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The recent publication by the B.I.M. of the Owen Report on Management Education signals the end of the beginning. The great euphoria with which management education was ushered on to the British tertiary education scene has faded away. Demand on short programmes for managers—the only section where “the market” can demonstrate its true feelings, is admitted to be down by as much as 50 per cent at some major centres. Few have suffered less than a 25 per cent fall in sales.

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