Most business schools have spent the past decade making their programs global in scope, which tends to mean sending students to foreign lands for immersion programs. The model they’re using, however, creates leaders that are dangerously out of touch with the context in which they’re running businesses.
That’s because international field trips and contact with global chief executive officers cannot alone give students an understanding of the social and political issues unique to every market.
The past year put forth an historic turning point for the global economy: Emerging nations are expected to have contributed more to the world’s gross domestic product (in purchasing power parity terms) than developed nations did, according to IMF estimates.
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