It was mainly the global financial crisis that became an impetus to the ongoing debates on the role of business schools in molding a generation of managers who care for public good. This debate was flagged off by a book, From Higher Aims to Hired Hands: The Social Transformation of American Business Schools…
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As far as Khurana (2010) is concerned, he has but made a differentiation between university-based business education and private business education because in his view, the legitimacy and credibility imparted to a university-educated business graduate by the industry as well as the general public makes it mandatory that such business students/professionals orient their profession in harmony with public good (Khurana, 2010) . Khurana (2010) has reminded his readers that the 125 years old univerity-based business school system, though initially meant for the professionalisation of management study, is now run by a “managerialistic logic that emphasized professional knowledge rather than professional ideals, and ultimately by a market logic that taken to its conclusion, subverts the logic of professionalism altogether” (p.7).
I also agree with this opinion as I have always felt that managers of most business establishments have no problems of conscience in using unethical means to achieve their ultimate end, that is, enhancing the profits of their company. After arguing in this line, Khurana (2010) has called for the balancing of university-based business school education in the favour of “professionalism and professional leadership” (p.20). He (Khurana, 2010) has also stressed the need of this realignment in four areas of the interactions of such business schools, namely, “student, faculty, business, and society at large” (p.20). ...
After arguing in this line, Khurana (2010) has called for the balancing of university-based business school education in the favour of “professionalism and professional leadership” (p.20). He (Khurana, 2010) has also stressed the need of this realignment in four areas of the interactions of such business schools, namely, “student, faculty, business, and society at large” (p.20). In totality, what Khurana (2010) has tried to focus is the questions related to the abandoning of the notions of public good in management education, which I also feels to be the need of the hour. From the definition offered by Oxford English Dictionary that public good is actually common good, to the definition given by Barley (2007) that “public good is where externalities happen”, there are a wide range of definitions for public good (p.202). Calhoun (2006) has reminded that what is expected from a university-based education system are mainly four “public missions”- imparting education for training people in “occupations traditionally centered on public service,” furthering “social mobility,” developing “new technologies,” and providing information needed for “the public sphere and also prepare the citizens to participate in it” (p.10). It is also observed that the “direct governmental financing and governance of universities” is necessitated by the notion that universities have to “contribute to the public good” (Calhoun, 2006, p.10). I want to remind here that whatever finance that reaches universities from the government is actually the taxes paid by the people. But as is criticized by Calhoun (2006), when
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“Management and Organisations Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/management/1391084-management-and-organisations.
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