Archive for December 7th, 2017

Have business gurus (and business schools) lost touch?

December 7, 2017

Some pillars of management theory are weakening.


Interesting article in The Economist asserts that “business gurus have lost touch with the world they seek to rule” and that “management theory is ripe for a reformation, especially at Business schools — the cathedrals of capitalism.”



More specifically, the author argues that: “Management theories are organized around four basic ideas, repeated ad nauseam in every business book you read or business conference you attend, that bear almost no relation to reality.”

Here are some snippets on those four disputable basic ideas …