"I must tell you that the supply of words on the world market is plentiful, but demand is falling" Lech Walesa, Former President of Poland
In the half century since the first MBA was taught, we have not seen a vibrant market place for EMBA and MBA (E/MBA) graduates to continue their leadership professional development (CPD) developed anywhere in the world.
E/MBA graduates having received the best knowledge and wisdom their business school and the global research has to offer, where are the development opportunities in the market? What is their next "development edge?
The market has responded for the development of senior leadership primarily in these areas;
the Executive Coaching industry has grown exponentially over 20 years
the international and Ivy League Executive Education programs offer a prestigious brand although the take up is greater by the non-MBA executive
the Executive Education market across the board has moved to more coaching and experiential learning approaches
the Forum phenomenon where senior leaders and CEOs meet and share and develop has emerged in pockets globally
larger organisations have developed Custom In-house leadership programs although there is no evidence these cater to E/MBA managers
A market for post EMBA and MBA senior leaders hardly exists.
We might consider the size of the potential demand? The Financial Times recently reported in an article that there are approximately 14000 business schools globally. See the Financial Times
A search on LinkedIn with the Keyword "MBA" returns 6.4m people globally who have these letter in their page. The relative uniqueness of "MBA" in business makes these figures interesting at least. The search returns 2.5m are in the U.S. and around 90 000 in Australia.
What are the consequences for organisations across the world that there appears to be so few opportunities for E/MBA leaders to develop further?