keeping that disruption slow. Richard Straub, President of the Global Peter Drucker Forum, commented that business schools suffer from the syndrome of our own success; we do not see the need to change what we believe is a winning model...
Bernard Belletante, nouveau Directeur général d’EMLYON Business School http://t.co/qOiqINNr8t— EMLYONBusinessSchool (@EMLYON) February 19, 2014
À mes amis Kedgers: 12 ans peuvent conduire à la routine. Grace à votre formidable énergie, un nouveau boss vous emmènera encore plus loin— Bernard Belletante (@belletante) February 19, 2014
Un grand coup de chapeau aux Euromédiens et aux Kedgers qui m'ont accompagné dans des défis insensés, qui m'ont apporté leur énergie. Bravo— Bernard Belletante (@belletante) February 18, 2014
Dean Eric Johnson, (Ralph Owen Dean and Bruce D. Henderson Professor of Strategy)
A new year’s resolution for healthcare IT executives – develop a real security plan. http://t.co/t5JQSiJ6vs— M Eric Johnson (@DeanEricJohnson) 31 Décembre 2013
...In a research article that went to press in December, my co-authors and I show just how important planning is...
Based on our analysis (Dean Eric Johnson and co-authors), we argue that policymakers should focus on providing guidelines designed to help healthcare organizations achieve operational maturity regarding IT security rather than simply imposing single-solution compliance requirements. Similar to teaching a person to fish, regulations should encourage organizations to actively develop and maintain their own action plans rather than providing check-box requirement lists.
Rencontre "Croissance partagée Afrique/Chine/France" à l'Assemblée nationale - http://t.co/aynZfBsBy4— Edouard Husson (@edouardhusson) December 16, 2013
Croissance Partager Entre Afrique Chine Europe (PEACE): émerveillement naïf devant la redécouverte du multilatéralisme— Edouard Husson (@edouardhusson) December 16, 2013
Croissance Peace (PDF, 11 pages) in English
English as the lingua franca of higher education? - University World News: http://t.co/wrHnmlBpOh— Santiago Iniguez (@SantiagoIniguez) November 24, 2013
2,300 students making up one of the University of Liege's eleven faculties. 1,300 undergraduate students, more than 1,000 students studying for a Master or an Executive Degree outside working hours, and 70 doctoral students;
Apple co-founder Steve Wozniak will be speaking at today’s Fall Convocation ceremony http://t.co/oguZERsS3l— Elon Local News (@ElonLocalNews) October 3, 2013
Dean, Love School of Business @ Elon University. I tweet on issues relating to business with a focus on strategy, globalization and ethics.
THE FIRST business schools were founded in the US around the beginning of the 20th century. A century later, management education became truly globalised when the 2009 Financial Times ranking of MBA programmes included three European and one Chinese in the top 10.
A year later, first place went to the London BusinessSchool, unseating Wharton, which had alternated the top laurels with Harvard. In the same year's executive MBA ranking, six of the top 10 programmes were European or offered jointly by US and European schools.
US schools' loss of hegemony has been also highlighted by the increasing flow of American MBA students studying abroad...
Delmas Wins Inaugural Research Impact on Practice Award, 19th September 2013
Demonstrating that Think in the Next affects real-world management issues, Magali Delmas, professor of management at UCLA Anderson and the UCLA Institute of the Environment, and her collaborator, University Paris-Dauphine’s Sanja Pekovic, have won the 2013 inaugural Research Impact on Practice Award. The award, presented by Ontario-based Network for Business Sustainability at Western University’s Ivey Business School and the Organizations and the Natural Environment Division of the Academy of Management, recognizes the researchers’ work on environmental management systems.
It turns out, companies that adopt environmental systems have a 16 percent higher labor productivity rating than firms that don’t.
"Adopting green practices isn't just good for the environment," Delmas told UCLA Newsroom. "It's good for your employees and it's good for your bottom line. Employees in such green firms are more motivated, receive more training, and benefit from better interpersonal relationships. The employees at green companies are therefore more productive than employees in more conventional firms."
The study, based on a survey of 5220 French firms, was published September 10, 2012 in the online version and the February 2013 issue of the Journal of Organizational Behavior.
Sep 16, 2013, Wall Street Journal, The Experts
Do you think companies spend too much time searching for groundbreaking innovations at the expense of incremental advances?
