This book caused quite a stir when it was first published and perhaps not surprisingly since it is an “insider’s account” of why business schools have never gained the respectabilty they have searched for over the past century. Rakesh Khurana is a Harvard Business School professor whose book came at an end of a decade of a great deal of criticism of business schools that came mostly from within. That was just before the current financial crisis. Since the beginning of this crisis those criticisms have continued to grow.
Tag Archives: Wharton
AACSB Associate Deans Conference: Executive Education: Developing Non-Degree Education for the Future (Brent Smith)
Standard 14 of the proposed new criteria for AASCB Accreditation deals with the provision of Executive Education. Given the importance of this activity in many business schools today, it is useful to look at some of the best practices in the industry.
At the AACSB Associate Deans Conference, Brent Smith, Associate Dean, Executive Education and Associate Professor, Management and Psychology, Jesse H. Jones Graduate School of Business, Rice University, set out some of the issues at his own university.
According to Mr. Smith the market is increasingly crowded and it is therefore vital that business schools fully understand their competitive positioning as well as the role of executive education as vehicle to advance the overall strategy of the school.
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.