I came across this blog which mentions the story carried by Los Angeles Daily News about the changing business models of B-schools. Faced with sharply declining enrollment, more experienced and demanding students, slowed MBA hiring, schools from top to bottom are re-evaluating their programs from top-to-bottom.
Attracting foreign MBA students from the world's developing economies is certainly one option, but only a stop gap measure, a way to keep the money coming in while the strategies are overhauled. If US schools want to keep US students interested in the MBA and thus be educators of the world, not the outside world, then they'll need to overhaul not only curriculum but also pedagogy. Chief among the needed changes is the division of labor among business school faculty along functional lines.
