business schools

80: Management Theory & Practice — Sumantra Ghoshal

We discuss a critique of business education -- Sumantra Ghoshal’s article from the Academy of Management Learning and Education, “Bad Management Theories are Destroying Good Management Practices.” He describes a feedback loop between schools and practitioners that has led to theories based on a “pretense of knowledge” that assumes causality and predictability of the business environment and a “gloomy vision” that assumes the worst of human nature. In effect, theories are built around ideas that managers cannot be trusted and matters of complexity can be managed through mathematical models, setting ethics and morals aside. A great think piece for considering the roles of business schools and professional education!

29: Carnegie Mellon Series #3 – Designing Business Schools, by Herb Simon

We discuss Herbert Simon’s article “The Business School: A Problem in Organizational Design,” published in 1967. This was written at a time when the business school enterprise was facing difficulties and wrestling over its identity. The paper framed these challenges as a design problem relating to a business school's purpose, what the business school should teach to its students, and what type of faculty would be needed to fulfill the purpose.