Sustaining Excellence thru’ Quality Business Education: the MBA

1. Sustaining Excellence thru’ Quality Business Education: the MBA An Assessment of the Quality in MBA programs ACBSP – Dubai – November 2011

2. Leadership: Business Faculty must lead in creating and sustaining a culture of scholarly and systematic educational innovation -V- ACBSP – Dubai – November 2011

3. Five Forces of Change: Globalization Society, Demography Technology Energy ACBSP – Dubai – November 2011

4. Brief History: the MBA: 1881 – Wharton School of Finance 1900 – Dartmouth Business School 1908 – Grad School at Harvard 1960s – US Model in England 1970s – US Model in Europe Modern globalized multi-national MBA ACBSP – Dubai – November - 2011

5. Sustaining the MBA: Managing the “Triple Bottom line” The nature of MBA programs The scope of programs The consequences of programs ACBSP – Dubai – November - 2011

6. Evaluations of MBA: • Quality - Credentials “publish or perish” • Quality – Experience of the “real” world Just how far are the academics behind what is going on in industry?

7. Assessing the MBA: Nature Traditional 2 year Intensive 11-18 months Executive – Short Course Various Part-time formats Distance programs Unaccredited Programs ACBSP – Dubai – November - 2011

8. Special Considerations The tier-3 B-schools in tier-2 towns are full of young ladies. Whether in management or in engineering, they are pursuing education for the sake of a 'degree'. Almost an eligibility certificate to get a 'good match‘ Rashmi Bansal, www.rediff.com ACBSP – Dubai – November - 2011

9. Sustaining the MBA: Scope Consider the report of the Monitoring and Evaluation Directorate of the Council of Higher Education in the Republic of South Africa 2004 ”The prime need for real business experience is not widely recognized at the present MBA institutions” ACBSP – Dubai – November - 2011

10. Sustaining the MBA: Scope First 4 of 8 Criteria Assessed MBA Program Resources MBA Human Resources Student Recruitment Diversity ACBSP – Dubai – November - 2011

11. Evaluating the MBA: Scope Sercond 4 of 8 Criteria Assessed Learning Program Teaching & Learning Assessment Research ACBSP – Dubai – November 2011

12. MBA: Scope MBA Program Resources Smart classrooms Available software / databases Library resources Integrated online events / chats / ++ Support staff ACBSP – Dubai – November - 2011

13. MBA: Scope MBA Human Resources Number & Quality (PhD –v- Experience) Number & Quality of support staff Business Faculty follows Business Publication of research – useful? Publication –v- Consultancy Salary levels ACBSP – Dubai – November - 2011

14. MBA: Scope MBA Student Recruitment Admission policy compliance - experience Favoring to non-nationals – full payers Blogs & Podcasts 5,000 programs worldwide Best practices ACBSP – Dubai – November - 2011

15. Best practices: Admissions: Specific requirements Minimum levels of experience (3+ years) GMAT or standardized test Interview “due diligence” Limits on Prior Learning credit Monitoring cohort performance Transparency – attrition rates ACBSP – Dubai – November - 2011

16. MBA: Scope MBA Diversity Diversity in the business world Global business diversity Accessibility to on line programs ACBSP – Dubai – November - 2011

17. MBA: Scope MBA Learning Program Depends on the class make-up Need for real business experience Flexibility –v- Structure Performance requirements Each element cost money ACBSP – Dubai – November - 2011

18. MBA – Core Curriculum • Accounting Managerial Accounts • Business strategy Information design • Economics Business Models • Finance Derivatives • Human Resources HCM – Value Mgmt • Marketing Management PR & all that • Production / Operations ISO / Q measures • Statistics Modeling • Ethics (across the curriculum) Action Learning

19. MBA: Scope MBA Teaching & Learning Structure of pedagogical experience Workshops on the “real” world “Creativity & Personal Mastery” Management really is a Liberal Art Seeking purpose ACBSP – Dubai – November - 2011

20. The MBA Purpose • To study the context of Management • To prepare for a lifelong career • To develop self-confidence • To seek continuous improvement • Demings 14 points

21. MBA: Scope MBA Assessment [Accreditation] ACBSP AACSB AMBA IACBE EFMD - EQUIS ACBSP – Dubai – November - 2011

22. Assessment Organizations • Check the assurances they give Do they provide the assurances you seek ?

23. MBA: Scope MBA Research “Innovative opportunities do not come with the tempest – but with the rustling of the breeze” Time & resources for research Links between classroom and business Are there practical applications of classroom theory? ACBSP – Dubai – November - 2011

24. MBA: Consequences Reliable markers of best performance Pre-MBA –v- Post MBA Relevance to employers Longitudinal studies not available Creation of “knowledge-workers” Fostering of synergies for good judgement ACBSP – Dubai – November - 2011

25. The Economist Studies 2011 Mr. Thiel believes that higher education fills all the criteria for a bubble: tuition costs are too high, debt loads are too onerous, and there is mounting evidence that the rewards are over-rated The top ranking schools do not necessarily offer the best teaching, facilities, or curriculum Salary post graduation lower than pre-graduation in 2009 ACBSP – Dubai – November - 2011

26. Sustaining the MBA: We have (all too briefly) examined the Nature, Scope, and Consequences of gaining an MBA. Together we have raised many questions, found some answers and generated more questions ACBSP – Dubai – November - 2011

27. Sustaining the MBA: Let us Conclude by asking: Can the present MBA structure be sustained? ACBSP – Dubai – November - 2011

28. Sustaining the MBA: ACBSP – Dubai – November - 2011