The Value of a Global Business Education


The current wave of globalization and rising demands from managers with global competencies present an unprecedented challenge for management education worldwide, according to a report released this week by AACSB International.

Prof. Pankaj Ghemawat of IESE's Department of Strategic Management was part of the task force that authored the report. His take on business education - specifically, that courses should address the cultural, legal and economic differences among countries, and their impact on doing business - was cited in a Chronicle of Higher Education article about the study.

The report points to the importance of integrated global content in business education and "globally-ready" faculty members. It also stresses how business schools can have a positive influence on globalization and broader society. The authors encourage business schools "to embrace globalization in ways that are mission-appropriate, manageable given available resources, and meaningful to the stakeholders being served," said AACSB.

For more on the report, "The Globalization of Management Education: Changing International Structures, Adaptive Strategies and the Impact on Institutions," visit AACSB's website.

IESE Business School is widely recognized as one of the world's leading international business schools, offering the MBA, Global Executive MBA and Ph.D. in Management, as well as an array of programs for senior executives. All programs offered by the school take a general management approach and are global in focus.