A Reconstructive Summary
This chapter reconstructs, in a compact form, the arguments pointed out in this book. It explains that the MBA has a significant, demonstrable, and robust value to prospective employers as a selection mechanism, which is not entirely separable from its function as a development program. It clarifies that the realization of the selection value of the MBA would provide a significant and stable economic benefit to end-users, allowing MBA educators significant room to design and experiment with new approaches to development. Moreover, once selection is understood as part of the function of the MBA, the selection criteria and metrics can themselves be redesigned and optimized. This chapter also discusses the vision for the high-value decision maker of the future and explains that institutionalization and professionalization of management must be augmented by a vision that articulates the value of academic know-how to the cognitive-behavioral repertoire of the high-value decision maker.
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