WrittenPublished by: The Aspen Institute
MBA News Digest Comment: None.
Extracted Content: Since the 1980s, the prevailing ideas in management education have driven and supported a shareholder-centric version of capitalism—externalizing costs, discounting the future, and outsourcing the many functions (and workers) of the firm outside its core competencies. These often short-sighted and narrow concepts reveal a disconnect between theory and the realities on the ground. Students are left struggling to bridge their education to the complex and messy world outside the classroom.
But management education itself is also always changing. Our analysis of this year’s Ideas Worth Teaching Award nominations shows there are ground-breaking academic intrapreneurs teaching to a version of capitalism that moves well beyond shareholder-centric metrics of business success—and even beyond a “doing well by doing good” mantra.