Management: Changes at the Source

Plagued by a continuing shortage of executives, U.S. business depends as never before on the output of the nation's business schools—and cares more than ever about the kind of training they provide. Fully one-third of the companies that recruit college graduates do so exclusively from students in the 600 U.S. business schools, which now account for 20% of all graduate and undergraduate enrollment. Last week at their annual meeting in Manhattan, the deans of the leading schools—the 113 accredited by the American Association of Collegiate Schools of Business—agreed that business schools...