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Since Porter and McKibbin (1988) published their landmark study of the state of management education, business schools have been altering their curricula in response to the alleged criticisms and shortcomings cited in the study. To address the criticism that management education is not necessarily practical and is removed from the realities of the real world, more business schools have begun offering field‐based work experience for academic credit as part of the curriculum. This paper presents a successfully implemented model designed to assist faculty in evaluating student learning in work‐for‐credit programs.

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