The Sage Handbook of Management Learning, Education and Development.

Abstract

The globalization of business, the technological revolution as well as the requirements of the knowledge society in the 21st century and - not to forget - the recent global financial and economic crisis, some consider it a "crisis of management" and "management education appears to be a significant part of this problem" (Mintzberg, 2009) - cry for radical and rapid reforms in the education of future managers in business schools (for example Goshal, 2005, Gosling & Mintzberg, 2006, O'Toole, 2009). One of the major problems of many business schools at universities today - among other things, like the emphasis on discipline-based publications in 'A' grade journals at the expense of quality of teaching or the misleading assessment and accreditation practice of business schools focusing on prestige and quantifiable aspects - is the lack of a clear vision and purpose of management education. However, in order to survive in an increasingly competitive world-wide market offering education (as compared to 'just' training), i.e. innovative MBA programs developing students' capacity to learn, preparing them for a lifetime of leadership seems to be the comparative competitive advantage of higher education institutions.

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