From the July 19 issue of John Naisbitt's Trend Letter:

Before the '90s end, virtually every M.B.A. program -- from the most selective schools to small, regional institutions -- will be reinvented to meet the demands of a complex, competitive and global business world.

At many schools reform starts with overhauling admissions standards. Although a record 290,000 students took the Graduate Management Admission Test (GMAT) this past year, the aptitude test is widely viewed as an insufficient evaluator. Harvard Business School dropped the test as an entrance requirement in 1986.

A review panel of business-school deans recently concluded, after a two-year study, that the GMAT should be reformulated to improve testing of communications and leadership skills. ...

Once students are accepted by M.B.A. programs, most encounter course work that is dramatically different from curricula a generation ago. For instance, Harvard now teaches ethics ...

Environmental studies are {also} becoming standard fare. Boston University began teaching "Managing Environmental Issues" last fall. ... Business schools at the University of Texas at Dallas, Loyola University ... offer similar courses.

International M.B.A. programs are on the rise. The University of South Carolina's program requires students to learn a foreign language and study abroad before graduating. About 75 percent of Georgetown University's students speak a foreign language or have lived abroad.

At least 20 U.S. colleges have added entrepreneurial courses to the M.B.A. experience. Full-fledged courses in entrepreneurial studies, like those offered by the University of Arizona and Baylor University, are gaining popularity.