Following decades of enthusiastic support, business schools now find themselves under attack for being irrelevant, inconsequential or of little real value in developing business leaders who can make a difference. In some part, this is due to the metamorphosis of the workplace. The World Economic Forum predicts that "by 2020, more than a third of the desired core skill sets of most occupations will comprise skills that are not yet considered crucial to the job today". Last year Michael Mankins, a partner at Bain & Company, wrote in the Harvard Review that "innovations will change the basis of competition in many markets and alter the sources of advantage for most companies. Business-critical roles — jobs that are central to differentiating a company from its competitors and successfully executing strategy — will also change." Critically, he adds, "companies will be forced to rethink the talent they will need to play these business-critical roles in the future". For business schools, ...

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