16/08/2013 06:26 BST | Updated 16/08/2013 13:19 BST

International Business Schools and Their Role in Society

Said Business School

Image Courtesy of Richard

International Business Schools such as Harvard situated in Boston, USA, which was founded in 1908 and started with only 59 students, are important bedrocks for the study of business by future generations.

Although my own life started without the opportunity of a proper education I have always been committed to the principal of learning. In my case I found my opportunity firstly on the streets and then in the public libraries but would have loved the chance to study at somewhere like Harvard or perhaps the much younger, Said Business School, which is an integral part of Oxford University in The UK and which is dedicated to developing a new generation of business leaders and entrepreneurs.

To further the impact the Said Business School is having on international business education, it has created the Skoll Centre for Social Entrepreneurship which organises a huge number of activities for students, and hosts the annual Skoll World Forum, where social entrepreneurs from all over the world can congregate.

It is essential that business schools produce outstanding ideas and deliver a first class education to our future business leaders and ultimately reach a broader audience. Both Harvard and Skoll Business Schools achieve this with ease.

There are many other excellent places of learning around the world including, Columbia Business School, The Solvay Brussels School of Economics and Management and the many schools which exist across Africa, a continent which will feature very clearly in the minds of future entrepreneurs due to its vast mineral resources.

In the UK serious places of learning like The University of West of England (UWE) are providing excellent facilities and first class business educations for students from all over the world. UWE have spent over £80M on a new student village creating stunning accommodation on their wonderful campus just outside Bristol and their Faculty of Business and Law has a growing reputation among students.

Clearly most students will want to leave university with a good degree, but the most important thing in my opinion is that they receive a thorough training in what it takes to create, grow and then maintain a business. For this reason I fully support the growing awareness from within academia for all aspects of business education.

People need to be aware that we cannot spend what we do not have for very long without creating major problems for future generations and understanding this is fundamental to the global economy.

Making the rich poorer will not create the world we all want, that will only be achieved by making the poor richer, which is why it is essential, particularly in third world nations that modern business methods are first understood and then adopted.

All around the world schools for entrepreneurs are popping up. It seems that entrepreneurs are the new rock stars, everyone wants to be one. That's great and will increase competition which is a reason for getting the best education for the task ahead which surely after studying all those years must be the creation of one's own business.

Some of the students now graduating will go on to be University Professors, Deans or Academics in their own right of course and will provide the education for future generations. Those that choose to use their new found and hard earned skills to create a business should be aware that any business which is properly run, with thought for both customers and employees, is in reality a social enterprise without the official label.

Every business needs a firm leader, just like a Country or even a Continent. What it doesn't necessarily need though is a dictator. Strength is being able to 'listen' and lead rather than 'shout' and lead.

Democratic Capitalism is about making money but it must also be about raising the living standards of all of the Worlds citizens. To do this it is essential to have balance, this balance comes when there are more people creating wealth than there are spending it and for that reason we simply must have a larger private sector than public.

The public sector of any country is vitally important, it is the part that runs our pensions, health service and police forces but it in itself does not create the money to pay for these services.

Working together in harmony will increase the likelihood of success and the many excellent business schools around the world are providing humanity with a more focused, thoughtful and caring business class as can be seen by the increase in Social Enterprise.