Ackoff on B-School education

When he retired from the Wharton School in 1986, Professor Russell Ackoff wickedly identified three contributions of a business school education:

- It gives students a vocabulary that enables them to speak with authority on things they do not understand

- It gives them a set of operating principles that enable them to withstand any amount of disconfirming evidence

- It gives them a ticket to a job where they can learn something about management

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