Future of Business Schools

Edited by Rico J. Baldegger, Research Professor, Strategy and International Business, Sawyer Business School, Suffolk University, Boston, Ayman El Tarabishy, President & CEO, International Council for Small Business (ICSB), Deputy Chair, Department of Management, School of Business, The George Washington University, US, David B. Audretsch, Indiana University, US and the Department of Innovation Management and Entrepreneurship, University of Klagenfurt, Austria, Dafna Kariv, Professor of Entrepreneurship; Head of the dual degree Entrepreneurship-Business Administration, Adelson School of Entrepreneurship, Reichman University (RUNI), Herzliya, Israel, Katia Passerini, Provost and Executive Vice President, Seton Hall University, South Orange, New Jersey, US and Wee-Liang Tan, Associate Professor of Strategic Management, Lee Kong Chian School of Management, Singapore Management University, Singapore

• Contents:Foreword xviiMarc GruberForeword xixLouis Jacques FilionIntroduction to The Future of Business Schools 1Rico BaldeggerPART I SENSEMAKING IN BUSINESS SCHOOLS:NAVIGATING COMPLEXITY ANDPREPARING FOR UNCERTAINTY1 Building the business schools of the future with a strongfocus on practical wisdom for a VUCA world 14Wolfgang Amann, Agata Stachowicz-Stanusch and Shiv Tripathi2 Post-COVID-19 future of hybrid education:internationalization, inclusion, opportunities 27Mary Kate Naatus, Katia Passerini, Kevin Pon and Mark Somers3 Expanding and renewing teaching and learning: towardsGlobal Studies 40Nicole Saliba-Chalhoub and Christophe Schmitt4 A new call for Business Schools: breaking out of the paradox loop 52Martine Boutary and Wafa Khlif5 Designing disruptive-innovative business schools 69Werner Krings, Michael Harrison and Roger Palmer6 The case for enterprise risk management in business education 93Norean R. Sharpe, Nancy Hubbard and Paul L. WalkerPART II POSSIBLE FUTURE OF BUSINESSSCHOOLS WITHIN THE CONTEXT OF THESUSTAINABLE DEVELOPMENT CHALLENGE7 Shaping the new normal: business schools as an enablerfor promoting a sustainable world – the example of CBSInternational Business School, Germany and IEDC BledSchool of Management, Slovenia 110Elisabeth Fröhlich, Anja Karlshaus and Danica Purg8 Healing a hurt generation with humane entrepreneurshipand creativity 129Ayman El Tarabishy and Rosangela Feola9 System changers – for a new era of value creation 147Valeria Budinich, Fernande Raine and Diana Wells10 Partners in learning 167Heather Cairns-Lee and Alisée de TonnacPART III PERFORMANCE OF BUSINESS SCHOOLS:RECENT TRENDS, VIEWS ON PERTINENCEAND USE OF MANAGEMENT EDUCATION11 The manager of the future will either be resilient andempathetic, or not at all! 181Inés Gabarret and Marcela Schweitzer12 How do Business Schools interpret business values? 196Paul G. Davies and Louisa Huxtable-Thomas13 Bridging the gap: from instruction to co-construction inhigher education 211Gaby Probst and Laura Zizka14 The imminent computational MBA degree 227Mark Darius Juszczak15 Is higher education hybrid-ready or not? An open call forbusiness schools’ ongoing dual transformation 246Francesca Pucciarelli, Francesco Rattalino and Francesco Venuti16 Looking to the future: will male students underperform inthe business school (too)? 261Kristian J. SundIndex

‘In a timely volume, Professors Baldegger, El Tarabishy, Audretsch, Kariv, Passerini, and Tan have demonstrated that the future of business schools is now. Business schools can and should play a critical role in economic and talent development worldwide, and this book shows us the path forward. Filled with strategic and operational insights, this is a book useful for all internal and external business schools stakeholders, including students, faculty, university leaders, alumni, governments, policymakers, and society at large.’