One of the cities is Shanghai. Within three years Fuqua will offer two of its part-time MBA programs, the MBA Cross Continent and the MBA Global Executive.
Open enrollment and customized programs will have two academic research centres and their own faculty on the ground and will work with faculty from other Duke departments: law, economics, government, even religion. Within a decade Shanghai could offer a full-time MBA program.
Professor Sheppard said, ‘I really believe business schools are not preparing the leaders the world needs because of the way they are structured.’
Business schools have traditionally been faculty-centred and supply-led, he argues, which worked well in a world of stable local economies. ‘What has become clear to me is that that world no longer exists.’
Fuqua will employ local faculty and teach multiple programs, rooting the school in Shanghai.