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In 1959, independent reports were released by the Carnegie Foundation and the Ford Foundation evaluating business schools in the USA. Both reports were scathing in their criticisms of the status quo. There was a glaring lack of scholarship and research on the part of business school faculty. Academic rigor in undergraduate business programs lagged behind other university degree programs. Less than half of business school faculty members held earned doctorates.
University administrators were embarrassed by these reports, and they moved to correct the problems. Rigor was increased in academic programs. New doctoral-qualified faculty members with both training and interest in research were hired. However, these new faculty members were no longer hired based on business experience; they were hired based on their ability to participate in newly-developing academic guilds, not business guilds.
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- Critical Juncture III: The 1959 Foundation Reports—Throwing Out the Baby with the Bath Water?
Edward W. Miles
- Chapter 8
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