By Neelima Mahajan-Bansal, contributor
(poetsandquants.com) -- How can any educational institution lay claim to being "the business school for the world" when it lacks a real presence in the U.S., the world's largest single economy?
It's a good question for the new dean at INSEAD, which proudly claims to be the quintessential global business school but is headquartered in Fontainebleau, France, on the outskirts of Paris.
Of all the world's industrialized countries, France is the nation where the hurly-burly of market capitalism has long been viewed with both suspicion and contempt. And while the prestigious school boasts campuses in Europe, Asia and the Middle East, it still lacks a physical campus in the Americas.
Dipak Jain, who became dean in March, doesn't blink at the question. He insists that a physical presence in the U.S., or any specific market for that matter, isn't a requirement for a global business school.
"You don't have to be in every economy," insists Jain. "Harvard is a global business school. Harvard is not in every country. Global means that you attract students from all over the world. Global means that your curriculum is international."
To Jain, it's mindset and diversity that counts. At INSEAD, he says, the faculty comes from 36 countries and MBA students in a typical class come from 70 different nations. With campuses in France, Singapore and Abu Dhabi, and a research center in Israel, INSEAD spans three continents. The largest single proportion of this year's incoming class of MBAs comes from India, the second largest from the U.S. More
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