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Management Schools of Thought

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Management Schools of Thought [#permalink] New post 11 Nov 2006, 12:54
I have found it helpful to think of management programs as a continuum with the Craft of Management and Management Science as two (somewhat exaggerated) endpoints. Somewhere in the middle we encounter the Applied Economics/Social Science tradition that combines elements of the Craft and Science archetypes.

I. Craft of Management Tradition

Intense use of case method
High level of induction
Stress on Leadership
Management viewed as an art to be learned via observation and discussion
Philosophical identification: Conceptually similar to a service academy for business leaders

II. Management Science Tradition

Intense use of formulas and mathematical abstraction
Higher use of deduction
Management viewed as a science to be learned from robust principles
Philosophical identification: Engineers of the Corporation

III. Applied Economics/Social Science Tradition

Extensive use of economic models but tempered with borrowings from other social sciences such as psychology and sociology
Business is essentially an applied version of the social sciences with an strong emphasis on economics
While the core is economics, the actions of individuals can also be important
Philosophical identification: Business leaders are economically motivated individuals acting within certain institutional constraints and incentive systems.
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 [#permalink] New post 12 Nov 2006, 19:08
I enjoy these posts. I'm not sure this is even possible, but can you categorize the top 10-15 schools within these three categories? A few are quite obvious, but others are not.
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 [#permalink] New post 13 Nov 2006, 18:54
Hmm . . . interesting challenge. Of course, these categories are extremes but it might be a worthwhile exercise to classiy some of them.

I. Craft of Management
UVA/Darden
UWO/Ivey
HBS
INSEAD
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 [#permalink] New post 13 Nov 2006, 19:57
As always good one Hjort

Does IESE ( Harvard of Europe ) fit's the bill for I?

Last edited by Ozmba on 13 Nov 2006, 19:59, edited 1 time in total.
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 [#permalink] New post 13 Nov 2006, 19:58
II. Management Science Tradition

Intense use of formulas and mathematical abstraction
Higher use of deduction
Management viewed as a science to be learned from robust principles
Philosophical identification: Engineers of the Corporation

My take on II - MIT,Chicago, Tepper

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 [#permalink] New post 14 Nov 2006, 19:39
Great call Oz! IESE belongs in I.

I. Craft of Management
UVA/Darden
UWO/Ivey
HBS
INSEAD
IESE
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 [#permalink] New post 17 Nov 2006, 17:38
II. Management Science

I agree with Oz on MIT and Carnegie (I guess the old name Carnegie Tech kind of gave that one away).

I would would actually classify Chicago in the Economic school of thought.
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 [#permalink] New post 21 Nov 2006, 18:39
Another school for the Economic/Social Science group is Stanford.
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 [#permalink] New post 24 Nov 2006, 16:51
Another school that appears to belong to the Craft of Management (I.) is UNC. While it is does not have the same emphasis on the case method as (say) UVA, UNC shares the emphasis on leadership that typifies this group of schools
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 [#permalink] New post 24 Nov 2006, 17:29
Purdue/Krannert is another school for the Management Science (II.) group.

Like Carnegie Mellon, Krannert previously called its degree a Master of Science in Industrial Administration.

1956 "A Master of Science degree in industrial management (MSIM; later renamed Master of Science in Industrial Administration - MSIA) is proposed to and accepted by the faculty and the Graduate School."

Last edited by Hjort on 24 Nov 2006, 23:33, edited 1 time in total.
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 [#permalink] New post 24 Nov 2006, 18:06
Georgia Tech also fits in with the Management Science group.

Like its fellow "tech" schools, the idea of "industrial management" planned an important role in the early history of the school.

1934 An Industrial Management program is established at Georgia Tech to meet the need for management training in a technical environment.

1945 The Master of Science in Industrial Management is authorized as the first professional management degree in the state.
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 [#permalink] New post 24 Nov 2006, 23:51
As mentioned before, Carnegie Mellon (previously Carnegie Tech) conferred the Master of Industrial Administration degree (MSIA). The school announced in the year 2000 that it would begin awarding the MBA degree.

Here is a good summary of the Management Science School philosophy:

"'We still believe that teaching scientific approaches to problem solving is the best fundamental training for future business leaders,' [Dean of the Graduate School of Industrial Administration] Dunn said.

http://business.tepper.cmu.edu/default.aspx?id=142446
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 [#permalink] New post 08 Dec 2006, 19:20
Another school for the Economics group is Rochester/Simon.

"Economics-Based Approach and Cross-Functional Curriculum. The common thread of economics allows students and faculty to share ideas and solve problems based on mutually understood methods and terminology"
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 [#permalink] New post 30 Dec 2006, 00:13
An education model that shares much in common with Management Science Tradition is the handelshochschule (HHS) of Northern Europe. Beginning in Germany, the HHS model emphasized theory, business economics, and the scientific tradition.

The Leipzig HHS began operation in 1898. The HHS model spread rapidly in the Nordic countries with the Stockholm School of Economics (Handelshögskolan i Stockholm) opening in 1909, Hanken (Svenska Handelshögskolan)in Finland opening in 1909, Copenhagen Business School (Handelshøjskolen) founded in 1917, and NHH (Norges Handelshøyskole) in Norway opening in 1936.
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 [#permalink] New post 01 Jan 2007, 21:13
Glad to see you're adding to this thread, Hjort.

Keep at it, please; very interesting.

(Though the thought of attending German business school gives me nightmares. But all those stern teutonic stereotypes would make for a very fun cartoon.)
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Re: Management Schools of Thought [#permalink] New post 18 Jan 2008, 11:31
Hjort, where do you think Cornell fits in here? Is it more 'managment science' based?
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Re: Management Schools of Thought [#permalink] New post 27 Jan 2008, 02:58
Yes, my first thought would be to include Cornell in the Mgmt Science group.
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Re: Management Schools of Thought [#permalink] New post 30 Jan 2008, 19:27
How about London Business School ? II or III ?
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Re: Management Schools of Thought [#permalink] New post 30 Jan 2008, 20:28
Among these three types I would put LBS as closest to III, the Applied Economics/Social Science camp. In some ways, it reminds me of the sort of "American Omnibus" tradition of a school like Wharton that have strengths in a number of fields and a less overt stress on leadership than the type I schools.
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Re: Management Schools of Thought [#permalink] New post 11 Aug 2008, 04:54
What about IE?
Re: Management Schools of Thought   [#permalink] 11 Aug 2008, 04:54
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