The Buck Stops (and Starts) at Business Schools Essay Example for Free

The Buck lolly (and Starts) at Business Schools EssayCase analysis on The buck stops (and starts) at stemma school Its rightfully strange that on ane hand, most batch who were laid turned in 2009 after the crisis went into the note schools. On the some other hand, medias were seriously criticizing the damage patronage school alumna brought to the financial crisis. Does business schools need to change? Or theyre proficient the scapegoats? In Joel Podolnys view, business schools definitely should be satanic and should be reinvented. He believed that histori bordery, business schools have much often than not ignored the pedagogics of values and ethical motive because those arent subjects of inquiry for traditional business school academic disciplines. Also, those leaders and morals courses that are taught are flawed since attention to detail and taking responsibilities were not emphasized. Further more than, case teaching regularity alone doesnt enable students to learn that being consistent in mingled situations and continually compensable the right amount of attention to detail are among the most challenging aspects of leadership.Podolny also put in front several suggestions more or less how business schools can change to win back the trust from the society. I study foster greater integration and encourage qualitative snitchs most sense among the five recommendations. I balloting for these two because I simply think the other three just dont work. In Fisher, we are doing appointing teaching teams right now. But as a student, or the subject of this way of teaching, my note is that we dont like this way. When we see the ethical motive teachers come in, we naturally feel a benign of reluctance since no one subconsciously or consciously admits that their ethic need to be taught. We each think were really good mass or we think its all BS and making money is always the most important thing. But I feel the most cause lesson of moralit y I learned was actually from an International Business class professor who almost unwarily lead the discussion about a manager facing whether or not firing a disabled worker who has contributed a lot to the success of the company in one case.Its so natural that the class did not even take it as an ethics class but really took a great lesson unguardedly through the extremely heated discussion and the concluding succinct but melodic theme provoking words from the professor. That will be my own suggestion for teaching ethics. Stop competing on rank is a dream. To me its just like asking companies to stop competing on net income and EPS. That will neer happen though companies can pay more attention to social benefits. Similarly, we can expect business schools to pay more attention or at least act like they pay more attention to candidates moral aspect. Withdraw degrees for violating codes of conduct sounds powerful but its just so hard to really enforce. Just look at doctors and lawy ers in our society now and one can see if it really works.Ethics is still a huge issue in many an(prenominal) of the hospitals and courts. Whats more, withdraw the degree for lawyer and doctors can forbid them to continue work as a doctor or lawyer, but in the business world, as long as you have a pretty good experience in your resume, you can always find a job disregardless of the degree. Business schools might really need to transform but another question is, should they be trusty for the recent financial crisis as all those business graduates are selling CDS and telling ignorant people to leverage more on mortgages? I dont think Business schools are largely culpable for the global economic crisis of 2008-2012, at least not largely. First of all, my understanding of the 2008 financial crisis is that we call it sub-prime crisis but sub-prime is just the blasting fuse of it. On one hand, most people are so accustomed to living on credit with zero savings or little savings. On the other hand, Greenspan has planted the seed for all this in his monetary policy and the burst of the bubble is more of an inevitable result of the false prosperous real estate market than wicked business school students victimize people around.Its very easy to treat innocent civilians as victims and find someone making money on that as chief criminals. But dont forget that its the caper that one can live a pretty good life without working hard and know your life today as a lot as possible that really destroyed many of the families. The grueling dollar and the worlds trust in dollar had brought US people so much benefits that most people just took that for granted and dreamed that could last forever. The repeated cycles of financial crisis or the ups and downs of economy itself is a manifestation of uncontrollable greed insides human beings that has nothing to do whether one has graduated from a business school or not. To put it another way, if Wall Street does not hire a sing le business school graduate, the situation will be roughly the same. So attributing the bane of financial crisis mostly to the business schools is more of finding a scapegoat in my view.That said, does that mean business schools had no wrong doings? Definitely no. The pressure from the job market really puts the business schools at a place that they have to pay much more attention to the placement after graduation. Rankings, whether you trouble about it or not, are out there closely starred at by most of the applicants. These seem to be perfect excuses why business schools pay extreme little attention to ethics and responsibilities. But as a school, it should always take the essence of education as the guideline, which is to teach people to become better people, not to become better financial modeling makers. We can have various training classes that teach the sophisticated technics of Excel but we can never learn about how to make the world better in business skill training classe s.So business schools should be blamed for not having planted the seeds of ethics and responsibilities in students. Can business schools teach more about ethics and how to make a better world? Well, it depends. It depends not because the schools can or cannot set up more ethics course and have more ethics teachers. I say it depends because I believe ethics and responsibilities are not taught by ethics teachers but by every single teacher in the classroom even if he teaches financial modeling. I believe ethics are best taught and real when the students really feel the leadership inside the professor and genuinely want to follow him or her kind of of through simulation case discussions. Do most of the professors in most schools have such leadership and such deep embedded understanding of ethics and responsibility? I seriously doubt about it.