Are 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 crisis?
- 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?
Share your thoughts below!
| ABC National Radio "MBA: Mostly bloody awful" Presenter: Stephen Crittenden March 29, 2009 |
Something happened to management culture decades ago and now being a Master of Business Administration, especially from Harvard, is rather on the nose. MBA, it's being said, can also stand for 'Mediocre but Arrogant', or 'Management by Accident'. Reporter, Stephen Crittenden.
| The Times "Goodbye to glib gurus and their gobbledegook" By Andrew Billen March 9, 2009 |
The credit crunch is showing management theory for the hollow, jargon-filled sham it always was. But at last the tide is turning.
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Wall Street Journal Blogs "Afternon Reading: In a Financial Crisis, Is an M.B.A. Just a Piece of Paper?" By Stephen Grocer MARCH 26, 2009 |
The 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.
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The Sunday Times "Harvard’s masters of the apocalypse" By Philip Delves Broughton March 1, 2009 |
If his fellow Harvard MBAs are all so clever, how come so many are now in disgrace?
| The Observer "Who taught them greed is good?" By Peter Walker March 8, 2009 |
To what extent are business schools' MBA courses responsible for the global financial crash?
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Financial Times "Why MBA bashing is unfair" By Stefan Stern March 16, 2009 |
Can we really blame MBAs for our current problems?
