In three previous blogs I mentioned a number of ways how and why graduate schools are revamping their MBA courses.
Some may be doing it for sound critical needs, while others may have cynical reasons to simply attract students.
Education should have to do with regulation. We are overly regulated. And the Obama Administration and Congress want even more of the same. We need MBA students who can learn more about regulation in practical terms.
I repeat what I have said many times before from my own graduate school and executive work experience: The public always has the false assumption that government bureaucrats, and that includes the Treasury Secretary and the Federal Reserve head, are really completely on top of it all. They know more than 99.9% of the public, but that does not mean they are aware of practical business that their job involves.
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