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JC Spender, ESADE & William D Guth , NYU

JC Spender, ESADE & William D Guth , NYU. physics envy & methodolatory research-driven pathology practical irrelevance corrupting the young humanities / ethics integration / balance . students. > 25 % of all US college students. WHO CARES ?.

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JC Spender, ESADE & William D Guth , NYU

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  1. JC Spender, ESADE & William D Guth, NYU Guth - Spender Talk

  2. physics envy & methodolatory research-driven pathology practical irrelevance corrupting the young humanities / ethics integration / balance Guth - Spender Talk

  3. students > 25 % of all US college students WHO CARES ? BSchool faculty - more power in more universities Guth - Spender Talk

  4. BSchools - not invented here Trivium & Quadrivium estate management Cameralism 1727 PPE (Balliol 1921) * US university take-over of commercial schools Guth - Spender Talk

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  7. lost ? or are we missing something ? • BSch‘knowledge’ doesn’t work as faculty would like it to • self-selection & credentialing works fine, no ? • research • humanities / ethics • Bok 1978 • public /private • ideology • rhetoric Guth - Spender Talk

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  10. whatever is “wrong” in the business sector doesn’t appear to be getting better • Late 90’s – early 2000’s • Enron, WorldCom, Global Crossing, Kmart, Polaroid, Arthur Andersen, Xerox, Quest • increasingly frequent news & TV images of disgraced and even handcuffed corporate executives • Late 2000’s • Global finance/economic crisis Fall 2008 through …. ? • 2010-2012 • Libor - fixing scandal • $ 5.8 Billion “disappears” at JP Morgan Chase • $1.6 Billion “misplaced” at MF Global bankrupts firm Guth - Spender Talk

  11. the BSchool story • individuals are driven by self-interest – “greed is good” • individuals are rational economic maximizers • markets are always right when they function perfectly but markets fail ! Guth - Spender Talk

  12. markets fail ! – teach ethics ! • almost all AACSB accredited business schools now have ethics in the curriculum. • wide variation in offerings - most include normative ethical reasoningapplied to managerial case studies • widely held belief that exposing business school students to ethical theory and reasoning will make a difference Guth - Spender Talk

  13. impact A ? March 2009 Aspen Institute Study of MBA student opinion Guth - Spender Talk

  14. impact B ? March 2009 Aspen Institute Study of MBA student opinion Guth - Spender Talk

  15. impact C ? March 2009 Aspen Institute Study of MBA student opinion Guth - Spender Talk

  16. West Point mission & purpose • 47-month leader-development program … built on a moral-ethical foundation • produce leaders of character prepared to provide selfless service to our Army and the nation • broad-based and balanced curriculum to ensure acquiring the knowledge, skills, and attributes necessary for the complex and uncertain challenges they will face • a direction in life that puts service to the nation first … Guth - Spender Talk

  17. West Point vision & values • each graduate will be “a leader of character committed to the values of Duty, Honor, Country” prepared for a career of professional excellence and service to the nation as an officer in the United States Army Guth - Spender Talk

  18. Browning, M.C., “An Analysis of Values, Mission, and Vision Statements Within AACSB Accredited Schools of Business”, ASBBS Conference Proceedings, Vol. 16, No. 1, Feb. 2009, p. 4 Guth - Spender Talk

  19. Top 10 BSchool - values • “the presence of core values in the top ten BSchools, as evidenced on their websites, was difficult to discern. Only the top two communicated clarity.” • Harvard Business School • mutual respect • honesty • integrity • personal accountability • Stanford Graduate School of Business • power of ideas and intellect • striving for excellence • integrity • compassion and respect for others • taking ownership of one’s actions Guth - Spender Talk

  20. Browning, M.C., “An Analysis of Values, Mission, and Vision Statements Within AACSB Accredited Schools of Business”, ASBBS Conference Proceedings, Vol. 16, No. 1, Feb. 2009, p. 4 conclusion – BSchools should get serious ? “In the review of the top 10 schools of business websites, surprisingly, there are is no finding of a statement of vision for any of the schools.” Guth - Spender Talk

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