The unfulfilled promise of management education

What is it about?

This paper aims to review the evolution of management education primarily over the last 50 years and seeks to identify the challenges and lessons learned in management education and to assess the potential for change. To gain insight into these issues the authors draw on the perspectives of around 40 key individuals from academia, professional bodies, media, business and students.

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Why is it important?

The key stakeholders in management education are identified as students, business and employers respectively. But in terms of relative stakeholder influence faculty, business and students are the top three influencers. Faculty represent the supply-side whereas business and students represent the demand side of management education. There is evidence that higher tuition fees may increase the power of students and business relative to faculty.