Dividend (Vol. 5, No. 2, Winter, 1974)
Table of Contents: A recent questionnaire sent to MBA graduates of leading business schools asked if there were any revisions they would like to see in the MBA program. Some respondents wrote to say they wished they had been taught more about the "real world." This included, according to one executive in a large manufacturing company, the "real world" of management decision making with its "conflicting interests to be served, time limitations, information limitations, personal motivations, autocrat vs. committee as well as rational analysis." On reading this, we wondered how much of this kind of real world can actually be taught. Are there some things you can only learn from experience? Are there some things a student cannot take in, even if he hears them in the classroom, until he has experience outside the classroom? And if a teacher wants to teach the "real world,"' what is the best way to do it? This issue attempts to explore the ramifications of some of these questions. There Are Some Things You Can Only Learn from Experience by David C. D. Rogers p. 4 - Can the case method bridge the gap between the classroom and "real life experience?" How close can it get? David C. D. Rogers, Professor of Business Administration, discusses these questions. ; Beware the Procrustean Bed! A Dividend Interview p. 8 - An interview with W. Allen Spivey and Thomas J. Schriber, Professors of Statistics and Management Science, explores the techniques and the problems involved in building mathematical models of the world. ; Learning to Ride the Elephant, A Dividend Interview p. 12 - Richard Duke, Director of the Environmental Simulation Laboratory, explains how games work as models of the world, and how they differ from mathematical models in teaching how complex systems interact. ; Portraits of the Real World by George Kish p. 15 - Maps of the "real world" as man conceived it to be at various times in history, beginning with 500 B.C., are pictured along with comments by Professor Kish, an authority on the history of cartography. ; Among Ourselves, Visiting Committee meets; new lecture series is founded, Professor Wernette retires, new editor named for Michigan Business Review. <http://hdl.handle.net/2027.42/50707>
Graduate School of Business Administration, University of Michigan
Electronic reproduction; Ann Arbor Michigan; Michigan Copy Center; 2004File Modified 2007-04, bookmarks 2007-04.Scan of original print copy. Scanned at 400dpi, no compression, using Xerox DocuImage 665 scanner.
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