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Business schools redefine their mission to society. Many have failed to define leadership in the context of the public good.

The idea of management as a profession is due for a revival.

That was the bold notion that sparked the birth of US business education a century ago, when the first business schools — Harvard, Dartmouth’s Tuck School, and the Wharton School at the University of Pennsylvania, among them — sought to create a class of professional managers to pilot companies in the interest of the larger society.

But today’s business schools have strayed from that original mission of stewardship, according to Rakesh Khurana , associate professor of organizational behavior at Harvard Business School.

While trumpeting their production of leaders, they have failed to define leadership in the context of the public good and enshrined as their highest ideal the maximizing of shareholder value, he contended.

By Robert Weisman

Full Story: http://www.boston.com/business/articles/2006/07/09/business_schools_redefine_their_mission_to_society/

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