Showing posts with the label business schools

Business Schools that Exceed Market Expectations

Meeting and exceeding standards are two different things. Fostering business schools requires meeting expectations and then moving beyond these expectations to create higher levels of performance. According to a paper in the Journal of Business Studies Quarterly there are 10 things business colleges can do to enhance their performance. Look beyond today’s practices and standards and move toward future trends in business education. Applying knowledge management practices to create value. Acting in practice and philosophy. Accept risk when moving beyond theory and practice. Hire faculty and deans who think outside the box. Follow Kaizen philosophy. Understand the educational needs of the market. Stay ahead of the market and be read to change as needed. Develop a unique value proposition. Listen to the needs of stakeholders. It matters little if you are discussing a business school or any other type of school. Many of the ideas would apply to almost

Are U.S. MBA Schools Losing their Positions?

U.S. schools have long been known as a place where higher education excels. Over the past decade European and Asian MBA schools have started to take preference and superseded many American schools. A study by Collet & Vives (2014) discusses how the face of the American university has changed and why European and Asian schools are starting to reach top spots in business education. Business schools have not always been part of the American landscape like many other programs. By the 1980’s MBAs were in hot demand and graduates could expect to earn around 2X what the average person earned in the country. The MBA is, and was, a significant sign of achievement among academics, and holding a degree from one could lead to faster promotion and higher pay. As the interest on MBA grow so did the interest of business oriented media that desired to rank the schools for their readers. Publications like the Financial Times used three criteria to rank Global MBA schools by 1. Faculty demogra

Improving Business Education through Industry Connections

Business colleges have developed over the past few decades. According to Xie and Steiner (2013), not all of these changes have been for the better. The authors argue that traditional business education has damaged the overall business community and narrowed people into irrelevance. They provide some possibilities for improvement of business colleges within their paper.  They offer a couple of solutions that include connections between business and business schools, new business education models,   as well as joint creation of knowledge management. Their reasoning is that student’s knowledge should broaden perspectives beyond simple tools of management and should include the overall human elements that enhance understanding further than number crunching.  Collaboration between Business Schools and Business: In the older models, students were apprentice oriented. Business colleges should make stronger connections to the business community in order to create higher levels of

Business College Students Seek Opportunities of Self-Ownership

The value of a college education cannot be underestimated in an increasingly complex world. Business education is important in fostering new minds that will go forth and try out their ideas in the international market. Research helps highlight how a simple majority of business college students seek to develop their own business operations but feel as though these opportunities may not be forthcoming. In 1865 Horace Greely stated, “ Go West, young man, go West and grow up with the country .” The commonly used quote is deeply rooted in the psychology of young people who desire to flap their wings and seek their fortunes. The nature of business is about flapping wings and trying to get off the ground. Many do, many more do not, but it is the journey that takes precedence. One of the reasons why young business students are so eager to start their own entrepreneurial endeavors lays in the uncertainty the recession has created over the past decade. They were reared in an era wh