It is a real irony that at a time when apparently business schools around the world are widely successful and accepted, the levels of criticism on the way business schools prepare and educate future and present managers have risen. In fact, the beginning of the new century brought with it a lot of strong disapproval by prominent scholars, professionals, entrepreneurs and members of institutions, on the way business schools work. It is therefore necessary to take such criticisms seriously, think them over and propose solutions, especially nowadays when national and multinational companies strengthen their presence and actions and surpass frontiers and governments, and when entire economies seem to depend on their success or failure. This paper aims to revise such criticisms on the 'formation of managers, in particular the so-called MBA’s and to offer possible ways to overcome the problems raised, using an anthropological model of business management.