The Future Challenges of Business: Rethinking Management Education Harvard Case Solution & Analysis

The traditional paradigm of business schools is not well suited to handle the uncertainty and the high rate of change facing many industries today. A typical MBA program focuses on analytical and cognitive skills, stylized treatment of real-world business problems, and self-serving careerism limited recognition that management is as much art as science. These new challenges now faced by managers call for a shift in emphasis toward the topics that were not well covered in the scientific community, the role of intuition, how to navigate the uncertainty (as opposed to risk), or balance of coordination and peripheral vision. This article examines the teaching, research and management aspects of these new imperatives are learning for business schools and offers some constructive suggestions to address them, based in part on the experience of Mack Center Wharton for technological innovation. "Hide
by Paul JH Schoemaker Source: California Management Review 22 pages. Publication Date: 01 May 2008. Prod. #: CMR399-PDF-ENG

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