"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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