Is management the problem?

Henry Mintzberg, a professor of management studies at McGill University in Montreal, wrote a great article America's monumental failure of management on the current economic crisis that takes a broader view of the problem and its causes. He criticizes the Harvard Business School case study approach among other things and mentions a study he did evaluating the performance of 19 "superstar" HBS graduates (10 led businesses that failed miserably, 4 failed more or less and 5 led businesses that were considered successful ... not a great track record).

I would add former US President George W. Bush, another HBS graduate, as perhaps the best example of failed HBS managers and the bankruptcy in the "American" system of management HBS teaches.