[photopress:stustudy2.jpg,full,alignright]This is a professional paper on the subject complete with proper references and footnotes. It says, among other things about the MBA:
Although widely criticized for a variety of reasons, the degree is still much sought after and marketed globally in a variety of formats, ranging from full-time to cyber-based.
China is no exception. Beginning in 1991 with only nine universities and an enrollment of approximately 100 students, enrollees in domestic universities now total approximately 82,000, spread over 27 provinces.
Considering the population base, however, and the rate at which the economy is growing, these numbers seem inadequate to sustain a modern, world-class business culture. With only about 3000 graduates per year, we estimate (roughly), that current graduates fill only a 20th of the need.
In China, most business activities are conducted through relationships; research is no exception. Data for this paper were drawn from a wide range of, mostly personal, contacts (most of whom wished to remain anonymous), as part of a professional consulting project.
First, let us deal with China’s needs. It would be folly to argue that the country’s prosperity depends directly on the number of MBAs it produces — Germany is a high-profile counter example. Some Chinese academics, however, have suggested that most advanced countries produce significant numbers of MBA graduates and certainly most CEOs of large North American companies have MBAs.
The degree now is the basic qualification that identifies a professional manager. To become a credible force in the world business community, more Chinese professionals need to have globally-recognized MBAs.
Domestically, there needs to be more MBA graduates, even if the MBA is regarded as ‘basic’ training.
[photopress:studentchina.jpg,full,alignright]Our concept would be to avoid a crippling bureaucracy (as, for example in Hong Kong), by setting up a national registry, so that if a university was ‘accredited’, or officially sanctioned in its home country, official permission could be obtained relatively easily to operate legally in China. This free market approach would be beneficial for several reasons. Domestic universities would need to meet foreign competition directly, thus change would be imperative. Once foreign universities are allowed to operate relatively freely in China, negotiations can begin to allow Chinese universities to operate off-shore as well, thus opening all manner of possibilities in terms of academic exchange, curriculum innovation and the earning of foreign currency. It must be remembered that many of the innovations (certainly in technical terms), that have powered the American economy, have come from their university system.
Seriously worth reading in full.
Source: Emerald Insight