Warren Bennie and James O’Toole in their Harvard Business Review article—How Business Schools Lost Their Way—critiqued the current model of B-schools and argued: “The entire MBA curriculum must be infused with multi-disciplinary, practical and ethical questions and analyses reflecting the complex challenges business leaders face.”
Interdisciplinary approach builds on the foundations of disciplinary knowledge to create new knowledge and solve complex problems. This approach aims at developing competencies like adaptability, critical thinking and innovation.
Some of the interdisciplinary research and curricular approaches include:
Professional Science Masters
Service Science supported by IBM
MD/MBA at Dartmouth
Stanford GSB and Law school for energy policy
Columbia Business School
IE Business School and Brown University
Indian B-schools have to broaden their own mindset by accepting that they are not in the business of offering MBA degrees. Instead they are in the business of developing talent, which innovates, improves and provides solutions to business and societal problems. Thus, one approach to make B-schools relevant is to consider some of the biggest challenges faced by the Indian society and collaborate to offer programmes, which go beyond disciplinary boundaries. Read more.