Learning problems in transnational business education and training: the case of the MBA in Thailand

The transnational Master of Business Administration (MBA) programme has been one of the most popular official business training programmes amongst Thai business practitioners. Although the numbers of transnational business schools and MBA programmes are rapidly increasing, the programmes face numerous challenges from both local and global factors. This empirical study discusses the concept of learning in transnational MBA programmes in the Thai business training and cultural context. By investigating experiences from various key stakeholders, the study highlights various problems related to learning style and culture, learning and languages, the transferability of the Western managerial concept to the Thai context, and the value of Western learning resources for Thai business learners. The implication of the results of this study for the management of transnational programmes is that such management needs to respond to local conditions, regional forces and global factors rather than being locked into a standard model.     

You Reap What You Sow: How MBA Programs Undermine Ethics

This paper argues that the MBA, probably the most successful academic program of the last 50 years, negatively affects the theory and practice of management with regard to ethics through its pedagogy, structure, and its underlying epistemic assumptions. In particular I seek to demonstrate how the syllabus, the pedagogy and the epistemological assumptions of MBA programs together make managers/leaders unable and unwilling to deal with ethics. I also argue that while the what (content) and the how (pedagogy) play a very important role, it was only the emergence of a radical philosophical underpinning (the why) that has put management education on a negative trajectory. The paper thus examines MBA education from a meta-level perspective, connecting the pedagogical model with epistemological beliefs.     

Time compression and MBA behavioral skill acquisition

Trends in master of business administration (MBA) education are favoring coursework offerings in time-compressed environments but without careful examination of learning implications. The academic literature is weak in this area, so the authors conducted a study of 558 MBA students using a behaviorally based pedagogy in management. In contrast to previous research, the authors developed arguments supporting time compression assuming certain boundary conditions. They found that students showed better behavioral learning outcomes in a shortened, 4.5-week semester versus a full 14-week semester. The authors conclude with implications for theory and practice.     

Returnee faculty members,network position and diversification strategy: an analysis of business schools in China

This paper builds on resource-based and network theories to pose an integrative framework for understanding diversification strategy of MBA curricula in Chinese business schools. Using a data set collected from 41 schools offering MBA degrees, we find that returnee faculty members exhibit a curvilinear effect on curricular diversification. We also find that network centrality moderates the relationship between returnee faculty members and diversification in those educational institutions with insufficient returnee faculty members who can nonetheless achieve synergies by utilizing their network connections. These results not only offer explanations on how organizations in developing countries can overcome limited internal resources disadvantages but also provide specific insights into how business schools in China can offset the challenges of improving their education programmes.     

How relevant is the MBA: A revisit

The master of business administration (MBA) is the centerpiece of management education and holds the promise of systematically preparing its graduates for their managerial roles. However, there is escalating criticism that MBA programs are losing their relevance based on empirical evidence that competencies indicated by managers to be most critical are least represented in core MBA curricula. The authors re-examine the evidence and argue that the misalignment appears to be overstated. Consideration for relevance in preparing graduates for managerial roles needs to consider not only curricula, but also actual learning, social capital from the alumni network, and the signaling effect of graduating from an MBA program.     

Disability and Discrimination - a UK Perspective

"Discrimination on the grounds of disability is seldom malicious, but stems more from a lack of understanding." A disabled businessman explores the need for businesses to cultivate and implement greater disability awareness. After graduating in engineering, he gained his MBA from London Business School in 1992. He now works as a consultant, capitalising on his background in business management and his personal experience of disability to assist clients in developing anti-discriminatory policies and practice.     

