Executive Education is Dead As We Know It, Where to from Here?
This is no idle statement. Read the opening statement from the Harvard Business Centenary Global Business Summit "Business Education in 21st Century. ...On the whole, MBA programs are in decline. Their value is being questioned, and they are seen as overly emphasizing analytics rather than skill development and experiences. Deans, executives, and recruiters identified four main areas where current MBA programs are falling short: leadership; globalization; communication/presentation skills; and problem identification in ambiguous environments... It came as a shock to The Creative Leadership Forum to see our own research so strongly validated on the failure of business school education to provide practical business skills by the most famous business school brand globally. And the trend is not just in America. Since the global financial crisis in November 2008, Australia's leading business schools have had dramatic drops in attendance of up to 70%