For those of you who are business scholars, this Economist article is a must read. Most US business schools are built on business models that harken back to the late 1800’s/early 1900’s. How many large industries do you know of where business models don’t fundamentally change in over a 100 period? For a variety of structural reasons, business schools have a very difficult time adapting to the ever changing world. It is time for each of us to consider the question: should we have a “one size fits all” approach to higher education in business? If the answer is “no,” then when will a new business model develop that will be such an innovation that it will fundamentally disrupt the marketplace for higher education in business? Will your business school try to be the innovator/first mover or will it try to follow the innovators?