Business Schools in Crisis

Phillips et al. Journal of Open Innovation: Technology, Market, and Complexity, DOI 10.1186/s40852-016-0037-9

21 Pages Posted: 28 Jul 2016

See all articles by Fred Y. Phillips

Fred Y. Phillips

University of Texas at Austin

Chih-Hung Hsieh

Yuan Ze University - College of Management

Charles A. Ingene

University of Mississippi - School of Business Administration

Linda L. Golden

University of Texas at Austin - Red McCombs School of Business

Date Written: July 28, 2016

Abstract

Economic, political, and demographic changes, technological advances, two crashes of the economy, ethical scandals, and other developments in the business environment have strained the roles and enrollments of American universities’ business schools. The b-schools have not responded adequately. Prevailing theories in many of the management disciplines have broken down, partly as a result of the same environmental changes. Again, schools and curricula have not adapted. Collegiate business education is in dire crisis. In this paper we document the crisis, note measures that have been taken – both constructive and otherwise – and make further suggestions for improving the situation.

Keywords: Business education, MBA, Business schools, Management, business ethics

Suggested Citation

Phillips, Fred Y. and Hsieh, Chih-Hung and Ingene, Charles A. and Golden, Linda L., Business Schools in Crisis (July 28, 2016). Phillips et al. Journal of Open Innovation: Technology, Market, and Complexity, DOI 10.1186/s40852-016-0037-9. Available at SSRN: https://ssrn.com/abstract=2815286

Fred Y. Phillips (Contact Author)

University of Texas at Austin ( email )

2317 Speedway
Austin, TX 78712
United States

Chih-Hung Hsieh

Yuan Ze University - College of Management ( email )

320 No.135, Neicuo Rd.
Zhongli City
Taiwan

Charles A. Ingene

University of Mississippi - School of Business Administration ( email )

PO Box 3986
Oxford, MS 38677
United States

Linda L. Golden

University of Texas at Austin - Red McCombs School of Business ( email )

Austin, TX 78712
United States

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