The melt-down and the MBA: The Working Week 89

This week, Wayne talks to Ken Starkey, Professor of Management and Organisational Learning at Nottingham University Business School in the UK, about the financial meltdown and what it tells us about the MBA.

Since many of those responsible for the financial disaster have MBAs from top business schools, what does that say about top business schools? Are the teaching the right things or does the whole basis of the modern MBA need to be re-examined?

As Professor Starkey points out, it certainly appears to be the case that the MBA is rather one-dimensional. Is putting economics at the heart of the MBA is such a good idea when a sense of history and learning from the past seems to be so blatantly missing? And likewise, we ought to ask why those much-vaunted MBA case studies failed to raise any alarm bells about the unfolding financial melt-down?

Finally, what about globalisation? How can the MBA respond to the shift Eastwards of economic power and influence and how can it respond to entirely new ways of thinking about business management?

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