The Buck Stops (and Starts) at Business Schools

Topics: Teacher, Subprime mortgage crisis, Education Pages: 3 (1131 words) Published: February 13, 2013
Case analysis on The buck stops (and starts) at business school It’s really strange that on one hand, most people who were laid off in 2009 after the crisis went into the business schools. On the other hand, medias were seriously criticizing the damage business school graduate brought to the financial crisis. Does business schools need to change? Or they’re just the scapegoats? In Joel Podolny’s view, business schools definitely should be blamed and should be reinvented. He believed that historically, business schools have largely ignored the teaching of values and ethics because those aren’t subjects of inquiry for traditional business school academic disciplines. Also, those leadership and ethics courses that are taught are flawed since attention to detail and taking responsibilities were not emphasized. Furthermore, case teaching method alone doesn’t enable students to learn that being consistent in various situations and continually paying the right amount of attention to detail are among the most challenging aspects of leadership. Podolny also put forward several suggestions about how business schools can change to win back the trust from the society. I think foster greater integration and encourage qualitative makes most sense among the five recommendations. I vote for these two because I simply think the other three just don’t work. In Fisher, we are doing “appointing teaching teams” right now. But as a student, or the subject of this way of teaching, my feeling is that we don’t like this way. When we see the ethics teachers come in, we naturally feel a kind of reluctance since no one subconsciously or consciously admits that their ethic need to be “taught”. We either think we’re really good people or we think it’s all BS and making money is always the most important thing. But I feel the most compelling lesson of ethics I learned was actually from an International Business class professor who almost “unwarily” lead the discussion about a manager...
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