Redesigning Management Education for the Long Term
from Stanford Social Innovation Review
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 This ability, however, is laden with two outdated assumptions acquired during their graduate education: the notion of shareholder primacy and its attendant short-term profit maximization.
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