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Are Business Schools on the Right Path? – Part 1

August 4, 2012 by

GMAT blog, business school, bschool, MBA“The tragedy of the world is that those who are imaginative have but slight experience, and those who are experienced have feeble imaginations.”

– Alfred North Whitehead, in an address to the American Association of the Collegiate Schools of Business, 1927

In a 2005 Harvard Business Review Online publication titled How business schools lost their way, authors Warren G. Bennis and James O’Toole theorized that business schools had come to focus much too heavily on “scientific” research (deriding quotes were placed around the word scientific by the authors).  This misplaced pedagogical focal point had hence caused the production of graduates (i.e., MBAs) that were ill-prepared for actual, real-world management.  In Bennis’ own words, the thrust of their thesis is this:

“Most leading B-schools, in a valid attempt to become respected and respectable, had adopted an inappropriate model of academic excellence.  Instead of measuring themselves in terms of the

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