Bschool 3 0 agenda
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BSchool 3.0 - agenda. talk about content situation & trends BSchool m odel/s challenges suggestions - judgment and rhetorical skills Bschool 3.0 as agent of change. discussed / under-discussed. marketing issues student catchment statistics

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BSchool 3.0 - agenda

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Bschool 3 0 agenda

BSchool 3.0 - agenda

  • talk about content

  • situation & trends

  • BSchoolmodel/s

  • challenges

  • suggestions - judgment and rhetorical skills

  • Bschool 3.0 as agent of change


Discussed under discussed

discussed / under-discussed

  • marketing issues

    • student catchment

    • statistics

    • narrow / broad communication / presentation

  • curriculum / educational content

    • delivery modes (on-line etc.)

  • BSchool management

    • strategy / mission (alignment)


Situation trends

situation & trends


Bschool 3 0 agenda

Current slowdown in applications to full-time two-year MBA programs in Asia-Pacific region occurred as rate of economic growth in the region slowed, most notably in China.Will it pick up ?

Majority of full-time one-year MBA programs in Asia-Pacific region (53%) continue to report increases; a slower rate of growth compared with 2012, when 77% of programs reported growth.


Bschool 3 0 agenda

Percentage of Full-Time One-Year MBA Programs Reporting Increases by World Region 2013 vs. 2012

Decline in applications reported by MBA programs serving working professionals— part-time, executive, flexible, and online MBA. One-quarter of part-time and online MBA programs reported receiving fewer applications for the 2013–2014 incoming class than seats available


Bschool 3 0 agenda

Asian MBA boom set to accelerate in 2014. The real story is the continued astounding appetite of Asian employers for MBAs. Asian employers reported another bumper year, with 20% growth in MBA demand in 2013.


Bschool 3 0 agenda

onwards and upwards ?

boosters versus naysayers & critics


Challenges

challenges

  • saturating/skimming the market ?

  • elite US / EU schools globalizing

    • threaten local suppliers - two tier market ?

    • product standardization - US determined / advantage ?

  • faculty shortage/s

    • media & IT skills

    • research as professional preparation

    • doctoral programs

  • MOOCs

    • economies of scale in production & grading

    • flipped teaching

    • techno-pedagogical progress

unbundling the 2nd tier MBA


Bschool 3 0 agenda

with apologies

BSchool3.0 ➔ what can it mean ?

OOPS! - do we really understand how BSchool 1.0 & 2.0 worked and why our industry has been so insanely successful - so far ?


Bschool model student view

BSchool Model - student view

employability

stretch

  • academic

  • social

  • self-management

faculty

selection


Bschool model faculty view

BSchool Model - faculty view

ranking ?

curriculum

  • curriculum committees

research

  • research funding

  • teaching release

  • publications

  • doctoral program

qualification


Bschool model administration view

BSchool Model - administration view

employers /

recruiters

reputation

recruit and teach students

create and sell value-proposition


Bschool as a business

BSchool – as a business

  • accreditation

  • ranking mgt

  • media mgt

  • financial aid

  • alum mgt

  • fund raising

  • facilities

  • faculty

placement

reputation/brand

student

self-selection

value

proposition


Bschool trade secrets

BSchool ‘trade secrets’

  • best reputation attracts best students

  • facilitates fund raising

  • little concern with curriculum (standardized/ accredited)

top 5 / 25 / 100 ?

cost

best students are the least expensive to teach and place - and they hire the best in the next cohorts

school reputation

strong feedback ➔ winner-take-all model - 1. up to capacity limits

2. regional demand


Bschool 2 1 model

BSchool 2.1 Model

  • improved value-proposition - global / regional, o’seas visits, ‘blended’ / flipped, student-oriented interaction

  • add-ons to the standard US curriculum - business ethics, not-for-profit, CSR, sustainability, etc.

  • practice - local consulting, internships - credit hours

  • dominant model - continuous improvement but no radical change/s in the near future

  • business as usual, a bit faster

  • value-proposition / student debt

  • a ‘bubble’ ?


Bschool 3 0

BSchool3.0

  • serving business or student centered ?

  • MBA - corporate lackey - or SME-based agent of economic and social change ?

  • management science does not work as advertised

  • practice demands constant innovation /entrepreneurship

  • value - laden

  • students ‘marked’ - carry their school’s ‘genes’ / thumbprint forever


Routes to bschool 3 0

routes to BSchool 3.0

  • “astounding appetite for MBAs” ?

  • compare BSchools to other ‘professional schools’

  • critique - relevance to practice, accreditationbasis / metrics

  • what is missing from BSchool 2.0 ?

  • what is a firm ?

  • what is management practice ?

  • what should MBAs know ?

  • what should Indian MBAs know ?


Theory of the managed firm tmf

theory of the managed firm (TMF)

  • facts & uncertainty (knowledge-absences)

  • analysis & decision-making complemented by judgment

  • casework - immersion in facts and absences - no right answer - students engage uncertainty

  • integrated reasoning - synthesize results of analysis

  • management’s judgment contributions are fundamental

  • managerial art to complement science

  • synthesis - essence of BSchool 3.0


Bschool leadership

BSchool leadership

  • Herb Simon (1967) “Business School: Problem in Organizational Design”

  • tensions between disciplines, methods, and practices

  • leadership = ongoing persuasive synthesizing

  • students must learn to bridge/synthesize what faculty do not

  • BSchool 3.0 - implement Simon’s vision as a start

two final points


Public sector

public sector

a tale of two schools, or

how actions have consequences

- but not in India


Business school 3 0 summary

Business School 3.0 - summary

  • agent of change - grown up from BSchool 2.1

  • contextualized NOT standardized

  • judgment supported by analysis - art form like cricket

  • private sector intertwined with public service

  • training in rhetorical skills, harnessing others’ passion

  • persuasion is everything - customers, investors, partners, employees, competitors, regulators

  • purpose - a world bettered


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