Yes, says Philip Delves Broughton:
“Time after time, and scandal after scandal, it seems that a school that graduates just 900 students a year finds itself in the thick of it. Yet there is remarkably little contrition. ....You can draw up a list of the greatest entrepreneurs of recent history, from Larry Page and Sergey Brin of Google and Bill Gates of Microsoft, to Michael Dell, Richard Branson, Lakshmi Mittal — and there’s not an MBA between them.
Yet the MBA industry continues to grow, and business schools provide vital income to academic institutions: 500,000 people around the world now graduate each year with an MBA, 150,000 of those in the United States, creating their own management class within global business. Given the present chaos, shouldn’t we be asking if businesseducation
is not just a waste of time, but actually damaging to our economic health?”
Yet the MBA industry continues to grow, and business schools provide vital income to academic institutions: 500,000 people around the world now graduate each year with an MBA, 150,000 of those in the United States, creating their own management class within global business. Given the present chaos, shouldn’t we be asking if businesseducation
But T T Ram Mohan of IIMA seriously think:
"But much of the talk about B-schools creating ‘ethical leaders’ can be dangerous nonsense. "
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