MBA students are often puzzled why faculty at top business schools are not either current or former executives with so-called “real world experience”. Instead, academics with PhDs teach the next generation of executives.
The overwhelming majority of faculty members have never been entrepreneurs or executives with any meaningful business experience. The higher ranked the business school is, the more likely the faculty member is someone with academic rather than real world experience. As I am convinced of the merits of the approach followed by leading institutions, let me explain the logic.
Teaching is not the main job
Currently, I . . .
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