Sunday, April 20, 2008

Lessons for Business Schools

"New books and revisited history illuminate the irrelevance of today’s MBA — and ways to make it compelling again.

Are MBA programs out of sync with the needs of business in the 21st cen­tury? Have they failed to keep pace with global and technological change? Are they too theoretical and removed from the day-to-day challenges faced by managers and entrepreneurs? And do they encourage the silo-ing of such functions as finance and marketing rather than instilling in their students a multidisciplinary view? These questions are taking on greater importance as the business environment be­comes ever more globalized and competitive. 'This is one of those punctuated-equilibrium moments,' says Joel Podolny, dean of Yale’s School of Management. 'There’s lots of experimentation, and we have to adopt new models to meet 21st-century challenges.'" Source: Strategy + Business : Booz Allen Hamilton Inc.

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