The business school world is constantly buzzing with change and innovation. Each week, in addition to our regular news posts, we briefly touch on a few notable stories from this dynamic field in one roundup. Here is what caught our eye this week:
- Sizable donations occasionally lead to the renaming of business schools, but building one as a result of a gift is less common. A recent $40M gift to Wayne State University—the largest in the university’s history—from Detroit-based business mogul Mike Ilitch and his wife Marian Ilitch will be used to build a new, “state-of-the-art” business school in downtown Detroit. The Mike Ilitch School of Business is expected to open for approximately 3,000 undergraduate and graduate students in 2018.
- Where does one turn when attempting to move forward in a Major League Baseball management career? Business school, evidently. Former Boston Red Sox General Manager Ben Cherington, who will teach leadership at Columbia University’s graduate program next spring, credits his experience at the Harvard Business School (HBS) Executive Education program in 2009 for his rise to the general manager position soon after. “A big part of developing as a leader is being comfortable with being uncomfortable, and exposing yourself in ways that maybe you’re not used to,” Cherington commented to the Boston Globe recently. “The [HBS] program itself is not designed for a baseball ops staffer, but it intrigued me in different ways.”
- India is home to numerous respectable MBA programs, including the Indian Institute of Management and the Indian School of Business, but the country is largely absent from international business school rankings. Why? As the Wall Street Journal noted in a recent blog post, only the Indian Institute of Management was included in a recent rankings list by The Economist, while India’s smaller neighbors Hong Kong and Singapore each had three schools in the top 100. Causes could include a typical lack of work experience among MBA students and dated teaching methods, the article suggests.