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How business schools lost their way.

Warren G Bennis1, James O'Toole

  • 1Leadership Institute, Marshall School of Business, University of Southern California, Los Angeles, USA.

Harvard Business Review
|June 3, 2005
PubMed
Summary

Business schools are criticized for lacking practical skills and ethical training. They prioritize research over graduate competence, hindering their relevance in preparing future business leaders.

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Area of Science:

  • Management Education
  • Business Administration
  • Higher Education Policy

Background:

  • Business schools face criticism for graduates' lack of practical skills and ethical grounding.
  • Deans and employers note a disconnect between academic training and real-world business demands.

Purpose of the Study:

  • To identify the root cause of the crisis in management education.
  • To analyze the impact of adopting an academic research model in professional business schools.

Main Methods:

  • Critical analysis of the current academic model in business schools.
  • Examination of faculty hiring and promotion criteria.
  • Comparison of business as a profession versus an academic discipline.

Main Results:

  • Business schools prioritize scientific research rigor over graduate competence and practical skills.
  • Faculty are often hired and promoted based on research, not industry experience or practical teaching ability.
  • The assumption that business is purely academic, like chemistry, is fundamentally flawed; it is a profession.

Conclusions:

  • Business schools must balance their dual mission of educating practitioners and creating knowledge through research.
  • Rediscovering the practice of business is crucial for regaining relevancy.
  • A shift from a purely research-centric model to one valuing practical application and practitioner education is necessary.

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