“We have produced a monster with the MBA that ought to not exist,” mentioned Paul Polman, the former Unilever boss who now chairs the Saïd Business School at Oxford. Warning that the qualification experienced “a slim definition of success” and would develop into “obsolete” in just one or two yrs, he advised a conference of deans at Davos very last month that faculties have been failing to adapt their training to the necessities of the business group.
Mr Polman’s views are echoed by a increasing range of business leaders who say that sustainability, purpose and obligation are at the very least as crucial as gain maximisation at any price. They consider that business faculties require to adapt their training and study accordingly.
“Our long term is at stake,” states Clementine Roberts, head of Oikos International, a network of college students fully commited to embedding sustainability into economics and management training.