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In this episode we take a deeper look into the future of business education and talk to two people driving innovation in this area: Dean Bob Joss and Professor Garth Saloner, both of the Stanford Graduate School of Business.
The GSB has been making headlines, most recently after receiving the largest gift ever given to any business school (a $105million gift from Nike Founder and CEO Phil Knight). The GSB also recently announced an innovative new curriculum that will enable incoming students to personalize their MBA education.
In addition to discussing the recent news, Joss and Saloner also discuss what aspiring entrepreneurs can get out of an MBA, leadership challenges, and their answers to Stanford’s admissions essay. For an interesting perspective on the value of an MBA check out Brad Feld's Thoughts, and for more on the admissions essays, check out Clear Admit's take on it.
Some choice quotes:
- Should aspiring entrepreneurs take the time to get an MBA? "If you If you come to business for yourself... you really have to learn from your own mistakes. If you go to business school you have the advantage of learning from other peoples mistakes."
- Dean Joss’s view on the difference between running a bank and a school: "[Now] I spend almost 40% of my time trying to finance the enterprise."
- Wishlist for new faculty: "I would love to see Steve Jobs be part of a tradition that we've had here for many years [business leaders leading classes]... We've talked about it."
- And listen to what Joss and Saloner answer to Stanford's famous admissions question "What matters most to you and why?"
For more on the Phil Knight gift to the GSB, check out Dave's post on Journey to My MBA.
For some great blogs by current Stanford GSB students, read Rohin Dhar's Silicon MBA and Hamish Fraser's Stanford GSB Diary.
For some pictures from our interview check out the Slide show below (click to read captions):