Some timely reading for 2nd year Georgetown MBAs as they jump on planes to start their Global residencies.
According to the dean of the Darden Graduate School of Business at the University of Virginia …
New research has revealed a sizable gap between what the business world needs and what business schools provide to their students.
The bane of most business school deans is the kind of conversation one has with a CEO who wags his finger and tells you that business schools just aren’t delivering the kind of talent business needs.
Lately, it seems that the CEOs have been telling a story like this: “A recent grad we hired got up to give a presentation to our senior management and had simply no appreciation for the challenges of globalization: no feel for the country or region; no anticipation of corruption or socialism in-country; no grasp of the supply chain difficulties; no appreciation for the differences in rule of law and property rights; and the proposed brand name translated into an unmentionable body part. The pitch was an embarrassment.”
A new report issued by the Association for the Advancement of Collegiate Schools of Business, the leading accreditor of business schools in the world reveals a sizable gap between what the world needs and what management educators do.
- There are about 12,600 institutions in the world award undergraduate or graduate degrees of some kind in business.
- Only about 10% of these are accredited as meeting widely accepted expectations of quality.
- Many of the unaccredited institutions are locally focused, and concentrate in the developed economies.
There is a gap in the curricula of business schools, between the aspiration for global content and the reality.
Most schools — even leading schools — aren’t bringing globalization into the classroom in ways that do justice to the subject or the needs of businesses.
We should do better.
Fortune. B-Schools: It’s time to globalize, February 25, 2011
The Homa Files 
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