ABSTRACT
The partner in the triangle is the business school, which tries to look beyond the immediate recruitment needs of industry and to address itself to a more distant horizon. A simple-minded concept of the role of business and management schools is to regard them as a link between would-be managers and industry. Young graduates want to pursue careers in business, while employers look for suitably qualified young people to fill vacancies in their organizations. The specific internal environment concerns the organizational structure of the company, the demarcation of responsibilities and lines of communication between its entities, departmental aspirations and working practices, prevailing rules and procedures. The US and UK economies are often compared with certain prosperous countries which have not invested that heavily in university management education, the implication being that such investment is superfluous, or quite irrelevant, to the national economic wellbeing.
