Are business schools bad for business? I recently came across a very interesting article by the late Sumatra Ghoshal, who blamed business schools for the demise in management practices because they have become obsessed with teaching maximizing shareholder value at the expense of everything else.  In Bad Management Theories are Destroying Good Management Practices he claims that business schools have gone astray because they teach ideology more than they teach theory, let alone good management practices. Are business schools really that bad?

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