Challenges facing business schools in the future

Challenges facing business schools in the future Purpose – Forward‐looking schools around the world are beginning to implement changes to their curricula, their marketing strategies, their alliances and partnerships to face the challenges of the increasingly competitive business education market of the future. This paper seeks to identify success factors for business schools in their competitive environment, and to provide some recommendations for higher education in the future. Design/methodology/approach – The paper outlines the current challenges faced by business schools and those posing a threat for their success in the future. Furthermore, the paper proposes tools and strategies for facing these challenges. Findings – The successful business school of the future will offer innovative programmes, backed by the appropriate resources to guarantee an excellent faculty body, an international experience and a multi‐cultural environment to its students. At the same time, successful business schools will seek accreditation and quality improvement programmes to prove to the market that they are committed to excellence and innovation. Originality/value – The paper encourages business schools to ensure an adequate level of resources to concretize their mission statements and afford qualified faculty, to globalize their faculty and student body but also their curricula, to create links with other schools and companies, and to train students to become globally responsible leaders. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Management Development Emerald Publishing

Challenges facing business schools in the future

Journal of Management Development, Volume 26 (1): 6 – Jan 9, 2007

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Publisher
Emerald Publishing
Copyright
Copyright © 2007 Emerald Group Publishing Limited. All rights reserved.
ISSN
0262-1711
DOI
10.1108/02621710710720130
Publisher site
See Article on Publisher Site

Abstract

Purpose – Forward‐looking schools around the world are beginning to implement changes to their curricula, their marketing strategies, their alliances and partnerships to face the challenges of the increasingly competitive business education market of the future. This paper seeks to identify success factors for business schools in their competitive environment, and to provide some recommendations for higher education in the future. Design/methodology/approach – The paper outlines the current challenges faced by business schools and those posing a threat for their success in the future. Furthermore, the paper proposes tools and strategies for facing these challenges. Findings – The successful business school of the future will offer innovative programmes, backed by the appropriate resources to guarantee an excellent faculty body, an international experience and a multi‐cultural environment to its students. At the same time, successful business schools will seek accreditation and quality improvement programmes to prove to the market that they are committed to excellence and innovation. Originality/value – The paper encourages business schools to ensure an adequate level of resources to concretize their mission statements and afford qualified faculty, to globalize their faculty and student body but also their curricula, to create links with other schools and companies, and to train students to become globally responsible leaders.

Journal

Journal of Management DevelopmentEmerald Publishing

Published: Jan 9, 2007

Keywords: Business schools; Curricula; Marketing strategy; Innovation

References

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