Utopian B-School Classroom Where Expectation Meets Reality: An Admission Strategy for B-Schools

Literature Review

Minni Wolverton and Larry Edward Penley (2004) observe that Students willingly pay high tuition fee at Harvard than “at a state university, and the recruiters suspect that MBAs are better there.” (Wolverton & Penley, 2004, p. 4) According to them many business schools have managed to attain the similar rank as that of Harvard and the others aspire to reach there. They conducted a study on 28 Business schools with a difference. The study concluded that the only correct answer to achieve higher ranking is to “reinvent business education.” (Wolverton & Penley, 2004, p. 213). This can be done by introducing new programs in specific and desirable domains, reinventing the curriculum to include all he desirable traits desired by the recruiters, and hiring excellent faculty. An important dimension that cannot be ignored is the cognitive differences of the learners. The Utopianism in Business Education that is being discussed in the current study can only be achieved when the pedagogy is designed in such a way as to serve the curriculum in its best and to obtain the maximum learning outcome from each student.