RUSSIA: New MBA programme tackles real-world hassles

A handful of top Russian business figures have created an MBA programme that tackles the issues they faced themselves - bribery, relentless bureaucracy and imperfect laws - reports Associated Press. Supporters of the Moscow School of Management Skolkovo say it will fill an important niche by getting students ready for the unpredictable, sometimes corrupt world of emerging market economies.

"We'd like to change the whole model," says Dean Wilfried Vanhonacker. "It doesn't make sense for us, nor are we interested in competing with Harvard. That's a business school of the past, I have to say. But a business school of the future has to be different."

With construction not quite finished on its $250 million glass-and-steel campus just outside Moscow's city limits, the school recently launched its full-time, 16-month MBA programme - with classes temporarily in the five-star Baltschug Kempinski hotel near the Kremlin.
Full report on the MSN Money site