It is nobody’s case that management institutes should stop listening to the needs and wants of industry. But they cannot afford to be perceived as placement agencies rather than educational institutes, says Vasant V Bang.
EVEN before the current financial meltdown, scholars from within the management education fraternity had questioned the ways of management schools. Henry Mintzberg wrote a book titled Managers, not MBAs. Last year Harvard professors Rakesh Khurana and Jim Heskette wrote about deprofessionalisation of management education. Joan Magretta a former editor of Harvard Business Review wrote: “Leading business schools certainly played a role in legitimising the culture of easy money in 1990s. The pitch business schools made to the students in the late nineties was: you shall need connections. We have got them.”
