Bridging the Gap between B-School and Businesses: A Case Study of US B-Schools
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Code : HRM0082
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Region : United States |
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Background Note The first MBA program began in 1900 at Dartmouth College's Tuck School of Business. It was modeled on the standard American two-year post-graduate academic program. "It closely resembled undergraduate business training with its very functional and practical approach. Most business professors were practicing or retired corporate managers who focused primarily on the sharing of lessons learnt in the workplace. The United States had approximately 150 business schools at that time." In this era, the MBA agenda was marked by contributions by corporations and their current and retired employees.... The Problems with Existing Business Education In 1971, J. Sterling Livingston, a Harvard Business School professor, commented: “Formal management education programs typically emphasize the development of problem solving and decision making skills, for instance, but give little attention to the development of skills required to find the problems that need to be solved, to plan for the attainment of desired results, or to carry out operating plans once they are made."... New Initiatives The old sentiment was showing signs of change as MBA programs began reinventing themselves in order to keep up with the fast changing corporate America. MBA programs from Duke University’s Fuqua School of Business to the University of Chicago’s Graduate School of Business started promoting themselves as schools that could deliver the skills and qualities that corporate recruiters were looking for... Outlook It seemed that the focus on experimental education was starting to pay-off. Dominic DiMarco, CFO and Planning Director of the Automotive Consumer Services Group at Ford Motor Corp., said he saw an increase in the aptitude of Ford’s Finance MBA recruits. "We are getting excellent graduates that can make an impact right from the start.".. |
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