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the Doctoral Solving Dilemma by Tricia Bisoux "bright flight," as young Latin Americans travel to Europe or the U.S. to earn their doctorates, never to return to their home countries for their long-term careers. Of those who receive professional qualifica- tions at home, most go abroad to find permanent positions. Part of the problem, says D'Alessio, is a lack of capacity in the Latin American market. "Very few business schools attempt to start doctoral pro- grams due to the resources and faculty knowledge needed to advise students in their research," he says. CENTRUM isn't alone in feeling the effects of a shortage of aca- A s director general of CENTRUM Católica in Lima, Peru, Fernando D'Alessio knows firsthand how the doc- toral shortage is affecting business schools in at least one market—his own. The region, he says, now suffers from Business schools must teach for an ever more intricate business environment, while they face a shortage of academically qualified faculty. Should the long-standing model for the business doctorate change to meet these demands? And, if so, how? demically qualified faculty. Many business schools, especially those in the United States, must pay increasingly high salaries to attract the best faculty from a steadily shrinking pool of talent. To support the full range of their curricula, some are increasing the number of profession- ally qualified faculty, who can provide excellent teaching support but normally do not divert as much energy into research or publishing as their academically qualified counterparts. For many schools, the only other option would be to limit the size of their programs—or elimi- nate some courses altogether. 24 BizEd MARCH/APRIL 2009