Improving MBAs after economic downturn
28th January 2010
by Jeanette Purcell, chief executive, Association of MBAs
The economic downturn was widely considered to have revealed some shortcomings in what is taught at business schools, particularly in areas such as risk management, corporate governance and business ethics. As a result, there are growing calls for business schools to change their approach, and focus on helping to build a new way of doing business.
This is not to say that schools had not been working hard over the past decade to adapt the MBA to the changing demands of modern business. But the economic crisis certainly highlighted the need for further change - things such as embracing a broader, skills-focused and integrated curriculum, with more extensive coverage of ethics, risk management and sustainable business practices.