A Survey of Managers’ Perceptions of Corporate Ethics and Social Responsibility and Actions that may Affect Companies’ Success

This exploratory study examines how managers and professionals regard the ethical and social responsibility reputations of 60 well-known Australian and International companies, and how this in turn influences their attitudes and behaviour towards these organisations. More than 350 MBA, other postgraduate business students, and participants in Australian Institute of Management (Western Australia) management education programmes were surveyed to evaluate how ethical and socially responsible they believed the 60 organisations to be. The survey sought to determine what these participants considered ‘ethical’ and ‘socially responsible’ behaviour in organisations to be. The survey also examined how the participants’ beliefs influenced their attitudes and intended behaviours towards these organisations. The results of this survey indicate that many managers and professionals have clear views about the ethical and social responsibility reputations of companies. This affects their attitudes towards these organisations which in turn has an impact on their intended behaviour towards them. These findings support the view in other research studies that well-educated managers and professionals are, to some extent, taking into account the ethical and social responsibility reputations of companies when deciding whether to work for them, use their services or buy shares in their companies.     

The Cultural Convergence of MBA Education Across Australia,Singapore and Malaysia

A commonly held view among international researchers is that markets and cultures are growing closer together. This cultural convergence is believed to result from the homogenising effect of technology transfer. One force which emerges from technology transfer is the convergence of education, in particular management education This study examined the MBA experience as a factor potentially causing cultural convergence. Students in five MBA programs in Australia, Malaysia and Singapore were surveyed on cultural dimensions using Hofstede's (1980) Values Survey Module to determine whether there was cultural convergence between Hofstede's cultural dimensions and the three countries. The results indicated that there was convergence between Hofstede's Uncertainty Avoidance and Power Distance distributions for the three countries.     

A Comparison of the Ethics of Convicted Felons and Graduate Business Students: Implications for Business Practice and Business Ethics Education

This research compares and contrasts the ethics of convicted felons in three midwestern United States prison systems with those of a cross section of MBA students from previous research. Building on and replicating seminal works in business ethics, this study identifies the differences and many similarities between students and inmates on several dimensions of ethics and values. Both groups expressed similar views of which ethical issues need attention from the business community, those constituencies that are most important to business firms, and perceptions of the ethics of other salient groups. When confronted with difficult ethical situations, inmates usually, although not always, tended to be more willing do what was asked and less willing to speak out regarding the conflict. Inmate priorities for ethical issues and constituency groups tended to be very similar to the MBA student sample. Implications for business practice and business ethics education are discussed.     

Relationship between competence-based education and student reflection on practice: a UK case study of initial teacher training

The past six years have seen a major change in initial teacher training (ITT) in the UK through the introduction of national competences, later developed as standards, which govern the arrangements for teaching and assessing on all programmes leading to the award of qualified teacher status. This article takes as its focus the value to be placed on a competence-based approach to ITT in the context of a programme which gives emphasis also to reflection on practice. The issues are first explored in a general way, and then examined through a case study of one higher education institution ITT programme.     

Why Stakeholder And Stockholder Theories Are Not Necessarily Contradictory: A Knightian Insight

The normative foundations of the investor centered model of corporate governance, represented in mainstream economics by the nexus-of-contracts view of the firm, have come under attack, mainly by proponents of normative stakeholder theory. We argue that the nexusof- contracts view is static and limited due to its assumption of price-output certainty. We attempt a synthesis of the nexus-of-contracts and the Knightian views, which provides novel insights into the normative adequacy of the investor-centered firm. Implications for scholarship and management practice follow from our discussion. S. Ramakrishna (Rama) Velamuri is Assistant Professor at IESE Business School, where he teaches Entrepreneurship and Negotiation in the MBA and executive education programs. He is also a visiting professor at the Indian School of Business in India, the University of Saarland in Germany, and the University of Piura in Peru. His research has been published in both academic and practitioner outlets: Journal of Business Venturing, Business Ethics Quarterly, Journal of Entrepreneurial Finance and Business Ventures (forthcoming), Universia Business Review, Financial Times Mastering Management Series, The Hindu, Business Line, Actualidad Economica, La Vanguardia, and Diario Financiero (Chile). He has also contributed several book chapter on enterpreneurship and strategy. He received a B.Com. degree from the University of Madras, an MBA from IESE Business School, and a Ph.D. from the Darden Graduate School of Business, University of Virginia. Sankaran Venkataraman (Venkat) is the MasterCard Professor of Business Administration at the Darden Graduate School of Business Adminstration, University of Virginia, where he teaches MBA and executive level courses in strategy and entrepreneurship. He also serves as the Director of Research of the Batten Institute and is the Editor of the Journal of Business Venturing. He consults with Fortune 500 firms as well as several small companies. He is advisor to firms, universities and government organizations. He is a speaker for and advisor to the Entrepreneurial Forum, a program of the International Trade Administration of the U.S. Department of Commerce aimed at promoting trade through entrepreneurship around the world. He received his M.A. in Economics from the Birla Institute of Technology and Science, Pilani, India; his MBA from the Indian Institute of Management (Calcutta); and his Ph.D. from the University of Minnesota.     