LEE NEWMAN: The search for the big ideas and the push for incremental improvements are not mutually exclusive, and in fact in many companies these two forms of innovation are pursued by different types of people and by different teams with quite different competencies.Read More »
Dalian, People’s Republic of China, 11-13 September
Meeting the Innovation Imperative
The Annual Meeting of the New Champions is the foremost global business gathering in Asia. Also known as the “Summer Davos”, the Meeting creates a unique opportunity for exchange between leaders from top-ranked multinationals and chief executive officers of dynamic and fast-growing companies, including key decision-makers from government, media, academia and civil society.It will bring together more than 1,500 participants from 90 countries to share strategies and solutions and discuss global issues and risks...
Press release CEIBS, September 4, 2013 – Four CEIBS professors will participate next week in a WorkSpace Session at Summer Davos in Dalian. Entitled Achieving Global Success in a Chinese Way, it is the first time that CEIBS has partnered with WEF organisers to develop a WorkSpace Session. CEIBS has had a steady presence at WEF over the years, and in January 2012 became the first Asian business school to do an IdeasLab session at Winter Davos
...“There is no better way of understanding the workings of corporate life and how competition really takes place and how society is affected by business,” says Paul Danos, dean at Dartmouth College’s Tuck School of Business and board member at General Mills (GIS)...
Feature rticle - Attracting the best faculty - What does it take to bring top-notch faculty to your business school? Four deans share the methods they use to hire great talent. By Sharon Shinn, September/October 2013
Deepak Chopra, Founder, The Chopra Center for Wellbeing
Narayana Murthy, Founder and Chairman Emeritus (has returned), Infosys Limited
Nitin Nohria, Dean, Harvard Business School
Fareed Zakaria, Author, journalist and Host of CNN’s “GPS”
I’ve heard some talk lately about how technology will disaggregate higher education. The vision is that the likes of Khan Academy and Coursera will allow students to pick and choose courses and learning experiences to construct their own higher education—thus, it is asked, “why do we need colleges, universities, and dedicated faculties?” The Valhalla of limitless choice and student-driven learning presages an education built “piece-wise:” a little of this and a little of that pulled from a vast smorgasbord of providers at little or no cost to the student. What could possibly be wrong with that?
· A piece-wise education can be less than the sum of its parts.
At the center of business education today, says Bill Boulding – dean of Duke University’s Fuqua School of Business – lies a paradox. “There’s more of an opportunity to make positive changes through business than ever,” he says. “Business will be the transformational engine of the 21st century. Yet business leaders have never been held in lower regard than they have today. That means we have an incredible opportunity: how do we produce leaders who will be trusted and who can make the changes we need in the world?”...
The Arthur and Toni Rembe Rock Center for Corporate Governance is a joint initiative of Stanford Law School and the Graduate School of Business at Stanford University. The Center was created to advance the understanding and practice of corporate governance in a cross-disciplinary environment where leading academics, business leaders, policy makers, practitioners and regulators can meet and work together. The Center is led by outstanding Faculty with active collaboration from its Advisory Board.
June 20, 2012
Fellow at the Rock Center for Corporate Governance Vivek Wadhwa is mentioned by the Wall Street Journal's Matthew J. Slaughter in the following article on the need to attract more high-skilled immigrants to the United States.
President Obama thrust immigration back into the spotlight last week with his executive order halting deportations for certain young illegal immigrants. In the context of America's jobs crisis, however, this is the wrong immigration issue to focus on. Our most pressing immigration problem marched across platforms at American colleges and universities in recent weeks—skilled foreign-born graduates whom we do not adequately incentivize to stay and work here.
At the Tuck School's graduation ceremony this month, I proudly read the names of 277 M.B.A. graduates. The Tuck class of 2012 was 35% foreign-born, representing countries from Australia to Zimbabwe. Many of these graduates chose Tuck over peer schools abroad because they aimed to apply their world-class U.S. education in the U.S. labor market. The same is true across academic fields. Today nearly 42% of all U.S. doctorate-level science and engineering workers are foreign-born.
These five graduates exemplify the worrisome reality that America's attractiveness is waning for talented immigrants from dynamic countries. In the past decade, the share of doctoral-degree recipients in science and engineering from China and India who report definite plans to stay in America has been falling. A recent survey by Duke University researcher Vivek Wadwha found that 72% of Indian immigrants who returned to their home country said that opportunities to start their own businesses were "better" or "much better" there than in the U.S. For Chinese immigrant returnees, the figure was an alarming 81%.
May 11, 2012
Rock Center Fellow Vivek Wadhwa discusses how visa hurdles and other obstacles on the road to permanent residency are forcing many foreign Silicon Valley...
May 11, 2011
Professor Dan Siciliano spoke to Dave Jamieson of the Huffington Post on whether Chipotle will offer higher wages for documented workers now filling the...
