Skip to main content

Challenges Facing Today’s Business Schools

  • Chapter
Shaping the Future of Business Education

Abstract

The education that today’s business schools provide is being severely criticized by their various stakeholders. These include current students, teachers, and alumni, as well as the companies and organizations that ultimately employee their graduates. Many of the issues brought forth are worth examining. While the root causes are many, the fundamental challenges facing business schools are two: (a) how do we educate business school students so that their education is more relevant when they enter the workforce, and (b) how do we make their education more affordable?

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

eBook
USD 16.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • ‘The Rising Cost of College in America,’ December 7, 2010. (http://www.healthcarecolleges.net/blog/college-tuition-increases-the-rising-cost-of-college-educ ation-in-america/), accessed February 13, 2012.

  • Bennis, W. and J. O’Toole (2005) ‘How Business Schools Lost Their Way,’ Harvard Business Review 83(5), pp. 96–104.

    Google Scholar 

  • Booth, Matthew (2005) Comment made during the First Annual Conference on the Art and Science of Services, Bentley College, June 3–4.

    Google Scholar 

  • Businessweek (2006) ‘How We Come Up with the Rankings,’ Bloomberg Businessweek, October 26 (http://www.businessweek.com/magazine/content/06_43/b4006008.htm), accessed April 11, 2011.

    Google Scholar 

  • Carnevale, A. P., L. J. Gainer, and A. S. Meltzer (1990) Workplace Basics: The Essential Skills Employers Want (San Francisco: Jossey-Bass Publishers).

    Google Scholar 

  • Carrie, D. G. and R. J. Brodie (2007) ‘Service Science in Undergraduate Business Education: An Evolving Model for Integrating Business and Information Management,’ Proceedings of the Decision Sciences Institute MiniConference on Service Science, Carnegie Mellon University, Pittsburgh, PA.

    Google Scholar 

  • Christensen, C. M., M.B. Horn, and C.W. Johnson (2011) Disrupting Class: How Disruptive Innovation Will Change the Way the World Learns (Ney York: McGraw-Hill), p. 112.

    Google Scholar 

  • Ft.com (www.ft.com/cms/s/2/bd9e8b74-fd17–11dd-a103–000077b07658.html). Accessed February 20, 2012.

  • Herschauer, James (2006) Based on conversation with James Herschauer, former editor of Decision Sciences, at the Annual meeting of the Decision Sciences Institute, San Antonio, TX, November.

    Google Scholar 

  • Latham, G., S. D. Latham, and G. Whyte (2004) ‘Fostering Integrative Thinking: Adapting the Executive Education Model to the MBA Program,’ Journal of Management Education 28(1), pp. 3–18.

    Article  Google Scholar 

  • Lewin, Tamara (2011), ‘What’s the Most Expensive College? The Least? Education Dept. Puts It All Online,’ June 30 (http://www.nytimes.com/2011/06/30/education/30collegeweb.html), accessed February 13, 2012.

    Google Scholar 

  • Martin, Andrew, and Andrew Lehren (2012), ‘A Generation Hobled by the Soaring Cost of College,’ New York Times, May 12.

    Google Scholar 

  • Mintzberg, H. (2004) Managers, Not MBAs: A Hard Look at the Soft Practice of Managing and Management Development (San Francisco: Berrett-Koehler Publishers).

    Google Scholar 

  • Peters, K. (2006) ‘The Four Stages of Management Education,’ BizEd, pp. 36–40 (May/June).

    Google Scholar 

  • Scribd.com: (http://www.scribd.com/doc/50829720/27/Structured-vs-Unstruct ured-Knowledge), accessed April 12, 2012.

  • Smith, G. F. (2005) ‘Problem-Based Learning: Can It Improve Managerial Thinking?’ Journal of Management Education 29(2), April, pp. 357–378.

    Article  Google Scholar 

  • Stanford Business magazine (2006) ‘Rising to the Challenge,’ Stanford Business magazine, November.

    Google Scholar 

  • Weisman, R. (2006) ‘Rewriting the Business Plan,’ Boston Globe, October 30, Higher Education, El, E3.

    Google Scholar 

  • U.S. Department of Education, National Center for Education Statistics. (2011). Digest of Education Statistics, 2010 (NCES 2011–015), Chapter 3.

    Google Scholar 

  • U.S. Dept of Labor (2012), Consumer Price Index, Bureau of Labor Statistics, Washington, DC, July 17.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 2013 Mark M. Davis

About this chapter

Cite this chapter

Davis, M.M. (2013). Challenges Facing Today’s Business Schools. In: Hardy, G.M., Everett, D.L. (eds) Shaping the Future of Business Education. Palgrave Macmillan, London. https://doi.org/10.1057/9781137033383_3

Download citation

Publish with us

Policies and ethics