Reflections: What's Wrong with Business Schools and Why they Need to Change

Business schools, which are at the forefront of teaching organizational change management, need to change themselves substantially. The prime intent of this reflection is to contribute to the improvement of business schools so that society as a whole is better able to deal with the complexities of today's world. The central argument consists of three main parts: (1) the intellectual content of business schools, (2) the mindset that business schools inculcate in their students and faculty, and the kinds of psychology that are taught in them, and finally, (3) the philosophical underpinnings of business schools. In brief, we are concerned with the intellectual, emotional, and philosophical foundations of business schools. We view them not only as highly interactive, but also as fundamentally inseparable.