Business schools should be schools of management: An evolutionary perspective

• Main Authors: PETERS, Kai, THOMAS, Howard
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2023
• Subjects: Business schools; higher education; management schools; Business; Higher Education
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7229; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8228/viewcontent/10.4324_9781003390633_3_chapterpdf.pdf
• Institution: Singapore Management University

This chapter looks at the original driving forces which led to the creation of institutions, particularly in the US, including the vision of their founders which would support our perspective in favour of schools of management. It looks at the years following the Second World War and how the Ford and Carnegie ‘Foundation Reports’ as well as the Cold War led to further evolution away from a school of management to a business school mission. The chapter looks at the period roughly from 1970 to 2000 during which US business school funding, which had been largely provided by the foundations, was replaced by significant donations from individuals seeking to attach their name to a prestigious business school and how this drove a further evolution away from the broad goal of a school of management to a narrow goal of the business school.