2. November 2019
Source: The Economist
We have obtained a copy of a recent letter to a business dean
Dear Dean Whiteboard,
On behalf of the trustees of the Gordon Gekko Business School, I write with a helicopter view on our beloved institution. There is good news and bad. First, congratulations are in order. Under your leadership, GorGeBS has again been named by The Economist as one of the world’s top 100 business schools.
The bad news is that our best-of-breed status is in jeopardy because the very business model of our school faces tectonic challenges. Demand is plunging. Our mba applications are down by a quarter. Across America, applications to business schools have fallen for five years in a row. Even at Harvard, they are down this year by about 6%.
One reason is a drop in international applicants, many of whom are put off by America’s anti-immigration policies. But before you rush to blame all those law graduates staffing up government departments, the bigger factor is that we are charging too much. Our mba costs nearly twice as much as it did a decade ago, but nobody believes we are delivering twice as much value. Read the rest of this entry »
9. November 2013
Mariana Zanetti had been working as a product manager for Shell (RDSA) in Buenos Aires when her husband got a promotion to a new job in Madrid. One of her colleagues, a Harvard Business School graduate, suggested that the Argentina native go to business school for her MBA while in Spain.
She took his advice, enrolling in the one-year MBA program at Instituto de Empresa (IE) Business School In Madrid. Zanetti borrowed money from her family to pay for the degree. And when she graduated in 2003, it took her a full year to land a job as a product manager at a Spanish version of Home Depot, at exactly the same salary she was earning three years earlier, without the MBA.
For years, Zanetti says, she wanted to write a book on her experience but didn’t out of fear that it would hurt her career, which included stints as a product manager for Saint-Gobain and ResMed, a medical supplier. Now that she has left the corporate world, Zanetti says, she can tell the truth about the MBA degree.
Her take, in a self-published book called The MBA Bubble: It’s just not worth the investment. “There is an education bubble around these kind of degrees,” she says. “I don’t think they have much impact on people’s careers. There are exceptions, of course, in management consulting and investment banking, where the MBA is always valued. But for the rest, it’s a nice-to-have degree. It’s not that it is harmful to you, but every market expert I interviewed for the book says that what is needed today is specialized knowledge and skills, and an MBA is generalist training.” Read the rest of this entry »
28. August 2010
Source: The Economist
If “executive” MBA programmes are not much different from their full-time counterparts, how do business schools justify charging twice the price?
IT STARTED with a little-reported court judgement in an American backwater. In 2007 Ruth Creps, a resident of Idaho, was made redundant by her employer. She applied for funds from the Federal Trade Adjustment Assistance programme, a scheme designed to help retrain workers who lost their jobs due to international trade competition. Ms Creps wanted to take an MBA at nearby Boise University, but decided that she would rather do the $41,000 part-time “executive” MBA (EMBA)—which is usually paid for by employers who are looking to train up their high potentials—instead of the full-time programme which cost just $14,000. When her request was turned down Ms Creps fought them all the way to the Idaho Supreme Court, only to lose because the court decided the more expensive programme was not significantly different from its traditional alternative. Read the rest of this entry »
6. October 2009
We were able to participate on a great lecture on “New Ventures – From Idea to Enterprise” by Prof. Tom Byers, Stanford University.
From a “Helicopter View” participants learn about the life cycle of entrepreneurship. How to find an idea an opportunity? How to find the right team? Where to find investors and how to convince them about your business plan. What kind of funds are best for your new business? What are the major challenges for young entrepreneurs and what their biggest mistakes? Why should one think of how to get out of the new business before even starting it? These questions will make participants aware of very crucial aspects which might decide on failure or success. This lecture will provide a fundamental attitude towards the look at numerous examples of enterprises presented during the whole study week.
Read his Top 10 Elements of Technology Entrepreneurship. We also highly recommend to check out Stanford Entrepreneurship Corner and watch several video clips or listen to a podcast.
19. August 2009
Big institutions will become more relevant than ever—once they focus not just on efficiency but on providing platforms for individuals to systematically experiment, learn, and innovate
By John Hagel and John Seely Brown and Lang Davison
Posted on The Big Shift: August 11, 2009 8:29 AM
“Bye, bye, organization guy.” Those words start the first chapter in the estimable Daniel Pink’s Free Agent Nation, published in 2007. In that book, Pink observed how increasing numbers of people in the US are choosing to work as independent contractors, temps, and on a project-to-project basis.
Workers were leaving big corporations, Pink said, to get away from “unfulfilling jobs, dysfunctional workplaces, and dead-end careers.” As readers of our blog will recognize, we see this dysfunction as the inevitable result of the industrial-era model in which most of today’s big companies remain stuck. Read the rest of this entry »