According to Fragueiro and Thomas, the world has gone through a state of semi-globalization. Though businesses are concerned by working globally, and many of their operations are handled on an international level, there still remain a lot of local idiosyncrasies, which include consumer habits and behaviors. Business schools have been under pressure to adapt to this by giving their students a global outlook, but also remaining schools that are directly involved with their communities. The financial crisis has added to criticism of what has been done in business schools, with one former Dean of a top business school even suggesting that the diploma should expire every 10 years, since clearly what was taught is no longer relevant. Increasingly, the business school curriculum is being asked to offer a value proposition way beyond status and salary. Continue reading
Tag Archives: peter lorange
BOOK REVIEW: “Strategic Leadership in the Business School: Keeping One Step Ahead” by Fernando Fragueiro & Howard Thomas (2011)
BOOK REVIEW: “Business Schools in Transition?” by Howard Thomas, Eric Cornuel, Arnoud De Meyer, Kai Peters, David Wilson, and Peter Lorange (2012)
This book is a collection of essays written by some of the major names in management education (Eric Cornuel, Howard Thomas, Arnoud De Meyer, James Fleck, Kai Peters, David Wilson, and Peter Lorange).
It looks at the reasons behind business schools wishing to internationalize, how social media is having an impact on how business schools work, challenges some of the criticisms thrown at business schools and also looks at how sustainable the current model is within the industry. Like other books in this EFMD collection, it is a thought provoking read for all stakeholders in higher education. Continue reading
Jeff Immelt, CEO of General Electric, has said that anyone could have run the corporation in the 1990s. Conditions were so favorable that “a dog could have run GE” he claims. Not very flattering for his predecessor, Jack Welch!
Still, leadership is certainly easier when the economic outlook is good. The real test is during an economic downturn and given the difficult past 5 years books of this sort are more than welcome.
Peter Lorange has had one of the most illustrious careers in academia. Having begun his career teaching at MIT Sloan School of Management and Wharton, he then went on to become President of BI, Oslo and then IMD, Lausanne. He retired from this last position in 2009 but instead of dedicating his time to golf he bought the GSBA, Zurich and renamed it the Lorange Institute of Business. You might conclude that he has quite a bit to say on leadership and you would be right. This is an excellent book.