To ensure a comprehensive and inclusive perspective above and beyond our own horizon, 50+20 asked stakeholders around the world to tell us what they think of management education and business schools in particular and what their future expectations are.
In collaboration with the youth organization Challenge:Future, we asked 1091 students from the age of 18 to 32 years from 79 countries: “Which group of people is most responsible for not acting on-time even though the humanity is approaching an ecological catastrophe?” On a scale from 1 (not responsible) to 6 (responsible) they were asked to rate the different groups. Interestingly, business schools and financial markets came out the most responsible. Only 15–16% of the respondents consider them as responsible. We as human beings and political leaders are considered by far the most responsible (51% and 43% respectively), followed by international organizations (31%). Business and the educational system in general fall somewhere in between (24% and 22%). It is surprising to see that students are feeling themselves highly responsible (we as human beings), while they attribute only a very small responsibility to business schools and the financial markets. Nevertheless, we think this can’t be used as an excuse to lean back and don’t do what we can and need to do as responsible management educators.
To understand what various stakeholders have to say about the future of management education, we also conducted a global survey receiving 145 responses from 37 countries. The perspectives and expectations of the stakeholders point toward a very different model of management education. Their views have further shaped our thinking as we have studied the challenges of the world, the economic system, business, leadership and management education in order to design a radically new vision for a new type of management education. Download the results below to see what our stakeholder group had to say.