The Future of Business Schools: Purpose, Action, and Impact

Are business schools on the wrong track? For many years, business schools enjoyed rising enrollments, positive media attention, and growing prestige in the business world. However, due to the disruption of Covid-19, many previously ignored issues relating to MBA programs resurfaced. As a result, MBA programs now face lower enrollments and intense criticism for being deficient in preparing future business leaders and ignoring essential topics like ethics, sustainability, and diversity and inclusion. The Future of Business Schools discusses these issues in the context of three critical areas: complexity, sustainability, and destiny. How do we prepare students for a new and complex world, how can business schools focus on the planet's sustainability, and how will they shape a better future for everyone? The chapters present views and suggestions of business school professors, researchers, and leaders from different contexts and countries as well as ideas for business school stakeholders, on topics from program structures, course content, and teaching materials to research topics. In addition to examples of innovations, there are tools offered to help universities navigate complexity and prepare for uncertainty. The material will assist business school faculty, staff, and administrators as well as professionals, policymakers, and organizations in identifying new directions for business schools in this evolving field.

Table of Contents:
Contents: Foreword xvii Marc Gruber Foreword xix Louis Jacques Filion Introduction to The Future of Business Schools 1 Rico Baldegger PART I SENSEMAKING IN BUSINESS SCHOOLS: NAVIGATING COMPLEXITY AND PREPARING FOR UNCERTAINTY 1 Building the business schools of the future with a strong focus on practical wisdom for a VUCA world 14 Wolfgang Amann, Agata Stachowicz-Stanusch and Shiv Tripathi 2 Post-COVID-19 future of hybrid education: internationalization, inclusion, opportunities 27 Mary Kate Naatus, Katia Passerini, Kevin Pon and Mark Somers 3 Expanding and renewing teaching and learning: towards Global Studies 40 Nicole Saliba-Chalhoub and Christophe Schmitt 4 A new call for Business Schools: breaking out of the paradox loop 52 Martine Boutary and Wafa Khlif 5 Designing disruptive-innovative business schools 69 Werner Krings, Michael Harrison and Roger Palmer 6 The case for enterprise risk management in business education 93 Norean R. Sharpe, Nancy Hubbard and Paul L. Walker PART II POSSIBLE FUTURE OF BUSINESS SCHOOLS WITHIN THE CONTEXT OF THE SUSTAINABLE DEVELOPMENT CHALLENGE 7 Shaping the new normal: business schools as an enabler for promoting a sustainable world – the example of CBS International Business School, Germany and IEDC Bled School of Management, Slovenia 110 Elisabeth Fröhlich, Anja Karlshaus and Danica Purg 8 Healing a hurt generation with humane entrepreneurship and creativity 129 Ayman El Tarabishy and Rosangela Feola 9 System changers – for a new era of value creation 147 Valeria Budinich, Fernande Raine and Diana Wells 10 Partners in learning 167 Heather Cairns-Lee and Alisée de Tonnac PART III PERFORMANCE OF BUSINESS SCHOOLS: RECENT TRENDS, VIEWS ON PERTINENCE AND USE OF MANAGEMENT EDUCATION 11 The manager of the future will either be resilient and empathetic, or not at all! 181 Inés Gabarret and Marcela Schweitzer 12 How do Business Schools interpret business values? 196 Paul G. Davies and Louisa Huxtable-Thomas 13 Bridging the gap: from instruction to co-construction in higher education 211 Gaby Probst and Laura Zizka 14 The imminent computational MBA degree 227 Mark Darius Juszczak 15 Is higher education hybrid-ready or not? An open call for business schools’ ongoing dual transformation 246 Francesca Pucciarelli, Francesco Rattalino and Francesco Venuti 16 Looking to the future: will male students underperform in the business school (too)? 261 Kristian J. Sund Index

About the Author :
Edited by Rico J. Baldegger, Dean and Professor, School of Management Fribourg (HEG-FR), University of Applied Sciences & Arts Western Switzerland, Ayman El Tarabishy, President & CEO, International Council for Small Business (ICSB), Deputy Chair, Department of Management, School of Business, The George Washington University, US, David B. Audretsch, Indiana University, US and the Department of Innovation Management and Entrepreneurship, University of Klagenfurt, Austria, Dafna Kariv, Professor of Entrepreneurship; Head of the dual degree Entrepreneurship-Business Administration, Adelson School of Entrepreneurship, Reichman University (RUNI), Herzliya, Israel, Katia Passerini, Provost and Executive Vice President, Seton Hall University, South Orange, New Jersey, US and Wee-Liang Tan, Associate Professor of Strategic Management, Lee Kong Chian School of Management, Singapore Management University, Singapore

Review :
‘In a timely volume, Professors Baldegger, El Tarabishy, Audretsch, Kariv, Passerini, and Tan have demonstrated that the future of business schools is now. Business schools can and should play a critical role in economic and talent development worldwide, and this book shows us the path forward. Filled with strategic and operational insights, this is a book useful for all internal and external business schools stakeholders, including students, faculty, university leaders, alumni, governments, policymakers, and society at large.’