business schools and MBAs to blame for the economic downturn? There is a
healthy debate going around on this issue and we would like to capture some of
the discussion on our GBSN blog. Below are several articles on the issue.
We invite you to read the articles and comment on several questions that
have been posed by fellow readers:
- Have business schools failed society by focusing on
short term, socially irresponsible, shareholder value management training?
- Are MBAs getting an unfair wrap in this financial
- Are any of the MBA stereotypes at all true?
- Does there need to be any sort of change in business
education and corporate values, and if so, is now the time for it?
- What was the role of bad management in creating this
crisis, and how will it affect the management of the crisis itself?
- What tools can business schools provide to help
alleviate the crisis and work towards prevention for the future?
your thoughts below!
"Goodbye to glib gurus and their gobbledegook"
By Andrew Billen
March 9, 2009
credit crunch is showing management theory for the hollow, jargon-filled sham
it always was. But at last the tide is turning.
Wall Street Journal Blogs
"Afternon Reading: In a Financial Crisis, Is an M.B.A. Just a Piece of
By Stephen Grocer
MARCH 26, 2009
financial crisis has revealed many ideas to be wanting.Industry self
regulation. Not regulating the CDS market. Matthew Stewart at Big Money has
another addition to the list – the MBA. Few pieces of paper have lost as much
value at the hands of the financial crisis as a master’s of business
administration degree. And like housing values, the value of an M.B.A. might
not rebound anytime soon.
The Sunday Times
"Harvard’s masters of the apocalypse"
By Philip Delves Broughton
March 1, 2009
his fellow Harvard MBAs are all so clever, how come so many are now in
"Who Taught Them Greed is Good?"
By Peter Walker
March 8, 2009
what extent are business schools' MBA courses responsible for the global
we really blame MBAs for our current problems?
Lauren Grau was the former Communications Officer for the Global Business School Network.