Strategic capacities in US universities – the role of business schools as institutional builders

  • Received August 18, 2017;
    Accepted October 30, 2017;
    Published March 1, 2018
  • Author(s)
    Guillaume Carton , Charles McMillan , Jeffrey Overall
  • DOI
    http://dx.doi.org/10.21511/ppm.16(1).2018.18
  • Article Info
    Volume 16 2018, Issue #1, pp. 186-198
  • TO CITE АНОТАЦІЯ
  • Cited by
    4 articles
  • 1282 Views
  • 263 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

The global expansion of the higher education and professional faculties like business schools offers a case study in the strategic capabilities of universities and professional schools like business to build academic strength, reputation, and legitimacy. The expansion of business schools reflects novel strategies like ecosystems collaboration and network advantages, presenting new challenges for quality, relevance, and competitive threats from the consulting industry, corporate universities, MOOCs, and highly-specialized business schools. The paper concludes with recommendations for business education.

view full abstract hide full abstract
    • Figure 1. More graduates, lower salaries
    • Figure 2. Business School Ecosystem
    • Figure 3. Frontier firms vs. others
    • Figure 4. The science-commercialization continuum
    • Figure 5. Alignments and tradeoffs in business schools
    • Table 1. Profile of top 25 US research universities (2008) (all figures USD)
    • Table 2. Profiles of two management societies: Academy of Management and Strategic Management Society
    • Table 3. Two contrasts of knowledge tool kits: medicine and business
    • Allison, G. T. (1969). Conceptual Models and the Cuban Missile Crisis. American Political Science Review, 63, 689-718.
    • Bachrach, D. G. et al. (2017). On Academic Rankings, Unacceptable Methods, and the Social Obligations of Business Schools. Decision Sciences, 48, 561-585.
    • Barnard, Chester I. (1938). The Functions of the Executive. Cambridge, MA: Harvard University Press.
    • Baxter, Eric, & Charles McMillan (2011). Higher Education in Ontario: The Need for Research Universities. Canadian Journal of Public Administration, 54(September), 211-227.
    • Bennis, W. G., & O’Toole, J. (2005). How business schools lost their way. Harvard Business Review, 82(3), 96-104.
    • Berman, Elizabeth, P. (2013). Creating the Market University: How Academic science became an economic engine. Princeton: Princeton University Press.
    • Bloom, Nicholas, & John Van Reenan (2010). Why Do Management Practices Differ Across Firms and Countries. Journal of Economic Perspectives, 29(1), 203-224.
    • Bresnahan, T. (2010). General Purpose Technologies. Handbook of Economics of Innovation, 2, 761-791.
    • British Council (2012). The Shape of Things to Come: Higher Education trends and merging Opportunities to 2020. London: British Council.
    • Chames, A., & Cooper, W. W. (1961). Management Models and Industrial Applications of Linear Programming. New York: Wiley.
    • Christensen, C. R. (1987). Teaching and the Cases Method. Boston: Harvard Business School Press.
    • Cyert, R., & March, J.G. (1963). A Behavioral Theory of the firm. Prentice-Hall, Englewood Cliffs.
    • Cyert, R. M., & William Dill (1964). The Future of Business Education. Journal of Business, 37(1), 221-237.
    • David, Henry, L., & Robin, M. Hogarth (2012). Rethinking Business Education: A View from Chicago. Chicago: Booth School of Business, Selected Paper #72.
    • Drucker, Peter F. (1977). Management. New York: Harper’s College Press.
    • Durand, Thomas, & Stéphanie Dameron (2015). Where Have All the Business Schools Gone. British Journal of Management, 22, 559-563.
    • Durand, Thomas, & Stéphanie Dameron (Eds). (2008). The Future of Business Schools: Scenarios and Strategies for 2020. Basingstoke: Palgrave Macmillan.
    • Fourcade, Marion, Etienne Ollion, & Yann Algan (2015). The Superiority of Economists. Journal of Economic Perspectives, 29(1), 89-114.
    • Fragueiro, Fernando, & Howard, Thomas (2011). Strategic Leadership in the Business School. Cambridge, U.K. Cambridge University Press.
    • Franks, Lord Oliver (1963). Report on British Business Schools. London: British Institute of Management.
    • Gordon, Robert J. (2000). Does the ‘New Economy’ Measure up the the Great Innovations of the Past? Journal of Economic Perspectives, 14(Fall), 49-74.
