It Is Time To Retrain Business Schools
A look at a topic we first identified as a bubble in 2006 - the hoards of finance MBA's headed to Wall Street and have written more specifically about the transformation that must take place in our business schools over the last eighteen months or so.
My two favorite remarks in the article are:
The schools suffer from “an overemphasis on the rigor and an underemphasis on relevance,”
“The new logic of shareholder primacy absolved management of any responsibility for anything other than financial results.”
What that really means in unvarnished terms is what business schools were teaching was how to build a sand castle. A sand castle built on the beach at low tide. And, now the tides are rolling in. The long term seeds of renewed economic leadership continue to be planted in the American economy.
My two favorite remarks in the article are:
The schools suffer from “an overemphasis on the rigor and an underemphasis on relevance,”
“The new logic of shareholder primacy absolved management of any responsibility for anything other than financial results.”
What that really means in unvarnished terms is what business schools were teaching was how to build a sand castle. A sand castle built on the beach at low tide. And, now the tides are rolling in. The long term seeds of renewed economic leadership continue to be planted in the American economy.
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