Disrupt or Be Disrupted: A Blueprint for Change in Management Education

Praise for Disrupt or Be Disrupted "All those charged with leading schools of business, both academics and external advisory board members, should read this book." — Robert E. Witt , chancellor, the University of Alabama System "If you believe, as I do, that business schools are vital to the economy and at an inflection point, then Disrupt or Be Disrupted: A Blueprint for Change in Management Education is a must–read. Packed with insight, challenges, and options from internationally renowned business school thought–leaders, this is a call to arms for everyone—academics, employers, or students—who wants to engage in this important transformation." — Rona Fairhead, CBE; MA (Law), Cantab; and Honorable Fellow, St. Catharine′s College, Cambridge "Anyone in a position of leadership in the world of management education—indeed, anyone with any interest in the subject—needs to read this book. The rules of engagement in the business of business education are changing by the minute. This GMAC–sponsored book, written by some of the leading figures in the field, offers a retrospective on how we got here and—more importantly—a survival handbook for the turbulent future ahead. It is also a suitable reminder of the outstanding contribution GMAC′s president and CEO Dave Wilson has made to the industry as his nineteen–year tenure draws to a close." — Eric Cornuel , CEO and director general, EFMD "This book does a great job of tackling the many different issues facing graduate business schools today. The authors represent a wide range of schools and perspectives. It is essential reading for all those involved in the leadership of business schools, not just faculty but also those executives who sit on advisory boards and governing bodies. I recommend that deans give copies of this book to all their board members." — George Yip , professor, China Europe International Business School "This book is a comprehensive and stimulating assessment of the world of management education. All stakeholders of business schools would profit from its insights and wisdom." — Robert F. Bruner , dean and Charles C. Abbott Professor of Business Administration, Darden School of Business, University of Virginia

Foreword vii George S. Yip Introduction: The Change Imperative 1 Brooks C. Holtom and Lyman W. Porter Chapter 1 Ensuring and Enhancing Future Value 21 Erich C. Dierdorff, Denis J. Nayden, Dipak C. Jain, and Subhash C. Jain Chapter 2 Framing and Making Strategic Choices 57 Michael Hay Chapter 3 Managing Aspirations, Resources, and Cost Structures 95 Jikyeong Kang and Andrew W. Stark Chapter 4 Intellectual Signatures: Impact on Relevance and Doctoral Programs 131 JC Spender and Rakesh Khurana Chapter 5 Curriculum Matters: Toward a More Holistic Graduate Management Education 179 Sara L. Rynes and Jean M. Bartunek Chapter 6 Overlooked and Unappreciated: What Research Tells Us About How Teaching Must Change 219 Kenneth G. Brown, J. Ben Arbaugh, George Hrivnak, and Amy Kenworthy Chapter 7 Student Engagement: Selection, Management, and Outcomes 259 Daniel C. Feldman Chapter 8 Reclaiming Quality in Graduate Management Education 297 Robert S. Rubin and Frederick P. Morgeson Epilogue 347 Erich C. Dierdorff and Brooks C. Holtom Acknowledgments 373 About the Contributors 375 Name Index 395 Subject Index 405

Graduate Management Admission Council (GMAC) Founded in 1953 by the deans and admissions officers of leading schools of business and management, the Graduate Management Admission Council (GMAC) is owner and administrator of the Graduate Management Admission Test (GMAT)—the most widely adopted and trusted admissions exam of its kind. More than 2,000 schools in 110 countries today use the GMAT exam to assess applicants to more than 6,000 graduate business and management programs. With its vision of being the leader in connecting talent and aspiration to opportunity, GMAC has expanded its business and staff—as well as its membership—internationally and has adapted its role in graduate management education to include professional development, industry–wide conferences, world–class research, product development, and the global promotion of management education. Today, the not–for–profit Council continues in its mission to improve the discovery and evaluation of talent and deliver on its core belief that business and management—and the teaching of both– are critical to the economic, social, and financial well–being of people worldwide. THE EDITORS Brooks C. Holtom is associate professor of management at the McDonough School of Business at Georgetown University. Erich C. Dierdorff is associate professor of management at the Driehaus College of Business at DePaul University in Chicago.