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September 2013

The Newsletter of the Graduate Management Admission Council

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WORTH REPEATING: Strategic Choices for B-Schools

Disrupt or Be Disrupted: A Blueprint for Change in Management Education is a recent publication from GMAC which takes "an evidence-based approach to improving the practice of graduate management education."

The book is very timely, given the increasing challenges of optimizing cost and quality for many business-schools. For example, the strategic choice of Thunderbird, a reputed B-school, partnering with Laureate, an aggressive for-profit network, to give a boost to its financials and reach. Or UCLA to go independent from public funding to have more autonomy and pricing power. These strategic choices are becoming integral to the success of business schools.

The book had two very interesting and insightful chapters on this topic. First, is Framing and Making Strategic Choices by Michael Hay and the second is Managing Aspirations, Resources, and Cost Structures in Differentiating Constraints by Jikyeong Kang and Andrew Stark. I asked these authors about their chapters and what future they foresee for business schools.

Read the entire story from DrEducation: International Higher Education Blog.

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