How would you describe the work of business schools? Most people go straight to the teaching. Business schools teach business and management through a wide range of degree programs and executive education, helping learners to build and navigate careers as managers. Those more familiar with the industry add that business schools conduct objective and rigorous research to inform practicing managers and policy makers, as well as support teaching. In short, business schools develop skills, insights, and opportunities for organizations and the people who manage them.
Education reform should be high on the agendas for governments and societies in both developed and developing economies. Business schools and universities are stubbornly resistant to change, often due to resistance from multiple stakeholders including faculty. With a rapidly decreasing half-life of knowledge, education has to be retooled to become affordable, effective and flexible. This will help our alumni to smoothly transition from one job to another and make education a nimble, lifelong endeavor. The GBSN community, as an engaged group of business school leaders should strive to take a leading role in helping our alumni (especially women and minorities) transition effectively across jobs and create satisfying careers for themselves.
Brazil’s Fundaçao Dom Cabral (FDC) is what I call “a business school with a heart”. Ranked 8 th worldwide by the Financial Times for customized executive education, it trains about 40,000 executives from mid-size and large companies every year. All FDC’s activities are informed by a Covenant drawn up in 2006, which expresses the institution’s commitment to ethics in its relations with all its stakeholders. I quote Article VII: “Ethics: concentrating on practicing loyalty, trust and transparency in our relations with third parties while recognizing our mistakes and correcting our paths”. Disasters Last week I was privileged to participate in … Read More
I much enjoyed reading a recent book by a former GBSN colleague and friend, Jim Dean, and his co-author Deborah Clarke: “The Insider’s Guide to Working with Universities. Its tag line: Practical Insights for Board Members, Business people, Entrepreneurs, Philanthropists, Alumni, Parents, and Administrators.” This core of the book – as far as I know the first of its kind – explains to very senior non-academic people, especially corporate CEOs who become presidents, deans, trustees and such, of academic institutions how universities differ from businesses, and what makes them tick. My favorite quote: “From 1948 to 1953 former Supreme Commander … Read More
I was invited to participate in the World Economic Forum’s (WEF’s) Annual Meeting of the New Champions which was held in early July in Dalian, China. Also, I was pleased to be part of a high profile launch of the Global Innovation Index in New Delhi on 24th July. I will use this blog to share some of my reflections from these two professional engagements.
Returning to China after a gap of some months is always interesting as the country seems to continue to change at a fast pace. I had taken part in several prior editions of the WEF’s Annual Summits in China and it is interesting to see how the WEF China Summit has now become focused exclusively on technology and innovation. This is not surprising per se as China’s rise in the technology domain is now recognized by many.
Much attention has been given to how business schools in emerging economies can develop the quality and relevance of their teaching and research programmes, acknowledging the huge potential such development would unlock for those economies and the world. Some of this attention has, understandably, focused on researchers and the need for them to improve the scope and quality of their publications so that they ‘rank’ alongside those from developed economies.
What if we took a group of high performing managers from Canadian paper mills and placed them in the Hawassa Industrial Park in Ethiopia. Would they succeed? Regardless of whether you answered yes, no, or maybe, your responses to questions like this one can reveal a lot about the work we’re doing at the Global Business School Network (GBSN). Since we were created by the World Bank 17 years ago, our vision has been for the developing world to have the management talent it needs to generate prosperity. We want to achieve that vision by “improving access to quality, locally relevant management and entrepreneurship education for the developing world.” As my experience grows with GBSN, so does my respect for the local relevance part of our mission. Here are three ways that we are prioritizing local relevance in our work.
While the acceleration of innovation presents a formidable challenge for most business school leaders, it also presents an exceptional set of opportunities for the few who dare to innovate and change. The few who are inspired to re-imagine the future and take risks. The few who are disciplined to execute with determination and resilience. So how should business school leaders react to these accelerations in the pace of innovation?
It’s clear that business schools play a critical role in advancing the SDGs through higher education. But how can we ascertain these impacts and best practices for the SDGs? While good works advancing the SDGs proliferate throughout global business schools, presently, there is no comprehensive reporting system dedicated to sharing specifically how these schools contribute to the SDGs.To begin to address this information and management gap, the Haub School of Business at Saint Joseph’s University has developed the SDG Dashboard–a new reporting and data analytics tool that allows business schools to showcase and share their SDG-related best practices.
Administrative Science Quarterly and the Sonoco International Business Department at the Univ. of South Carolina Darla Moore School of Business are pleased to co-host a conference and paper development workshop titled “Globalizing Organization Theory.” We will begin with a two-day conference to discuss how organizational scholarship is expanding into international contexts, and that is followed by a paper development workshop where authors will receive feedback from top scholars in the field. The call for submissions provides details on the theme and submission process.