Business schools face a charge of having some complicity in the events that led to financial crisis in 2007/2008 due to their strong focus on 'casino capitalism' and financial engineering. The relevance of modern business education is under question specially from the non-business communities in the society.
Interesting question indeed. Business schools around the world have a different focus. If we take the MBA as the most sought after degree by business professionals, or those aiming for a business career at the higher spheres of power, It would seem evident that some of their practices are underpinned by the theoretical notions they have learned at business school. Of course, other skills are developped through professional practice.
Notable differences can be oberved amongst various business schools. For example, some of the top business schools in the world focus on "leverage", while some would focus on ethical growth and sustainability.
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