The Business School ‘Business’: Some Lessons from the US Experience*

Jeffrey Pfeffer and Christina T. Fong

Journal of Management Studies, 2004, vol. 41, issue 8, 1501-1520

Abstract: US business schools dominate the business school landscape, particularly for the MBA degree. This fact has caused schools in other countries to imitate the US schools as a model for business education. But US business schools face a number of problems, many of them a result of offering a value proposition that primarily emphasizes the career‐enhancing, salary‐increasing aspects of business education as contrasted with the idea of organizational management as a profession to be pursued out of a sense of intrinsic interest or even service. We document some of the problems confronting US business schools and show how many of these arise from a combination of a market‐like orientation to education coupled with an absence of a professional ethos. In this tale, there are some lessons for educational organizations both in the US and elsewhere that are interested in learning from the US experience.

Date: 2004
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