Business schools have to prove they are a force for good in the world, and that's even more important with things like Occupy Wall Street and the financial crisis. We create economic welfare by creating knowledge and disseminating it so our graduates can go work in business firms and be more effective and more efficient. We have to be constantly innovative.
Entrepreneurship is becoming more and more important in our economy and the world economy. It's a hot topic in the world, and the whole debate in Europe about austerity vs. growth keeps getting back to entrepreneurship. The U.S. has emphasized entrepreneurship for a longer period of time than Europe. You might argue that Wharton has had strong ties to entrepreneurship since it was founded.
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