    • Hymer, Stephen, & Robert Rowthorn (1970). Multinational Corporations and International Oligopoly: The Non-American Challenge. In Charles Kindleberger (1970). The International Corporation. Cambridge: MIT Press.
    • Kiechel, Walter (2010). The Lords of Strategy. Boston: Harvard Business School Publishing.
    • Kleiman, L. S., & Kass, D. (2007). Giving MBA programs the third degree. Journal of Management Education, 31(1), 81-106.
    • Lorange, Peter (2010). Global Success: Real World Research’Meets’ Global Practitioners. In Weber & Duderstadt (2010), 167-174.
    • Lorange, Peter (2016). The Business School of the Future (in press).
    • Lorange, Peter. (2008). Thought Leadership Meets Business: How Business Schools Can Become More Successful. Cambridge: Cambridge University Press.
    • March, James G. (2007). Scholarship, scholarly institutions, and Scholarly communities. Organizational Science, 18(3), 537-542.
    • March, James G. (2008). Explorations in Organizations. Stanford: Stanford University Press.
    • McKenna, Christopher D. (1995). The Origins of Modern Consulting. Business and Economic History, 24, 51-58.
    • McMillan, C., & Overall, J. (2016). Wicked Problems and the Misalignment of Strategic Management Design. Journal of Business Strategy, 37(1), 34-43.
    • McMillan, C., & Overall, J. (2016). Management Relevance in a Business School Setting: A Research Note on an Empirical Investigation. The International Journal of Management Education, 14(2), 187-197.
    • McMillan, Charles (2010). Five forces for effective leadership and innovation. Journal of Business Strategy, 31(2010), 11-22.
    • McMillan, Charles (2016). On Docility: A Research Note on Herbert Simon’s Social Learning Theory. Journal of Management History, 22(1), 91-114.
    • Micklethwait, John, & Advian Wooldridge (1996). The Witch Doctors. New York: Random House.
    • Minzberg, Henry (2004). Manager, Not MBAs: A Hardlook at the Soft Practice of Management. San Francisco: Berrett-Kochler.
    • Moore, James F. (1993). Predators and Pray: A New Ecology of Competition. Harvard Business Review (May–June), 75-86.
    • Pfeffer, J., & Fong, C. T. (2002). The End of Business Schools? Less Suc¬cess that Meets the Eye. Academy of Ma nagement Learning and Education, 1, 78-95.
    • Primack, Dan, & Erin Griffith (2015). The Age of Unicorns. Fortune (January 22).
    • Romer, Paul (1990). Endogenous Technological Change. Journal of Political Economy, 98(1), 71-102.
    • Rubin, R. S., & Dierdorff, E. C. (2009). How relevant is the MBA? Assessing the alignment of required curricula and required managerial competencies. Academy of Management Learning & Education, 8(2), 208-224.
    • Salmi, Jamil (2009). The challenge of establishing World Class Universities. Washington: The World Bank.
    • Schendel, Dan., Ansoff, I., & Channon, D. (1980). Statement of editorial policy. Strategic Management Journal, 1, 1-5.
    • Schumpeter, Joseph A. (1948). History of Economic Analysis. New York: Oxford University Press.
    • Schwab, Andreas, & William H. Starbuck (2016). Collegial ‘nests’ Can Foster Critical Thinking, Innovative Ideas, and Scientific Progress. Strategic Organizations, 14, 167-177.
    • Servan-Schreibr, Jean-Jacques (1967). The Défi Américain. Paris: Editions de Noel.
    • Simon, Herbert A. (1947). Administrative Behavior. New York: MacMillan, republished in 1957, 1976, 1996.
    • Simon, Herbert A. (1991a). Organizations and Markets. Journal of Economic Perspectives, 5 (Spring), 25-44.
    • Simon, Herbert A. (1991b). Models of My Life. New York: Basic Books.
    • Simons, Robert (2013). The Business of Business Schools: Restoring a Focus on Competing to Win. Capitalism and Society, 8, 2-37.
    • Thoenig, Jean-Claude, & Catherine Paradeise (2016). Strategic Capacity and Organizational Capabilities: A Challenge for Universities. Minerva, 54, 293-324.
    • Van der Zwaan, Bert (2017). Higher Education in 2040: A Global Approach. Amsterdam: University of Amerstam Press.
    • Weber, Luc E., & James J. Duderstadt (Eds.). (2010). The Globalization of Higher Education. Geneva: Glion Colloquium Series No. 6.
    • Wilson, Edward O. (1999). Consilience: The Unity of Knowledge. New York: Vantage.
Download Preview
Close
Problems and Perspectives in Management
Problems and Perspectives in Management