Literature Review - Business Schools Role in Society

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Literature Review

Role of Business Schools in Society
The Importance of Actions of Business Schools in Pursue of Global Sustainability |

Introduction
Since 2007, the people of this planet have been living on 150 percent of its natural resource capacity (WWF, 2010). Increase in consumption does not show any signs of slowing down, as a consequence of emerging third world countries. The role that business schools play in this situation and its importance cannot be understated (Financial Times, 2010). In order to save this planet, we need to create a sustainable business environment, where corporations put ethics and social responsibility in front of profits. We need to switch the focus of all businesses from shareholders to stakeholders. Can this actually be taught? Or do governments need to legislate such actions?

This topic is especially interesting because of the weight of our future that lies within this. If we do not change the way we teach students about core values of our society, the future of our planet may become very undesirable.

These sources were acquired mainly from the EUR sEURch engine, as well as reading several articles from global news agencies in order to grasp a certain overview of this topic. *
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* Literature Investigation
* Addressing Concerns Raised by Critics of Business Schools by Teaching Multiple Approaches to Management (Dyck, B et al. 2011) 0 This article is a study about two ways of teaching management at classroom level. The article mentions concerns from other researchers about the way management is being taught in today’s universities. The authors argue that today’s students have a materialistic-individualistic point of view during their studies, and that these characteristics are consolidated during their time in the business study. These arguments are supported by an experiment. The authors indicate that there is flaws in the way business schools teach, and therefore actions should be taken. Others reject this and say management is an objective science. * This article might help to understand how business schools can change in order to make students more focused on stakeholders and ethics than shareholder profits.

The article was published in a journal called Business and Society Review. It holds many references, where three of them are from Harvard Business Review. It was published 2011, therefore its currency cannot be questioned. Arguments are supported by an experiment. However, only one experiment was conducted which included a relatively small sample.

The role of business schools in society (Cornuel, E 2005)
The main subject of this article is very closely related to arguments stated in the introduction. It underlines the important role that business schools play to raise awareness of corporate social responsibility. It briefly mentions the need of humbleness in today’s business schools.

Published in The Journal of Management Development in 2005, the importance and relevance of this article has become more of a current interest after it was published. Although the arguments are logical, this source does not provide sufficient support for its arguments. However, it does discuss interesting points and views within the subject. The author is Eric Cornuel, an Affiliate Professor at HEC, and Director General & CEO of EFMD.

The non-profit turn and its challenges for business schools (Cornuel, E & Kletz, P 2011) Here, the researchers describe the challenges that business schools are facing today. Aiming towards the increase in demand for managers with an education in non-profit organizational management. The increase in large foundations (Bill & Melinda Gates Foundation for example) is supposedly one of these demand shifters. The recent financial crisis is also argued to be one of the reasons for the movement towards education for non-profit and sustainability management at top business...
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