Are there flaws in the models that business schools use to teach entrepreneurship? To unpack this question, one needs to go back to the origins of business schools and the MBA.
The first business schools like Wharton were formed in the late 1800’s to teach management. In fact the first MBA degree was offered in 1908. The fundamental challenge they aimed to solve was to train people how to manage a large corporate that needed to implement on a known problem, for example producing more cars. Continue reading