Issue link: http://www.e-digitaleditions.com/i/58060
The MBA That Delivers Bringing Babson to the World. Bringing the World to Babson. mg Babson's MBA program is ranked as the third-largest full-time international population by Financial Times. and data processing—and the reduction in costs for these technologies—have minimized the gap between schools of business in the developed world and those in developing countries. "The process of globalization has had a great impact on the evolution of these schools," he says. As emerging markets make the transition from closed, regulated economies to open, liberalized economies, a reli- able source of good managers will be critical to their contin- ued growth. For that reason, capacity building for schools in these regions will be paramount. "In certain emerging mar- kets, there's a real lack of senior leadership," says O'Brien of TRIUM. "There's a lot of technical expertise, but few people who have the vision to lead an organization in chal- lenging times in a globalized world." The WDI, the World Bank, and other institutions are working with business schools in the developed world to build b-school capacity in countries such as the Ukraine, the Czech Republic, Uzbekistan, Kazakhstan, Algeria, and Rwanda. "Leading global schools want to tap into the exploding demand for global executive education and EMBA programs," says Kennedy of WDI. "This is some- times tough work, but I've found that there is high interest among a certain segment of accomplished faculty in expand- ing their roles and giving something back." Teaching More than Business For business schools, globalization is not just a concept or new world order. It's an art and a science that's becoming LEADS THE FIELD IN EDUCATING GLOBAL LEADERS. BABSON ® Babson's strong global orientation, focused uniquely on entrepreneurship and innovation, presents students with: Study abroad experiences at 42 institutions in 23 countries Access to a highly diverse international faculty Opportunities to connect with global business leaders on campus International internship and consulting opportunities Unparalleled network of strategic partners and alumni throughout the world The MBA That Delivers® www.babson.edu/mba TWO-Y EAR MBA · ONE-Y EAR MBA EVENING MBA · FAST TR AC K MBA increasingly tough to perfect. There's a fine line between immersing business students in the global context and overwhelming them with it. In the end, Cabrera notes that he defines success by how well students translate what they learn in one region to the business realities of another. "Our hope is not that our students graduate as experts on every region of the world," says Cabera. "Our hope is that by sending students to Mexico to learn Spanish, we will help them develop a broader global mindset they can use when they land a job in Taiwan." Wang of CEIBS puts it another way. "As business schools, we pay so much attention to increasing graduates' knowl- edge and improving their skill sets. But there is something else: wisdom," he says. "Business schools will have to pay more attention to instilling wisdom." Imparting cultural sensitivity, broad global understand- ing, management skills, and the wisdom to know how to implement these tools effectively is no small task for busi- ness schools. Business schools will strive to achieve the right balance of foundational content and hands-on, in-coun- try experience. They'll continue to create comprehensive, immersive curricula that place students directly in the flow of global business. At the same time, one thing is certain. Schools in all markets will continue to adapt to the next social, political, ethical, and economic transformations that globalization inspires. ■ z BizEd JULY/AUGUST 2007 49