We Need to Rethink...Everything

The September/October 2012 issue of BizEd, the magazine of the Association to Advance Collegiate Schools of Business (AACSB), features a commentary by David Bach, senior associate dean for executive MBA and global programs. In "We Need to Rethink…Everything," Bach outlines six forces—global debt, demographic change, rapid urbanization, natural resource constraints, the geographic shift of economic power, and the tech revolution—that are reshaping business and business education.

"No doubt these agents of macro change will restructure the opportunities for businesses over the next decade," writes Bach. "But they have similarly broad implications for management education. I believe that each driver of change has the potential to cripple schools and programs—and the equal potential to bring about renewal, transformation, and new value creation."

The article is adapted from a keynote address Bach delivered at the GMAC Leadership Conference in February 2012 while he was dean of programs at IE Business School, one of the 22 member schools of the Global Network for Advanced Management. Bach joined Yale SOM on September 1.

Read the article.