ABSTRACT
Despite the apparent increasing skepticism about, and dissatisfaction with, business schools being expressed by their academics, they remain as “cash cows” for many universities. Younger students wanting to be managers before they have left the comforts of the parental home, restless achievers wanting an MBA to re-chart their life, and the insatiable employer demand for people with fi nancial, accounting and other business knowledge have produced a strong client base for business schools. Given that business schools require little infrastructure or intensive teaching such as medicine, health sciences, and engineering do, the attraction of business schools for university managers is quite understandable as is the attitude “If it ain’t broke, don’t fi x it”. But business schools do need fi xing. Perversely, business schools’ resilience to criticism is almost admirable, especially since there is so much of it. The most commonly recurring criticisms are that business schools generate decreased moral character and fail to educate the whole person.