Revamping MBA programs for global competitiveness

World-wide, the MBA has become one of the most popular academic qualifications. In recent years, doubts have been raised regarding worth of the MBA degree, at least in its present form. This article examines the broad trends shaping business education and recommends how MBA curricula might be redesigned to make students globally aware, and be effective in the midst of global competition. Our focus here is on meeting future essential business needs that today's schools fail to sufficiently address. Although MBA education is at a crossroads, change will not be easy, as MBA education represents a sizeable global ‘industry.’ We conclude by listing issues which may be examined to make the change feasible.     

Developing International Business Managers Through International Study Visits to China

Globalization is a key factor in the success of business organizations today, impacting many aspects of management performance. Understanding the global business environment has therefore become a key objective in the teaching of international business on Executive MBA programs. Drawing on the theory of experiential learning, this study examines the relationship between program structure and learning activities of an international study visit (ISV) to China and the learning experience for Executive MBA students. The findings indicate that learning experience may be most effective where the structure of an ISV incorporates certain activities that promote experiential and deep-level learning. Educational implications are discussed.     

Pledging Integrity: Oaths as Forms of Business Ethics Management

The global financial crisis has led to a surprising interest in professional oaths in business. Examples are the MBA Oath (Harvard Business School), the Economist’s Oath (George DeMartino) and the Dutch Banker’s Oath, which senior executives in the financial services industry in the Netherlands have been obliged to swear since 2010. This paper is among the first to consider oaths from the perspective of business ethics. A framework is presented for analysing oaths in terms of their form, their content and the specific contribution they make to business ethics management: oaths may foster professionalism, facilitate moral deliberation and enhance compliance. This framework is used to analyse and evaluate the MBA Oath, the Economist’s Oath and the Banker’s Oath as well as various other similar initiatives.     

Internationalization of MBA Program in Asia-Pacific

Abstract

With the global village becoming a reality, efforts at the internationalization of business education have ceased to be merely fashionable. The internationalization of business education has become an increasing relevant and important goal for business schools. Most of the efforts have been focused at the internationalization of MBA programs as this is the level of business education targeted at the training of middle management personnel, for whom the creation of a global mindset and the exposure to the international realm of business would have the most immediate effect. With the Asia-Pacific becoming a major arena of international trade and business in what has been called the Pacific century, the internationalization of MBA programs in Asia is of great interest as most of the efforts at internationalization of MBA programs have taken place in developed countries, with much of the literature being about the North America and European experience. Little is known about the MBA programs offered in Asia and their internationalization. This paper provides some insights on the internationalization efforts at the Nanyang Business School (NBS), Singapore. The experience at the NBS is unique because its efforts at internationalization have coincided with government policy initiatives in encouraging Singapore businesses to extend their operations into countries of the region. The paper provides some lessons from the experiences at regionalizing the MBA programs in China, India and the transitional economies of Vietnam, Myanmar and Cambodia. Apart from the admission of international participants to its programs and the changes to its Business Study Missions, new initiatives have been introduced in the form of the MBA in International Business. The paper also explores other future initiatives for the internationalization of MBA programs in Asia-Pacific.     

