An Obligation To Relevance - A Commentary by Dean Sharon Oster

Yale SOM Dean Sharon M. Oster was one of five business school deans asked to contribute an essay to a special report by Forbes.com devoted to how business schools are responding to the global economic crisis.

In her essay, Dean Oster argues that one important lesson business schools should draw from recent events is the need for leaders with broad perspectives. "Our students must understand that even the narrowest business decision can have wide-ranging consequences. Further, the idea that a business decision can be made in isolation — from ethical, political, social, environmental, regulatory or a host of other 'non-business’ considerations — is approaching obsolescence."

Read the full essay at Forbes.com.

View other contributions to the Forbes.com special report from Dean Jay O. Light of Harvard Business School, Dean J. Frank Brown of INSEAD, Dean Thomas F. Cooley of the Stern School of Business at New York University, and Dean Robert F. Bruner of the Darden Graduate School of Business at the University of Virginia.