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Should the business discipline of Information Technology, which soared and crashed with the dot-com boom and subsequent bust, reclaim its front seat in the business school curriculum? If you are asking deans of business schools, the answer is a resounding yes. And top schools around the world are turning the heat up on this issue to inform the future of MBA education in our 21st century global, technologically connected world.

Vasant Dhar and Arun Sundararajan, both professors at NYU's Stern School conducted the first ever survey of the Deans of the top 88 business schools to assess the future of business education in an economy increasingly influenced by Information Technology. Almost all of the schools which were interviewed (43 out of the 45 respondents) affirmed that a clear understanding about how IT affects business and society is critical for future executives, for three reasons: