That’s the simple premise behind a global contest to find ways to change management education for the better launched by the Graduate Management Admission Council (GMAC), the nonprofit association of business schools that owns the GMAT exam. GMAC is inviting anyone to submit three paragraphs that answer this question: What one idea would improve graduate management education? The GMAC Management Education for Tomorrow (MET) Fund will award a total of US$250,000 in prizes to 15 people whose ideas rise to the top, with the most promising proposal taking home US$50,000.
Read the full article: One idea. Three paragraphs. Fifty-thousand dollars.