B-Schools Struggle to Get Global

Diana Middleton:

Business schools like to tout their focus on globalization, but a new report from a b-school accrediting agency says most of their strategies don’t go far enough.
To boost globalization, many M.B.A. programs in the U.S. require students to complete internships abroad. Schools are also beefing up case studies that focus on international companies and partnering with foreign schools by sending faculty abroad and exchanging students.
These partnerships can be risky, according to the report, released Thursday by the Association to Advance Collegiate Schools of Business. A school’s reputations could be tarnished depending on the schools it chooses. Schools also often shoulder “severe” financial costs to expand their global footprint, the report says.