Content written by Rachelle Sampson & Witold Henisz and published by Stanford Social Innovation Review.

MBA News Digest Comment: None.

Extracted Content: From capital budgeting to customer analytics to how to work effectively in teams, skills developed in business school are useful both as tools for graduates (re)entering the workplace and as mechanisms for growth as responsibilities evolve over the course of a career. Beneath these proficiencies lies the critical thinking ability that drives graduates’ decisions and those of the companies they eventually lead. This ability, however, is laden with two outdated assumptions acquired during their graduate education: the notion of shareholder primacy and its attendant short-term profit maximization.

Recent research emphasizes the perils of this orientation as well as the benefits of an alternative focused on winning the hearts and minds of stakeholders.

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