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Encyclopedia > Business school

A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, finance, information systems, marketing, organizational behavior, strategy, and quantitative methods. It has been suggested that Accounting scholarship be merged into this article or section. ... Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... It has been suggested that this article or section be merged with Information system. ... Wikibooks has more about this subject: Marketing Look up marketing in Wiktionary, the free dictionary. ... Organizational Studies (also known as Industrial Organizations, Organizational Behavior and I/O) is a distinct field of academic study which takes as its subject organizations, examining them using the methods of economics, sociology, political science, anthropology, and psychology. ... A strategy is a long term plan of action designed to achieve a particular goal, most often winning. Strategy is differentiated from tactics or immediate actions with resources at hand. ... Quantitative methods are research methods concerned with numbers and anything that is quantifiable. ...

Contents

Types of business school

They include schools of business, business administration, and management. There are four principal forms of business school. Look up Management in Wiktionary, the free dictionary. ...

  1. Most of the university business schools are faculties, colleges or departments within in the university, and teach predominantly business courses.
  2. In North America a business school is often understood to be a university graduate school which offers a Master of Business Administration or equivalent degree.
  3. Most business schools are faculties, colleges or departments within in a university, and teach predominantly business courses. Also in North America the term "business school" can refer to a different type of institution: a two-year school that grants the Associate's degree in various business subjects. Most of these schools began as secretarial schools, then expanded into accounting or bookkeeping and similar subjects. They are typically operated as businesses, rather than as institutions of higher learning.
  4. In Europe and Asia, some universities teach business only.

A graduate school or grad school is a school that awards advanced degrees, with the general requirement that students must have earned an undergraduate (bachelors) degree. ... Master of Business Administration (MBA) is a masters degree in business administration, which attracts people from a wide range of academic disciplines. ... An associate degree is an academic degree awarded by community colleges, junior colleges and some bachelors degree-granting colleges and universities upon completion of a course of study usually lasting two years. ...

Notable business school firsts

  • The Ecole Supérieure de Commerce of Paris (ESCP) (now ESCP-EAP) was the first business school, founded in 1819. [1] [2].
  • The Wharton School of the University of Pennsylvania, founded in 1881 was the first business school within a broader university.
  • The Tuck School of Business was the first graduate school of business, founded in 1900, and the first to offer a master's degree in business administration, titled the "Master of Commercial Science."
  • HEC Montréal was Canada’s first management school, founded in 1907.
  • Harvard Business School was the first business school to offer a degree called the "MBA", in 1910.
  • The University of Chicago Graduate School of Business was the first business school to offer a PhD program, in 1920, and to offer an Executive MBA program. It claims to be the first business school to have a Nobel laureate on its faculty: George Stigler won the prize after retiring from the school in 1981.
  • The University of Pretoria was the first University outside the United States to offer an MBA, in 1949 [3].
  • Fundação Getúlio Vargas was the business school founded in Latin America to offer an MBA-type qualification, in 1958.
  • The École des Affaires de Paris (EAP) (now ESCP-EAP) was the first business school with campuses in three countries, in 1973
  • In 1992, Thunderbird - The Garvin School of International Management was the first business school to have campuses on three continents.

The École Supérieure de Commerce de Paris (ESCP) is one of the leading business schools in France. ... ESCP-EAP, originally founded in 1819, is the oldest business school in the world. ... 1819 common year starting on Friday (see link for calendar). ... Wharton School Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. ... Year 1881 (MDCCCLXXXI) was a common year starting on Saturday (link will display the full calendar). ... The Amos Tuck School of Business Administration was founded in 1900 at Dartmouth College, in Hanover, New Hampshire and the oldest graduate school of business in the world. ... Year 1900 (MCM) was an exceptional common year starting on Monday (link will display the full calendar) of the Gregorian calendar, but a leap year starting on Saturday of the Julian calendar. ... Montreals École des Hautes Études Commerciales HEC Montréal is management school located in Montreal, Quebec, Canada. ... 1907 (MCMVII) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ... Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. ... Master of Business Administration (MBA) is a tertiary degree in business management. ... 1910 (MCMX) was a common year starting on Saturday (link will display calendar) of the Gregorian calendar or a common year starting on Sunday of the 13-day slower Julian calendar. ... The University of Chicago Graduate School of Business, also known as Chicago GSB, or simply The GSB, is one of the world’s leading business schools and the second oldest in the United States. ... PhD usually refers to the academic title Doctor of Philosophy PhD can also refer to the manga Phantasy Degree This is a disambiguation page — a list of pages that otherwise might share the same title. ... George Joseph Stigler (1911 - 1991) was a U.S. economist. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... The University of Pretoria is a university in South Africa, with a total of about 38 499 students being enrolled in 2005. ... 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ... Fundação Getúlio Vargas (brazilian site) (Getúlio Vargas Foundation) is a prestigious Brazilian Think Tank focused on academic research, courses, consulting, and public services. ... ESCP-EAP, originally founded in 1819, is the oldest business school in the world. ... 1973 (MCMLXXIII) was a common year starting on Monday. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... Thunderbird - The Garvin School of International Management is a business school in the United States, and the first and oldest graduate school specializing in international management and global business. ...

