What does business want from business schools?

Abstract

This chapter focuses on just four of the qualities that businesses will require of their future leaders in this time of transformation. Nor was uncertainty high on the agenda of most business schools. As time passed, it came to seem at least in the advanced economies that almost any government interference in the workings of the market was likely to do damage. The American government - and you have to pinch yourselves when you say this - had to nationalise General Motors, albeit briefly. Across the whole of the developed world, governments are working on major programmes of new legislation covering the financial system. Public concern about high levels of executive compensation, accounting irregularities, and flawed decision making have prompted considerable soul searching at business schools, driven in part by student pressure to have environmental, ethical and corporate responsibility issues embedded in the curriculum.