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PART ONENot MBAs

IT IS TIME to recognize conventional MBA programs for what they are—or else to close them down. They are specialized training in the functions of business, not general educating in the practice of managing. Using the classroom to help develop people already practicing management is a fine idea, but pretending to create managers out of people who have never managed is a sham. It is time that our business schools gave proper attention to management.

This may seem like a strange contention at a time when MBA programs are at the height of their popularity, when MBA graduates are at the pinnacle of their success, and when American business, which has relied so heavily on this credential, seems to have attained its greatest stage ...

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