WAKE UP CALL FOR INDIAN BUSINESS SCHOOLS : The Buck Stops (and Starts) at Business School..extracts from HBR June O9.

Before it happens to India, lets work with the business schools to help them add value to the society…

“Unless America’s business schools make radical changes, society will become convinced that MBAs work to serve only their own selfish interests.” by Joel M. Podolny, HBR June 09

This is just not true about the USA..here are some more extracts..

• “Many people is US believe that management education has contributed to the systemic failure of leadership that led to the current financial crisis.” In India have a look at subiksha, Educomp under the scanner for financial irregularities, Satyam, and many more… ALL MBAs
• “That may be so because, one, a focus on values-based leadership and ethics has not been central
  to management education. And,two, even when B schools teach leadership, they foster the belief that CEOs should focus on the big picture – not the practical details”…How true for Indian MBA. Rather in some schools dolling out degrees and collecting packs of money is key to the big campuses and big ad campaigns and very less value delivered.
• “Business schools can regain society’s trust by emphasizing values as much as they do analytics and
  by encouraging students to adopt a holistic approach to business problems. As professional schools, they
  must stop competing for students only by advertising rankings – a practice that reinforces the idea that
  their only goal is to teach students how to make a lot of money.” Our Indian business schools also need to learn from this.
• The time has also come for business schools to develop codes of conduct for MBAs and to withdraw
  the degrees of those who break the manager’s code.

WAKE UP B SCHOOLS..