Business Schools: How they created an Ethical & Economic Disaster, teaching Shareholder Value Maximization and the solution.
Posted on: 14-Oct-2009
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Business Schools have taken a substantial amount of blame for the current economic crisis for the failure of their ethics programs to imbue students with a solid sense of ethics. However it is arguable that it is impossible make people ethical by teaching them ethics. The bigger source of what went wrong lies at the core of what they are taught to maximize: Shareholder Value. This article shows why this approach went wrong and how we can fix it, giving examples of companies that do it right.
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.