How business schools can help tackle the biggest problems | opinion
Business schools should develop activities that allow students to apply academic insight to practical challenges faced by corporate executives, investors and entrepreneurs as they seek to solve the problem of people and planet in a profitable way. This approach is good for students’ professional development and for society more generally.
First, we must revisit the assumptions underlying business theory. For example, most courses on finance or strategy assume the chief executive’s primary responsibility is to maximise profits for shareholders. There is still a tendency to treat the broader stakeholder perspective as a supplementary idea and to teach the “fundamentals” through a lens of shareholder primacy.
Second, we need to restructure approaches to student learning. Executives rarely operate in functional silos, and the challenges they face cannot be addressed through a single academic discipline. Tackling a complex problem, such as how to reduce a company’s carbon footprint while growing sales in an increasingly competitive market, needs a different perspective.An exciting shift would be to make problem-solving the “orienting device” through which students learn.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
F1 can’t "hide away" from social issues in Middle East countries, says WolffToto Wolff says Formula 1 cannot “hide away” from tackling social issues in some of the Middle Eastern countries where it races, believing sport can help bring positive change.
Read more »
Wolff: F1 can’t "hide away" from social issues in Middle East countries“I’m still of the belief that when you have such a big sporting event in a country, it puts the spotlight on that country' 🗣️ MercedesAMGF1 team boss Toto Wolff says F1 cannot “hide away” from tackling social issues in some Middle Eastern countries ⬇️
Read more »
New York City seeks 'somewhat bloodthirsty' rat czar to tackle rodent problemThe official job title is 'director of rodent mitigation' but the role has been dubbed the rat czar - and it comes with a salary of $120,000 to $170,000
Read more »
Police plead for vandalism to stop at Bamber Bridge disabled schoolThe school continues to be subject to regular vandalism Pic: The Coppice School A school for disabled children in Bamber Bridge has been subject to vandalis
Read more »
How His Dark Materials season 3 on HBO Max tackles its own multiverse of madnessWorlds apart: How His Dark Materials season 3 tackles its own multiverse of madness
Read more »
13 notorious criminals from around the UK jailed in NovemberSome of the biggest court cases to conclude in the UK last month
Read more »