As I reflect on my nine years as dean and look ahead to the future, I foresee four significant issues affecting business schools and higher education that will warrant attention and drive change in the next decade.
Business schools teach students the skills needed to analyze economic and other issues dispassionately. A key ingredient in our ability to perform objective analysis involves the minimization of emotion in the calculation. The idea is to remove our biases so we can look at a decision deliberately and objectively.
Many students expect and in fact prefer a hands-on approach to teaching as opposed to lecturing. Today's students are digital natives and thrive on all things technical and web-based.
Upon reflection, I believe there are many reasons why business schools have not been as effective in teaching generosity over greed. One is that we rarely are placed in circumstances that cause us to change our thinking about people, problems or the cost of poverty and neglect.
Are you a film buff? If so, Pittsburgh PA has the makings of a perfect getaway. With three rivers, 446 bridges, and a New Yorkish downtown, Pittsburgh makes a compelling backdrop for movies.
I am not saying that student loan indebtedness should be ignored. It is a problem, but it is less serious than other related problems. It is a symptom of a vicious cycle: State governments have reduced funding for higher education, which pushes tuition higher.
For all the good social media brings, a generally unmentioned corollary is the fact that the more someone posts or tweets, the less time he or she has to read, experience or listen. Time is a limited resource.
I'm starting to realize this is in iterative process -- there is no finish line or end game. I'm adjusting my resiliency journey to be more focused on awareness and forgiveness of missteps, because that is where the true resiliency shows up.
The best answer to the debt question is that business schools will have made the appropriate adjustments in curricula, experience-based learning opportunities and theory/practice mix in order to give students the skills needed to command higher compensation premiums at work.
Professors with strong global awareness are better equipped to help students apply lessons within an international context and to develop international content and perspective within their courses.
The real reform to higher education is going to occur as the balance between in-person and technology-enhanced education is refined. Successful MOOCs will demonstrate where such refinement is occurring.
Today's startup culture is forcing many professionals to become agile, when tech developers every day find themselves as CEOs learning how to run a new business as they go.
Throughout his storied career as a lawyer, law professor, and legal scholar until his death last October at age 80, Derrick Bell was well-known for his willingness to stand up and speak out about the injustices he saw around him, even when it cost him his own positions.
You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.
Ray Bradbury once said, "There is only one type of story in the world--your story." In other words, all writing is autobiographical. ...
Joe Student may not have much money to his name, but his banking decisions now will likely impact the rest of his life.