Calling for a reform in business education
Here’s an overview of the manifesto for a new generation of business schools. We think we need revolution in business education, not evolution. Cheers Hugh!
The evidence is explicit: achievement in business school is not correlated in any way with success in business.
In fact, even holding a business degree at all does not increase likelihood of success, increase either starting or ongoing salary nor increase happiness.
Nothing.
In spite of this, business education has grown exponentially in the last decade.
We believe the old Industrial-age model is flawed. This is a manifesto for a new generation of business schools, the first of which is planned to launch in October 2010. Here are the founding concepts:
No full-time professors. Telling people what to do full-time and doing nothing yourself is bound to corrupt your thinking (no matter how top-notch your research is). To keep teaching, professors must prove they continue to build outstanding and challenging businesses.
If you’re not prepared to be wrong, you’ll never come up with anything worthwhile. Too often, school is about suppressing mistakes and about making sure you follow the tried-and-true route. We disagree. To graduate from our school, you need to prove you’ve contributed to society in a meaningful way and built a sustainable business. That’s it. Take the time you want, we’re here to help. The school is part-time only.
The Internet is changing the way we see the world. We’ll make available plenty of TEDTalks and lectures from Khan Academy and Academic Earth. Stand up, discuss and defend your opinion, you’ll develop an understanding of the world like never before.
Meet amazing people. We think school should be about building genuine and long-term relationships and people you care for. We’ll make sure that happens.
It’s a miracle if curiosity survives formal education. That’s Albert Einstein speaking. We’re looking for diversity, creativity, people who get excited and passionate about their projects. And we strive at bringing back the “learning” part of education.
[Note: this is one of the Cube Grenade entries. Share your story for a chance to win a commissioned piece of art.]
