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Education and Consecration of Neoliberal Elites: Introduction -- Business, Economics, and the Nobel Prize: History and Legacy -- Admission: Privilege, Values and Practices -- Consecration, Business Skills and Leadership: The Student Union -- Teaching Business: The Invisible Hand in Class -- Affinity: Pedagogics for a Future Elite -- Academic Freedom and the Business Community -- Business School Faculty and Neoliberal Thinking -- Lifelong Social Relationships and Networks: Business School Alumni -- Elitism and Masculinity: Business Schools and Elite Employers -- Business Schools and the Consecration of Elites: Conclusions.
Social scientists are paying increasing attention to the business and financial elites: There’s a great need to understand who these elites are, what they do, and what makes them tick, as individuals but also as a class. By examining elite business schools, the institutions that train and prepare people to assume important leadership and decision-making positions in business, finance and related sectors, we may also learn how the economic elites are made. A key argument in this book is that elite schools are known to create powerful groups in society, offering them the intellectual and analytical means to act as leaders, but, most importantly, the social, moral and aesthetic skills that are deemed necessary to exercise power; in all essential respects elite schools consecrate people. By dominating much of higher education today, and by doing so in a way that creates and reproduces a market-based organization and control of society, elite business schools represent certain interests and ideologies that affect the lives of most people. In understanding how the modern economy is run, elite business schools, therefore, represent critical study objects. This book, based on an in-depth study of the Stockholm School of Economics (SSE), offers a sociological analysis of the world of elite business schools. Specifically, this book examines the consecration of SSE’s students from a number of perspectives and in a number of situations, focusing on student union activities, school culture, faculty behavior, teaching, courses and alumni events, noting the symbolic importance of economics and particularly the school’s unique relation among the world’s business schools to the Nobel Prize. The book addresses the topics with regards to the sociology of elites, management education and organizational studies and will be of interest to researchers, academics, and students also interested in business history, higher education studies, and sociology of education.
Elite MBA Programs at Public Universities by Mimi Wolverton,Larry Penley Pdf
Business education programs should practice what they preach: applying the principles of strategic analysis to play to their strengths and develop distinctive offerings that attract the most profitable customers—in this case, students, faculty, local communities, and the institutions that support them financially. With the costs of private MBA programs skyrocketing, public universities, which generally operate out of the spotlight of the Harvards and Whartons, have a tremendous opportunity to distinguish themselves as centers of innovative, high-quality education. Mimi Wolverton and Larry Penley conducted extensive research to identify the qualities of those public institutions across the country—from the University of Washington to Georgia Tech—that have successfully established competitive advantages, generally through a combination of cost leadership, differentiation, and focus. Elite MBA Programs at Public Universities features 12 in-depth case studies by senior representatives of the respective institutions, detailing the process by which they developed and launched programs to raise their profiles and ultimately compete aggressively for talent and support. From developing strategic alliances with local businesses and complementary academic departments to establishing online and overseas courses to investing in state-of-the-art facilities, these schools are setting new standards for business education—and measuring the positive results, for example, in terms of increased funding, higher faculty research productivity, higher rankings, and greater student diversity. Wolverton and Penley frame the case studies by applying the concepts of strategy theory, drawing lessons that can be applied in other educational institutions, as well as for students of strategy and general readers interested in emerging trends in business education. The result is a fascinating peek behind the scenes at the most innovative MBA programs, as well as a rich canvas for observing the principles of strategic management in action.
How does one become a member of an elite profession? Managing Elites examines how elites-in-training contest, rationalize, and ultimately embrace their dominant positions in society. Using interviews with law and MBA students, the author shows that becoming elite is not a straightforward process without tensions. Successful socialization outcomes--employment in large corporate law firms or prominent investment banks and consulting firms--require both accomodation and resistance to ideologies about achievement and meritocracy.
Rethinking the Business Models of Business Schools by Kai Peters,Richard R. Smith,Howard Thomas Pdf
Business schools around the world have grown and prospered in the last few decades, but what does the future hold for business schools? This book explores the potential future disruption of the business school tradition by considering funding, value chains, strategic groups, value orientation, innovation and business models.
