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On Tuesday, May 9, Glenn Hubbard, dean of Columbia Business School, will discuss how the MBA has contributed to the growth of American business and to entrepreneurial capitalism worldwide in a University Lecture.
The speech, entitled "Business, Knowledge and Global Growth," will be delivered at 6:00 p.m. in Low Memorial Library.
Hubbard, who is also the Russell L. Carson Professor of Finance and Economics at the Columbia Graduate School of Business, will describe how business schools have helped spur growth by increasing productivity. "Our greatest companies became more productive," he says, "by having managers and entrepreneurs who knew how to integrate the best technology with new business models." And the breeding ground for new business models is the "cross-disciplinary intellectual conversation" going on within top business schools today.
"The abilities to think strategically, and to value opportunity, are teachable, and business schools' connection between research and industry offers the right classroom," says Hubbard. From cultivating theoretical advances in pricing options to the latest in management theory, business schools have become "growth's lobbyists."
Hubbard will state that business schools not only train students to be entrepreneurial throughout their careers -- to "identify and capture opportunity" -- but also to make dynamic contributions to help "shape a growth environment." As he says, "The present challenge for the top business schools is to inspire our researchers to be in close contact with business leaders, to answer practical questions for the vigorous scrutiny of real world applications. By generating cutting-edge ideas that bridge theory and practice, a great business school's research offers significant economic and social returns."
Hubbard probes the question; "Is it just a coincidence that the resurgence of entrepreneurial capitalism in the United States is occurring at a time when leading business schools are integrating research more effectively with business problems?"
Hubbard served from February 2001 to March 2003 as chairman of the U.S. Council of Economic Advisers under President George W. Bush, where his responsibilities included advising the President on economic policy, tax and budget policy, international finance and environmental policy, among other issues. He became Dean of the Columbia Business School in July 2004.
Registration for this event is required and can be completed at:
https://www.college.columbia.edu/calendar3/projects/president/bkgg.php
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