Without a doubt, business schools have been a success story in higher education over the last 50 years (the period of EFMD’s existence). Even so, they have come under scrutiny, and attack, over their academic legitimacy and value proposition for business and society. In this book, drawn from a special issue of Global Focus, the EFMD has selected around 25 of the best, most thoughtful short papers published in Global Focus to examine the role and purpose of EFMD in the evolution of management education.
Each of the chapters interpret current strategic debates about the evolution of business schools and their paradigms and also identify possible strategic options for handling uncertain, volatile futures. These papers can be broadly categorized into four consistent themes: the first theme is concerned with the purpose and value proposition of management education; the second theme focuses on a perceived need for new business models and how to design and build them; the third theme addresses the question of the impact of the business school on business and society given the increasingly academic pursuits of business schools and their often weak links to the business community – the so-called rigour/relevance dilemma; and the fourth theme concerns how to ‘map’ and design business school futures in an increasingly volatile, uncertain, complex and ambiguous crisis-oriented environment.
This impressive collection of insights from business management leaders from across the globe is inspiring reading for higher education leaders, policy makers and business leaders seeking insight into the future of management education.
The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Section 1: The Purpose and Vision of a Business School
1. Why management history matters
2. What Does Business Want from Business Schools?
Sir Richard Lambert
3. Della Bradshaw Interview
Della Bradshaw and George Bickerstaffe
4. Can Business Schools Rescue Business?
Gerard van Schaik
5. Does the DNA of Business Schools Need to Change?
Arnoud De Meyer
6. The future of business schools: shut them down or broaden our horizons?
Ken Starkey and Howard Thomas
Section 2: Business Models and the Paradigm Trap
7. University Challenge
8. The Bologna Effect – The Emerging European Masters Market
Gordon Shenton and Patrice Houdayer
9. A Sustainable Model for Business Schools?
Kai Peters and Howard Thomas
10. The Business of Business Schools
Kai Peters, Howard Thomas and Rick Smith
11. Needed: Academic Triathletes
12. Assessing Academics’ Performance
Section 3: Rigour-Relevance and Business School Impact
13. "Scholarly Impact" and the Co-Production Hypothesis
14. Impact: Is it enough just to talk about it?
Michel Kalika and Gordon Shenton
15. Real Learning, Real Impact
16. How Being Embedded in Our Region Helps Growth
17. Creating Impact with Purpose
Patricia Bradshaw and Erin Elaine Casey
18. Growing the Impact of Management Education and Scholarship
Laurent Batsch et al
19. Reconnecting with the Business World
Anne S Tsui
20. Intentional Impact from Business Schools
Section 4: Uncertain Futures and Transformational Change
21. The Past is Not the Future
22. A Future for Business Education: Why Business as Usual is Bad Business
23. The Future is Blended
24. Apply Liberally: Towards a Model of Liberal Management Education
25. Can They Fix It?
26. Casting Light in the Shadows
27. Where do we go from here?