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Loyola University Chicago


Crisis in U.S. Business Education: Defining the Road Ahead

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Online registration for this event is closed Walk-in registration is available. Please bring cash or a check in the amount of $20. If you have questions, please email jfernandes1@luc.edu.

This event is open to Loyolans and the public.

In recent years, colleges and universities in the U.S. have been criticized for the currency and relevance of their academic programs. U.S. business schools have taken the brunt of these criticisms in the aftermath of corporate scandals while facing declining applications, widespread dissatisfaction with the quality of MBAs, shrinking job prospects, increasing global competition, and the rise of for-profit on-line programs. These developments have called into question the business schools’ legitimacy and moral authority as the primary purveyors of business education. Can business schools afford to take their future success and survival for granted?

For business schools and, more generally, the profession of management, the time is right to revisit the basic questions of what exactly these institutions are intended to do; what the economy and the society expect them to do; and how successful business schools are in achieving these expectations.

Quinlan School of Business will present an international panel of business education thought-leaders and industry experts to discuss challenges and opportunities in the U.S. business education and to offer perspectives and strategies for the future. This forum is expected to address some key questions including:
  1. What does the society expect from business education: shareholders’ wealth maximization, civic engagement, global peace, or all the above? What should they expect?
  2. Can management be taught as a “profession” such as medicine and law? 
  3. Are business schools becoming “diploma mills”?
  4. Will private on-line educational companies such as Coursera, Udacity, and EdX eventually replace the traditional business schools? 
  5. Has business education been too slow in adapting to the digital revolution? 
  6. Are business schools well positioned to address the growing management educational needs of the emerging countries worldwide?
Event Schedule
5:30 p.m. - Reception
6:15 p.m. - Welcome
6:20 p.m. - Introduction
6:30 p.m. - Presentations
7:50 p.m. - Q&A

Tickets for this event are $20, and include a reception and a $5 gift to support student scholarships.

  • Abol Jalilvand, Ralph Marotta Chair in Free Enterprise and Professor of Finance, Quinlan School of Business, Loyola University Chicago
  • Rakesh Khurana, Ph.D., Marvin Bower Professor of Leadership Development, Harvard Business School. Author of the bestselling book: From Higher Aims to Hired Hands; The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession. 
  • David Patton, Executive-Vice President, American Council for International Education.
  • Edward J. Zajac, James F. Beré Professor of Management and Organizations, Kellogg School of Management, Northwestern University. Chair of the Management & Organizations Department; Director of Kellogg’s Center for Strategic Alliance Research.
  • Viktor Mayer-Schonberger, author of the Big Data: The Revolution That Will Transform How We Live, Work and Think, and Delete: The Virtue of Forgetting in the Digital Age. 
  • Judith Samuelson, Executive Director, Business and Society Program, Aspen Institute.

Contact Information

Andrea Brault

Date & Location

Date: 3/18/2014
Time: 5:30 PM to 8:30 PM
Location: Beane Hall
Water Tower Campus
Lewis Towers, 13th Floor
111 E. Pearson
Chicago, IL 60611


Alumni House · 6312 N. Winthrop Avenue · Chicago, IL 60660
773.508.3730 · luc-alum@LUC.edu