I'm not surprised that business schools have students reading The Prince, but I highly doubt that any classes are treating as a practical how-to manual... which is what the GP was clearly implying.
That's exactly how it was taught, supplemented by HBS case studies that heavily referenced The Prince.
Granted, it's taught as "here are things to look out for from your subordinates" -- but if you read between the lines, it's "here's how to walk the line on this stuff and get away with it".