Business Schools in a Changing World : Who Creates Best Practice and Knowledge Management?

Business Schools face an environment with unprecedented global growth and radical innovations. Today, global business leaders come from multiple backgrounds, represented by well-traveled engineers, scientists, artists, and even musicians. Outside the Top-20 well-funded business schools, mostly located in America, capitalizing on a brand of a long history, mostly affiliated with leading universities, with cross appointments in areas like history, economics, psychology, and sociology, other business schools produce research in journals that management never reads, on issues that border on the metaphysical, and now face rising irrelevance because of brand dilution and talent challenges from fast growth and radical innovations. By proposing a few suggestions for business education and research, this paper calls for more proactive interactions with prominent business corporations to encourage their direct participation in the process of business education and research