Handicapping Your MBA Odds by John Byrne,Sanford Kreisberg Pdf
Not sure if you can get into an elite MBA program at Harvard, Stanford or Wharton? A leading MBA admissions consultant assesses your odds of success based on actual profiles of real business school applicants. A witty, entertaining and highly informative look at elite business school admissions
In her admirable book, Wedlin entangles what [business school] rankings really are and why they have become so important. . . The book contains plenty to interest the growing army of business school employees whose duties, at least in part, are concerned with boosting their institution s position in the rankings. Education and Training In times when the management education field is increasingly impacted by a proliferation of ranking exercises, this book is a timely and welcome contribution. Linda Wedlin unpacks for us the real meaning of the contemporary explosion of rankings. Rather than simple classification schemes and mechanisms, rankings are, she suggests, arenas where the field of business education is being created and re-created. They are the loci of boundary-work , whereby a field is progressively evolving and constituting itself. This is a convincing study relying on rich empirical data and carefully anchored in relevant theoretical debates. A must-read for all those, academics, students, policy-makers and education professionals, who want to understand the complex contemporary logics of higher education in management but also probably well beyond. Marie-Laure Djelic, ESSEC Business School, Paris, France League tables appear everywhere and have become important aspects of business school environments. Based on in-depth and creatively combined empirical studies, Linda Wedlin provides us with explanations and insights on the emergence and impact of such rankings. This book should be of great value for all those who seek to "play the ranking game". It gives a fresh perspective on how classification mechanisms drive the emergence, boundary setting and change of organizational fields. Kerstin Sahlin-Andersson, Uppsala University, Sweden A fascinating study of the complex issues surrounding MBA rankings. Business schools really hate them but at times have to pretend to love them. Magazines and newspapers are really interested in their sales potential but have to make pretensions about their veracity. Linda Wedlin focuses on an area rich in hypocrisy and hype, but also one where there are real consequences: ranking furthered re-inforces the homogenising tendencies of MBAs. Anthony Hopwood, Saïd Business School, University of Oxford, UK This is a most fascinating topic, dealt with in a manner which is both serious and entertaining everyone in a business school would want to read it. Linda Wedlin s excellent research is presented with a no-nonsense approach if there is anything worth counting, she counts it, and then interprets it, no fuss. Exemplary! Barbara Czarniawska, Göteborg University, Sweden This engaging book offers a fresh perspective on the burgeoning field of European management education and its intense concern with rankings. Using a creative mix of well-crafted research tools, Wedlin deftly captures a professional field in transition as it both expands and develops shared standards. Walter W. Powell, Stanford University, US International comparisons and rankings of universities and business schools have proliferated in recent years. Ranking Business Schools provides a welcome analysis of this development and its implications for the field of management education, theorizing the role of classifications such as rankings in forming and structuring organizational fields. Focusing on the European experience with rankings and the subsequent response, the book illustrates how business schools use rankings to form identities and positions, and to draw boundaries for the field. By both creating and confirming belonging to a business school community and providing distinction within that group, rankings are important for defining an international field of management education organizations, constructing an international business school market, and constitute an arena for debating and establishing the boundaries of this field. Building an extensive theoretical framework for understanding classification
Contesting Institutional Hegemony in Today’s Business Schools by Anonim Pdf
This book brings together a group of critically-orientated early career researchers from global business schools to investigate a series of timely questions pertaining to the impact that institutional pressures have on junior academics – particularly those who conduct ‘critical’ or non-mainstream research.
Handbook of Qualitative Organizational Research by Kimberly D. Elsbach,Roderick M. Kramer Pdf
This handbook provides a comprehensive overview of state-of-the-art, innovative approaches to qualitative research for organizational scholars. Individual chapters in each area are written by experts in a variety of fields, who have contributed some of the most innovative studies themselves in recent years. An indispensable reference guide to anyone conducting high-impact organizational research, this handbook includes innovative approaches to research problems, data collection, data analysis and interpretation, and application of research findings. The book will be of interest to scholars and graduate students in a wide variety of disciplines, including anthropology, organizational behavior, organizational theory, social psychology, and sociology
From Higher Aims to Hired Hands by Rakesh Khurana Pdf
Is management a profession? Should it be? Can it be? This major work of social and intellectual history reveals how such questions have driven business education and shaped American management and society for more than a century. The book is also a call for reform. Rakesh Khurana shows that university-based business schools were founded to train a professional class of managers in the mold of doctors and lawyers but have effectively retreated from that goal, leaving a gaping moral hole at the center of business education and perhaps in management itself. Khurana begins in the late nineteenth century, when members of an emerging managerial elite, seeking social status to match the wealth and power they had accrued, began working with major universities to establish graduate business education programs paralleling those for medicine and law. Constituting business as a profession, however, required codifying the knowledge relevant for practitioners and developing enforceable standards of conduct. Khurana, drawing on a rich set of archival material from business schools, foundations, and academic associations, traces how business educators confronted these challenges with varying strategies during the Progressive era and the Depression, the postwar boom years, and recent decades of freewheeling capitalism. Today, Khurana argues, business schools have largely capitulated in the battle for professionalism and have become merely purveyors of a product, the MBA, with students treated as consumers. Professional and moral ideals that once animated and inspired business schools have been conquered by a perspective that managers are merely agents of shareholders, beholden only to the cause of share profits. According to Khurana, we should not thus be surprised at the rise of corporate malfeasance. The time has come, he concludes, to rejuvenate intellectually and morally the training of our future business leaders.
The University as a Business by Iris Saliterer,Paolo Rondo-Brovetto Pdf
Worldwide, universities have recently been the object of large reform processes, facing strong pressure not only from their institutional environment to offer new programs and to adopt new governance and management systems to keep up with the growing competition in the higher education sector but also because of calls for an increase in the efficiency and effectiveness of academic institutions. The authors discuss the introduction of managerial approaches of university governance and the effects on the challenges and threats to treat universities like private for-profit businesses. The book is valuable reading for researchers and managers in the field of university governance.
Management Education for Integrity by Charles Wankel,Agata Stachowicz-Stanusch Pdf
Explains how curricula should be streamlined and rejuvenated to ensure a high level of integrity in management education, providing numerous examples of new tools, teaching methods, integrity sensitization and development exercises and ethical management education assessment approaches.
Universities under Neoliberalism by Mats Benner,Mikael Holmqvist Pdf
The COVID-19 pandemic, the surge of populism, the climate crisis and many other destabilizing factors in our time, all point at the expectation of trustworthy knowledge and reliable organization devoted to knowledge production and dissemination. However, universities remain enmeshed in economic liberalization and ensuing cultural struggles where their funding, governance and practices reflect market imprints – even academic ideals such as originality, or social ideals such as relevance have been transformed into measurable units and thereby risk losing their historical sway. This predicament is the focus of this book. The book explores the rise of neo-liberalization in academic system in a highly unlikely place: Sweden, a country with a strong social democratic tradition and a long history of state regulation of higher education. As an advanced welfare state with a powerful labour movement and a large public sector, market ideals and practices have been carefully curtailed historically. This notwithstanding, a neoliberal university model has evolved there, reshaping notions of academic identities, institutional directions and notions of quality. This edited collection will be of value to researchers, academics and students with an interest in organizational studies, governance, management, higher education, sociology and politics.
