In business, the saying is "innovate or die." That also seems to be the mantra that business schools are taking.
The past few years have seen a host of developments in the financial model of business school, including new part-time M.B.A. programs, online courses, specialized degrees and innovative executive education programs.
One of the biggest changes came this week when University of California System President Mark Yudof approved a controversial plan to make the full-time M.B.A. program at the University of California Los Angeles’s Anderson School of Management into a self-sustaining entity, meaning the program will cease receiving state support in exchange for greater budget flexibility. That flexibility includes more freedom in setting tuition and could potentially serve as a model for other programs in the system to become self-supporting.
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