Business school degrees

An associate degree is an academic degree awarded by community colleges, junior colleges and some bachelors degree-granting colleges and universities upon completion of a course of study usually lasting two years. ... A bachelors degree (Artium Baccalaureus, A.B. or B.A.) is usually an undergraduate academic degree awarded for a course or major that generally lasts for three, four, or in some cases and countries, five or six years. ... The Bachelor of Business Administration (BBA), or Bachelor of Science in Business Administration (BSBA), is a bachelors degree in business administration. ... A Bachelor of Business (BBus) is a three or four year business degree offered by many universities around the world, particularly the newer universities from the post-Dawkins era in Australia and New Zealand []. It is similar in format and structure to a Bachelor of Business Administration (BBA), Bachelor of... A Bachelor of Commerce is an undergraduate academic degree awarded for a curriculum that generally lasts three years in Australia, New Zealand and the United Kingdom or four years in North America. ... The Bachelor of Business Administration (BBA), or Bachelor of Science in Business Administration (BSBA), is a bachelors degree in business administration. ... The degree of Bachelor of Accountancy is the principal academic degree in Accountancy. ... “M.S.” redirects here. ... Master of Business Administration (MBA) is a masters degree in business administration, which attracts people from a wide range of academic disciplines. ... Master of Accountancy (MAcc, MAc, or MAcy), alternatively Master of Professional Accounting (MPAcc) or Master Science in Accounting (MSAcc), is typically a one-year, non-thesis graduate program designed to prepare graduates for public accounting and to provide them with the 150 credit hours required by most states before taking... Master of Marketing Research (MMR or M.M.R.) is a graduate degree program that may be from one to three years in length. ... Master of Marketing Research (MMR or M.M.R.) is a graduate degree program that may be from one to three years in length. ... Master of Accountancy (MAcc, MAc, or MAcy), alternatively Master of Professional Accounting (MPAcc) or Master Science in Accounting (MSAcc), is typically a one-year, non-thesis graduate program designed to prepare graduates for public accounting and to provide them with the 150 credit hours required by most states before taking... The Master of Health Administration (MHA) is a post graduate professional Masters degree that provides training in health policy, project and program implementation. ... Master of Science in Finance MSF is typically a one-year, non-thesis graduate program designed to prepare graduates for careers in financial analysis, investment management and corporate finance. ... The Master of Science in Taxation (MST) is a professional graduate degree (Masters degree) specifically designed for Certified Public Accountants (CPAs) and other tax professionals. ... MComm, or M. Comm, is the common shorthand form of the postgraduate degree Master of Commerce. ... Aquatint of a Doctor of Divinity at the University of Oxford, in the scarlet and black academic robes corresponding to his position. ... Doctor of Philosophy (Ph. ... The degree of Doctor of Business Administration (D.B.A.) is a research-oriented doctorate that focuses upon business practice. ... The Doctor of Health Administration or D.H.A. degree was started in the U.S. in the late 1990s at the Medical University of South Carolina as an advanced professional doctorate in health leadership. ... Doctor of Management (D. M.) is an academic degree awarded on the basis of advanced study and research in management. ... The Fellow Programme in Management (FPM) is a Doctoral level (Ph. ...

Business school use of case studies

Some business schools center their teaching around the use of case studies. Case studies have been used in graduate and undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors affecting the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more.


Leading exponents of the case study method of instruction include the Darden Graduate School of Business Administration, Harvard Business School, IESE, INSEAD, Richard Ivey School of Business, Stanford Graduate School of Business and the Tuck School of Business. Harvard Business School's most popular case studies include Lincoln Electric Co. [4] and Google, Inc.[5]. The Darden Graduate School of Business Administration, founded in 1954, is the graduate business school associated with the University of Virginia in Charlottesville, Virginia. ... Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. ... IESE Business School of the University of Navarra: A top business school, according to Financial Times and the Economist Intelligence Unit. ... INSEAD is a graduate business school and research institution based in Fontainebleau (near Paris) France, and in Singapore. ... The Richard Ivey School of Business is the business school of the University of Western Ontario. ... Stanford GSB The Stanford Graduate School of Business (also known as Stanford Business School or Stanford GSB) is one of the professional schools of Stanford University, in Stanford, California. ... The Amos Tuck School of Business Administration was founded in 1900 at Dartmouth College, in Hanover, New Hampshire and the oldest graduate school of business in the world. ... poop ... Google, Inc. ...


Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:

  • 1) Prepared case-specific questions to be answered by the student. This is used with short cases intended for undergraduate students. The underlying concept is that such students need specific guidance to be able to analyze case studies.
  • 2) Problem-solving analysis. This second method, initiated by the Harvard Business School is by far the most widely used method in MBA and executive development programs. The underlying concept is that with enough practice (hundreds of case analyses) students develop intuitive skills for analyzing and resolving complex business situations. Click here for more information on the HBS case method. Successful implementation of this method depends heavily on the skills of the discussion leader.
  • 3) A generally applicable strategic planning approach. This third method does not require students to analyze hundreds of cases. A strategic planning model is provided and students are instructed to apply the steps of the model to six to a dozen cases during a semester. This is sufficient to develop their ability to analyze a complex situation, generate a variety of possible strategies and to select the best ones. In effect, students learn a generally applicable approach to analyzing cases studies and real situations. This approach does not make any extraordinary demands on the artistic and dramatic talents of the teacher. Consequently most professors are capable of supervising application of this method.

Strategic planning is an organizations process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. ...

History of Business Cases

When the Harvard Business School was started, the faculty quickly realized that there were no textbooks suitable to a graduate program in business. Their first solution to this problem was to interview leading practitioners of business and to write detailed accounts of what these managers were doing. Of course the professors could not present these cases as practices to be emulated because there were no criteria available for determining what would succeed and what would not succeed. So the professors instructed their students to read the cases and to come to class prepared to discuss the cases and to offer recommendations for appropriate courses of action. Basically that is the model still being used. See a critique of this approach.


Skills-based Approach

In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research, management information systems, statistics, organizational behavior, modeling and simulation, and decision science. The goal is to provide students a set of tools that will prepare them to tackle and solve problems. The leading proponents of this method are the Tepper School of Business at Carnegie Mellon University and the Sloan School of Management at MIT. It has been suggested that this article or section be merged with Operations management. ... Management Information Systems (MIS), are information systems, typically computer based, that are used within an organization. ... A graph of a Normal bell curve showing statistics used in educational assessment and comparing various grading methods. ... Organizational Studies (also known as Industrial Organizations, Organizational Behavior and I/O) is a distinct field of academic study which takes as its subject organizations, examining them using the methods of economics, sociology, political science, anthropology, and psychology. ... Model may refer to more than one thing : For models in society, art, fashion, and cosmetics, see; role model model (person) supermodel figure drawing modeling section In science and technology, a model (abstract) is understood as an abstract or theoretical representation of a phenomenon,see; geologic modeling model (economics) model... Look up simulation in Wiktionary, the free dictionary. ... Decision theory is an interdisciplinary area of study, related to and of interest to practitioners in mathematics, statistics, economics, philosophy, management and psychology. ... The Tepper School of Business at Carnegie Mellon, located in Pittsburgh, Pennsylvania, consistently ranks among the top business schools in the world[4][5]. It is also consistently among the leaders in a wide range of specializations, such as Finance, Entrepreneurship, Operations Management and Information Technology. ... Carnegie Mellon University is a private research university located in Pittsburgh, Pennsylvania. ... The Sloan School of Management, one of the five schools of MIT, is a leading business school. ... Mapúa Institute of Technology (MIT, MapúaTech or simply Mapúa) is a private, non-sectarian, Filipino tertiary institute located in Intramuros, Manila. ...


Lists of business schools

The following is a list of business schools in Canada. ... The following is a partial list of business schools in the United States. ... A list of Business schools in Europe. ... This is a list of business schools in Asia. ... This is a list of business schools in Africa. ...

See also

Master of Business Administration (MBA) is a masters degree in business administration, which attracts people from a wide range of academic disciplines. ...

External links

  • Association to Advance Collegiate Schools of Business Principal body accrediting business schools in the Americas
  • European Foundation for Management Development Principal body accrediting business schools outside the Americas
  • Association of MBAs Principal body accrediting DBA, MBA and MSc degrees in business schools
  • International Assembly for Collegiate Business Education International body accrediting mainly smaller, private business schools. Unlike the larger bodies, IABCE does not take a view on how academic programs should should be run.
  • South African Business Schools Association

  Results from FactBites:
 
Stanford Graduate School of Business (329 words)
The Stanford Graduate School of Business is committed to an ambitious vision for reinventing management education as a key part of The Stanford Challenge, the university-wide campaign.
Faculty members studying business in China and alumni who put a fingerprint scanner in the hands of Iraqi soldiers are two of the stories in the latest issue.
Business School alumni may subscribe to an impressive collection of research databases through Jackson Library.
Business school - Wikipedia, the free encyclopedia (926 words)
A business school is a university-level institution that teaches topics such as accounting, finance, marketing, organizational behavior, strategy and quantitative methods.
In North America a business school is often understood to be a university graduate school which offers a Master of Business Administration or equivalent degree.
It claims to be the first business school to have a Nobel laureate on its faculty: George Stigler won the prize after retiring from the school in 1981.
  More results at FactBites »

 
 

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