Which business school do you prefer: a modern or a traditional one? One, that might lack the patina of grandeur or one that adopts to contemporary, even future-minded needs?
I am convinced, that speed and agility are increasingly essential and the old stability-based managerial approaches are less appropriate. This relates to both curriculum changes and faculty responsiveness to new topics, new research and new competencies. Business schools will need to be more proactive and even abandon some of the old approaches.
Thus, the traditional functional and discipline-based curriculum design is becoming increasingly outdated. The need for disciplinary focused academic departments and discipline focused (so called A-Journal) research may be diminishing.
There needs to be a quick response to these changing needs. However the move away from embedded academic traditions to a multidimensional, multidisciplinary teaching and research approach may be very difficult to implement under the current consensually-based academic governance mechanisms.
Students are being realistic about the need to prepare themselves as well as possible for the difficult job market.
Which business school, do you think, are they going to choose? At the Lorange Institute of Business we are developing and continuously introducing new pedagogic approaches. We want to meet the needs of the students and the economy.
Read and share the article I wrote together with Jagdish N. Sheth and Howard Thomas.