27 June, 2013
VIEWPOINT: IMD President, Dominique Turpin, analyses the issues and forces that are buffeting business schools in an article recently published in EFMD’s ‘Global Focus’:
It is clear that four major forces will shape the future of business schools over the next five, ten or 20 years. The first issue concerns public funding. This is becoming more difficult to obtain as governments have less money to spend, at least in some parts of Europe. As a result some schools are having to merge, as we have seen already in France for example.
The second issue is demographics. Europe and Japan in particular face the challenge of an ageing population. When you want to predict the future, the only sure thing is that tomorrow you will be older than today. Similarly, you only have to look at demographics to know that some countries are going to face problems...
V interesting new column in Wall St Journal by Lee Newman of IE, definitely a thinker to watch http://t.co/QD4SgP99WJ— Thinkers50 (@thinkers50) July 25, 2013
"Rotman Professor Elected to Leadership of Academy of Management". - DeansTalk, April 11, 2013
Toronto – A senior professor at the University of Toronto’s Rotman School of Management has been elected to the governance rotation of the Academy of Management, which with more than 18,000 members in 110 countries, is the largest organization in the world devoted to management research and teaching.
What does politics in the United States have in common with that of declining empires of ages past? Too much, argues Glenn Hubbard. The Columbia Business School dean and former adviser to President George W. Bush and would-be president Mitt Romney makes the case in his new book (written with economist Tim Kane), called “Balance: The Economics of Great Powers from Ancient Rome to Modern America.” He sees long-simmering failings in the American political system, and the economic policies that result, as risks that ultimately endanger the nation’s standing in the world. He discussed why he is not, despite it all, a declinist, in a recent conversation with Wonkblog. This is a lightly edited transcript.
Glenn Hubbard is the dean of Columbia University's Graduate School of Business and the former chairman of the President's Council of Economic Advisers. He is a frequent contributor to Business Week, The Wall Street Journal, and The New York Times, as well as PBS'sThe Nightly Business Report and American Public Media's Marketplace. He lives in Manhattan with his wife and two sons.
Tim Kane is the chief economist of the Hudson Institute in Washington, DC and former senior economist at the Joint Economic Committee of the U.S. Congress. He is a veteran U.S. Air Force officer. He lives in Vienna, Virginia with his wife and four children.
Apple CEO Tim Cook spoke to students and alumni at Duke University's Fuqua School of Business in April 2013. Cook earned his MBA from Fuqua and returned to the school for his 25th reunion. Cook talked about intuition, collaboration, ethics, breaking the rules, how to lead, and leaders who inspire him in conversations with Dean Bill Boulding.
(Apple’s Tim Cook’s delivers commencement speech at Duke’s Fuqua School of Business, National Monitor June 3, 2013)
Glenn Hubbard, dean of Columbia School of Business, says business schools around the nation are trying to deal with the high cost of getting an education and discusses how online education will complement, not replace, classroom learning.
Dean, NYU Stern School of Business, economist & author of TURNAROUND, Third World Lessons for First World Growth
In his new book, Turnaround: Third World Lessons for First World Growth (Basic Books, 2013), Brookings Nonresident Senior Fellow Peter Blair Henry, dean of the NYU Stern School of Business, explores how large developing countries—China, India and Brazil—and even smaller ones have broken free from previous periods of poverty and turned their economies into engines of growth, using policies often thrust upon them by advanced nations who now seem unwilling to heed their own recommendations. The book uses case studies to demonstrate how the policy pendulum in emerging economies now swings in the direction of prudence and self-control, and how with similar discipline, the First World may yet recover and create long-term prosperity for all its citizens.
On March 15, Global Economy and Development at Brookings hosted a discussion of Turnaround and whether advanced economies can learn lessons from the emerging world on how to spur economic growth. Henry gave a short presentation on his book, followed by a panel discussion. Panelists included Uri Dadush, director of the International Economics program at the Carnegie Endowment for International Peace, and Brookings Senior Fellow Domenico Lombardi. Lesley Wroughton, senior correspondent for Thomson Reuters, moderated the discussion.
Historic tipping point: advanced nations less economically impt in 2013 than poor/middle-income countries http://t.co/WMd43PnRnz— Peter Henry (@PeterBlairHenry) June 5, 2013
Zeger Degraeve does not hang around. It is little more than a year since the quietly spoken Belgian left Europe for Australia to become dean of Melbourne Business School (MBS), but in that time he has certainly proven his credentials as a decision-making guru.
He has revamped the MBA and executive MBA programmes, increased the faculty of the business school by 20 per cent and resolved the long-standing governance conflict that divided the University of Melbourne and MBS....