There are several forms of business schools, including a school of business, business administration, and management. Most of the university business schools consist of faculties, colleges, or departments within the university, and predominantly teach business courses (e.g. Mannheim Business School). In North America, a business school is often understood to be a university program that offers a graduate Master of Business Administration degrees and/or undergraduate bachelor's degrees (e.g. Stanford Graduate School of Business, Harvard Business School, Wharton School of the University of Pennsylvania). In Europe and Asia, some universities teach predominantly business courses (e.g. Copenhagen Business School). Privately owned business school which is not affiliated with any university (e.g. WHU – Otto Beisheim School of Management). Kaplan classifies business schools along four Corners:[1] Culture (Europe - US): Independent of their actual (physical) location, business schools can be classified according to whether they follow the European or the US model. Compass (international/global – regional/local): Business schools can be classified along a continuum, with international/ global schools on one end and regional/ local schools on the other. Capital (public – private): Business schools can either be publicly (state) funded or privately funded, for example through endowments or tuition fees. Content (teaching – research): Business school can be classified according to whether a school considers teaching or research to be its primary focus.

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