Mastering Business

What role did the business schools play in last year's financial crisis? In this week's edition of Assignment, Ed Butler investigates whether, as the chair of Harvard's MBA programme insists, the schools were guilty only of teaching a deficient assessment of risk in the business world, or whether something more fundamental was at fault. Some inside the system tell Assignment that there had been a growing disconnect between the schools and society, with insufficient attention being paid to the ethics of the business world, and the sole focus of the programmes being on maximising shareholder value and personal enrichment.