Business plan proposals for inner-city neighborhoods: A Strategic Management assignment for MBA students at Loyola University Chicago

Beginning in 1992, MBA students enrolled in a capstone Strategic Management course at Loyola University Chicago have, as their major course assignment, researched and prepared an original business plan proposal to provide a needed good or service, as well as employment opportunities, to residents in one of Chicago's underserved innercity neighborhoods. This paper describes the genesis of the project, how it works, and what the outcomes have been to date. The pedagogical model is arguably appropriate for MBA programs in or near any area that is economically underdeveloped, be it urban or rural.Jill W. Graham is Associate Professor of Management at Loyola University Chicago, where she teaches the capstone strategy course to both undergraduates and MBA students. Her research concerns various forms of virtue in organizational life, including principled dissent, organizational citizenship behavior, activist loyalty, servant leadership, and value-driven strategic management. Graham received her Ph.D. in organization behavior from Northwestern University in 1983, and taught at the University of British Columbia before joining the Loyola faculty in 1986.     

MBA Teaching Challenges in a Changing Political and Economic Environment: A Case Study of MBA Teachers and Students in Poland

Master of Business Administration (MBA) education was introduced to Poland in the early 1990s with the purpose of preparing business practitioners for effective management and leadership in a market economy and increasingly globalizing marketplace. Due to individual, institutional, and national factors; adjusting teaching to address the complex needs of business professionals has proved to be challenging and often problematic for Polish faculty. The purpose of this paper is to examine these challenges in the context of Poland's nondegree MBA programs and to explore potential solutions. The main conclusion of this paper is that adjusting teaching is a slow and complex process that cannot occur without substantial changes in values as well as proactive leadership and collaboration at the individual, institutional, and national levels.     

Strategic brand management for higher education institutions with graduate degree programs: empirical insights from the higher education marketing mix

ABSTRACT

Intense competition for student enrollment has created a strong need for higher education institutions, especially those that offer graduate degree programs, to differentiate themselves. This article introduces the concept of strategic brand management as an avenue for higher education differentiation and discusses how higher education institutions with graduate degree programs can strategically manage their brands (i.e. corporate and product) through the higher education marketing mix (i.e. prominence, prospectus, program, price, people, premium, and promotion). Using a closed-ended survey and partial least squares structural equation modeling of a sample of students enrolled in a graduate degree program (e.g. MBA), the study finds that the utilitarian elements (i.e. prominence, prospectus, program, and price) of the higher education marketing mix have a positive direct impact on the product brand (e.g. MBA brand) and an indirect impact on the corporate brand (e.g. university brand) of these types of higher education institutions. However, hedonic elements (i.e. people, premium, and promotion) of the higher education marketing mix do not produce any significant impact on either the corporate or product brands of these institutions. Implications from these findings to theory, practice, and future research avenues conclude.     

MBA Studies in the Czech Republic

Abstract

A survey of MBA study programs in the Czech Republic is presented in this study. The authors share some of their first-hand experience gained during their own teaching in one of the MBA programs. The conclusion presented at the end of the study summarizes their views of developing trends in MBA programs in the Czech Republic. At present, MBA programs are offered by seven teaching institutions in the Czech Republic, three of which provide MBA studies of the American type, four of the European (British) type, and one of the distance-learning type.     

An exploratory study on part-time MBA program choice factors and characteristics of part-time MBA students

The majority of master of business administration (MBA) students are presently enrolled in part-time programs, yet little is known about their preferences, perspectives, and program selection processes. To fill this gap, the authors address three issues related to part-time MBA programs. First, they review important MBA program choice factors in the literature. Second, based on results of a survey with current MBA students, they identify the following as choice factors for part-time MBA programs: overall value/cost, location convenience, flexibility, and program quality. Third, the authors offer implications for part-time MBA programs that are related to employer reimbursement programs and program flexibility.