Academics from some of North America’s top-ranked business schools gathered last month on the Harvard Business School campus to discuss the future of management education and explore how their establishments could innovate in order to prosper.

It was fitting that HBS was the venue. As the richest business school in the world, with an endowment of more than $2.8bn (£1.4bn, €1.8bn) in the bank, it has more options than most – and is still the institution that other business schools look to for leadership.