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MBA Review Magazine:
An Entrepreneurial Mindset: The Essential Component for a Competitive Edge
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This article challenges the current evaluation system for B-Schools and argues that they fail to measure superior educational outcomes. It also suggests that business schools should practice what they preach and adopt an academic entrepreneurial model that promotes innovation, change, improved market response and superior customer service.

 
 
 

The last two decades have been a tumultuous time for the traditional B-School. The explosion of distance learning and satellite campuses, the introduction of the executive MBA, and the onset of increased competition amongst colleges and universities has shaken the foundation of many long-standing, established business programs. To add insult to injury, there is now a plethora of metrics that attempts to objectify the process of determining where the business programs rank amongst the many competing institutions worldwide. This intentionally provocative article seeks to: 1) challenge what B-School evaluators are accessing in determining superiority in business education, 2) address if these rankings and metrics translate into superior pedagogical outcomes and 3) provide an alternative model that promotes market competition amongst universities and results in improved critical thinking of students and improved educational outcomes overall.

The challenge of B-School comparisons and rankings is to ensure the emergence of healthy competition and improved educational outcomes. Unfortunately, many comparative studies to date failed to measure true educational advancement or lead to true improved academic results. Many commercial rankings - academicians and practitioners argue - are more a media marketing tool to drive magazine readership or overall advertising support from higher ranking institutions, challenging the objectivity of the statistics and the criteria on which the evaluations are based. Scholarly rankings are flawed as well, as many in higher education challenge that the measurement criteria are not based on evaluating the quality of a university's ability to educate.

Villanova Professor, Jonathan Doh argues that B-Schools should be evaluated on their ability to advance knowledge, learning and impact, challenging that our existing ranking system for B-Schools and other academic institutions fail to measure an institution's ability to advance learning, knowledge and relevant understanding.

McGill University Professor, Nancy Adler and University of Melbourne Professor, Anne Wil-Harzing, are outraged over the current scholarly evaluation systems. The scholars call for a "Temporary moratorium on rankings" until a more reliable and valid assessment of "Scholarly contributions can be developed" arguing that the current assessment system is flawed, dysfunctional and fails to address the questions that plague our global business organizations. The professors challenge that the current ranking mechanisms foster an overall emphasis on prolific publishing while diluting and drawing scholarship away from a university's fundamental purpose.

 
 
 

MBA Review Magazine, Entrepreneurial Mindset, Entrepreneurial Model, Business Programs, Global Business Organizations, Ranking Mechanisms, Evaluation Systems, Academic Entrepreneurs, Online Learning Components, Management Developments, Business Sectors, Corporate Entrepreneurship.