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The Enduring Value of the MBA

The Enduring Value of the MBA. Dipak C. Jain Kellogg School of Management Northwestern University. Mission of Management Schools. Knowledge Creation Knowledge Dissemination Knowledge Certification. Evolution of Global Business. Time. Focus . 21st Century

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The Enduring Value of the MBA

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  1. The Enduring Value of the MBA Dipak C. Jain Kellogg School of Management Northwestern University

  2. Mission of Management Schools • Knowledge Creation • Knowledge Dissemination • Knowledge Certification

  3. Evolution of Global Business Time Focus 21st Century Human Capital Development: Capabilities/ Competencies Rise of Asia (China & India) • 20th Century • Capital formation & Competition: Capitalism • US, Europe, Japan • Up to the 19th Century • Land Acquisition: Colonization • UK, Spain, Portugal, France Key Players

  4. Evolution of Management Education

  5. Management Schools:Move Beyond Conventional Boundaries of Thinking • Beyond Business • Beyond Success • Beyond US Centric Curriculum Business + Society Success + Significance Developed + Emerging Markets

  6. Key Issues Stakeholders of Management Schools • Students • “Earning” vs. “Learning” • Faculty • “Research” vs. “Teaching” • Alumni • “Engagement” vs. “Involvement” • Corporate Partners (Recruiters ) • “Rigor” vs. “Relevance” • Media • “Ranking” vs. “Reputation”

  7. Key Challenges • Increasing Competition and Complexity • Faculty Attraction, Development, and Retention • Managing Student Expectations • Alumni Involvement and Engagement • Building a Culture of Philanthropy

  8. Summary “The future of competition is collaboration”- Dipak C. Jain

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