Claudio Fernández-Aráoz

Erich C. Dierdoff and Robert S. Rubin of DePaul University conducted a big study to check the relevance of the typical MBA education. The three competencies rated most important in the real world were managing human capital, managing decision-making processes, and managing strategy and innovation. But the researchers found that those three topics were the least represented in required MBA courses: Only 29% of programs offered two or more courses in managing human capital, and a mere 19% had two or more focused on managing decision-making processes. By contrast, 87% gave that same high weight to managing administrative activities.

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