Controversy has always surrounded business schools: they are almost regarded as a necessary evil. Their credentials have been impugned from within academia, and from the outside business community. Periodically committees are formed and reports written on how to overcome the perceived deficiencies. From contemporary literature themes emerge, and the opportunity is taken to both look back and to look forward. Globalisation, partly mediated through the Internet, presents even greater challenges, as do the rise of corporate and virtual universities, heightened competition among schools, finding and nurturing appropriate staff, achieving critical mass and serving the entire economy, working with relevant partners inside and outside the university setting, maintaining quality, and undertaking research meeting the needs of various constituencies. Schools cannot be all things to all people, and need to prioritise their mission objectives in the light of those stakeholders for whom they will decide to dedicate most of their energies.
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