The Council have received the remarks made at the Discussion of this Report on 19 October 2004 (Reporter, p. 126) and have asked the General Board for their response. The Board have responded as follows:
Professor G. R. Evans referred to the balance between undergraduate and postgraduate students taking courses related to Business and Management. The leading business schools mostly concentrate on graduates. For example, Harvard, London Business School, and Stanford have no undergraduates. A rigorous postgraduate training in business and management for outstanding graduates from a variety of backgrounds is attractive to both students and their prospective employers. Professor Evans also referred to 'non-resident M.B.A. courses'. Of the different courses available for the M.B.A., two require a period of residence in Cambridge and the third, the 'Open course' (which has yet to be run), requires a considerable period of instruction in the University (Statutes and Ordinances, p. 406). In each case the curriculum and assessment are identical. In the case of the Open course, which combines intensive residential periods and electronically enabled learning, the Management Studies Syndicate concluded that neither the technology nor the market are sufficiently strong to proceed at present.
Professor Evans also commented on the composition of the staff at the Judge Institute of Management Studies. The composition reflects the broad range of activities carried out in the Institute, which includes, besides teaching for the Engineering as well as the Management Studies Tripos, the M.B.A., and other postgraduate courses, the research activities supported by the Cambridge Endowment for Research in Finance, and teaching on Executive Education programmes and for the Centre for Entrepreneurial Learning.
The Council have agreed to submit a Grace (Grace 1, p. 151) for the approval of the recommendations in the General Board's Report.