**6. Conclusion**

The mainstream management educational system based on the old MBA model has become obsolete and inadequate to best prepare the business students for their future people management and leadership responsibilities. It mainly produces good management discipline technicians but poor managers-leaders with a lack of people management and leadership competences or soft skills.

Mainstream business school endeavors to modernize their offers (and their image) are focused on the development of the information and communication technologies in each management discipline through distance learning, MOOCs, serious games, business simulations, big data analysis, artificial intelligence, etc. But this new input is not only not changing the basic mainstream management education model but tends to strengthen the technical orientation of the present discipline-based management training. There is a big confusion between really modernizing and adapting the management education model to the new challenges of the organizational world and only introducing more trendy new information technologies without changing the basic training and learning model!

As previously described, the action learning-based model of management education which brings about better answers to the present challenges of the new "manager-leader's" roles requires a completely different educational approach than those offered by the mainstream business schools.

The only realistic approach for this innovative management education model is to set up and to develop a new kind of business schools operating with alternative action learning-based models more capable of equipping students with the needed leadership and human management skills to better face the main managerial challenges of today and tomorrow.

This implies many differences and very profound changes from the present mainstream business school model. This cannot be considered and implemented as a simple revamping or modernizing of the present model with only more sophisticated information and communication technologies. This requires new top management leadership profiles, new school organizations, new student selection processes, new instructor's profiles, new learning processes based on real business issues, new student's and instructor's evaluation systems, etc.

As briefly introduced, this action learning-based management education model has evolved to a very relevant alternative learning philosophy that has already proved its better efficiency and effectiveness in preparing good and smart "managers-leaders," as demonstrated with the very convincing example from the Finnish Team Academy.

The action learning-based management education model clearly appears as a better approach to develop and prepare the "manager-leaders" of tomorrow who will need to be much more equipped with adequate human management and

*Renewing Management Education with Action Learning DOI: http://dx.doi.org/10.5772/intechopen.88670*

leadership competences than the present graduates of most traditional business schools or universities. This is a major condition to achieve impressive and longlasting global and responsible performance and to better respond to the interest and well-being of the company's main stakeholders.
