Business schools have created the crisis we're in, says Dr. Peggy Cunningham, the new director of the School of Business Administration at Dalhousie University, Canada, in an interview published in Monday's Globe and Mail. Having left a tenured position at Queen's University, Cunningham wants to restructure the Dalhousie business school program around a core concept of responsible leadership.
In a Q&A with reporter Gordon Pitts, Cunningham lays out the problems as she sees them, and offers a new vision for future business leaders. Here are some nuggets from their conversation:
- Business schools have created monsters.
Business schools have to take a very hard look at themselves to see the kind of people we are graduating and take our responsibility very much to heart in terms of the models we use to graduate these people.
- Wanting to get rich is fine, but it's not sustainable as a sole motivation.
- Turning out more public administration grads is not necessarily the answer.
MBA programs everywhere have begun an era of introspection. Last week, the Wharton School announced that the keynote speaker for MBA commencement will be Dr. Muhammad Yunus, founder and managing director of Bangladesh's Grameen Bank and recipient of the 2006 Nobel Peace Prize. More and more, business school programs are eager to point out that entrepreneurship can be about more than merely making money.
(photo credit: Dalhousie University)