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The Business School ‘Business’: Some Lessons from the US Experience*
Author(s) -
Pfeffer Jeffrey,
Fong Christina T.
Publication year - 2004
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/j.1467-6486.2004.00484.x
Subject(s) - ethos , executive education , salary , value proposition , business education , proposition , face (sociological concept) , public relations , value (mathematics) , new business development , business model , service (business) , business , philosophy of business , marketing , higher education , sociology , political science , electronic business , economics , economic growth , social science , philosophy , epistemology , machine learning , computer science , law
US business schools dominate the business school landscape, particularly for the MBA degree. This fact has caused schools in other countries to imitate the US schools as a model for business education. But US business schools face a number of problems, many of them a result of offering a value proposition that primarily emphasizes the career‐enhancing, salary‐increasing aspects of business education as contrasted with the idea of organizational management as a profession to be pursued out of a sense of intrinsic interest or even service. We document some of the problems confronting US business schools and show how many of these arise from a combination of a market‐like orientation to education coupled with an absence of a professional ethos. In this tale, there are some lessons for educational organizations both in the US and elsewhere that are interested in learning from the US experience.