Global Sustainable Capitalism

CHAPTER 7

The Role of Business Schools: Criticism and Legitimacy

Introduction

Over the last two decades, business schools have been exposed to a lot of criticism supporting mainstream economic and business model even when things got out of hand. But some have claimed that this is only understandable since business schools are also businesses that belong to the same business model as the rest of the global economy. They have become big business with a surprisingly little evaluation of the impact of business schools on either their graduates or the profession of management (Pfeffer and Fong 2002) with two immediate consequences. First, the criticism that possessing an MBA degree or the grade earned in the courses does not correlate with career ...