IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

The Social Responsibility of Business Schools

The Social Responsibility of Business Schools
View Sample PDF
Author(s): Mark Pruett (University of South Carolina Upstate, USA)
Copyright: 2012
Pages: 13
Source title: Handbook of Research on Teaching Ethics in Business and Management Education
Source Author(s)/Editor(s): Charles Wankel (St. John's University, USA) and Agata Stachowicz-Stanusch (Silesian University of Technology, Poland)
DOI: 10.4018/978-1-61350-510-6.ch032

Purchase

View The Social Responsibility of Business Schools on the publisher's website for pricing and purchasing information.

Abstract

Business schools teach stockholder and stakeholder perspectives for ethical decision-making, but what are the implications of those perspectives for the management of business schools themselves? From the stockholder perspective, faculty are agents in an organization financed by two types of principals—private donors and governments—with goals based on education’s social and economic benefits. The essay addresses the stockholder perspective’s issues of open and free competition, deception and fraud, and the role of required or desirable objectives. Some business school competition is open and free yet some is not. Deception and fraud do not appear significant. Objectives not specified by the principal may be required or desirable in pursuing educational objectives. Next, the stakeholder perspective suggests further parallels between business and academia. Three market failures—externalities, moral hazards, and monopoly power—are readily found in academia. Decisions do not incorporate all costs, there are numerous moral hazards, and monopoly power may arise.

Related Content

Mikhail Epshtein. © 2019. 24 pages.
Valery Puzyrevsky. © 2019. 26 pages.
Maximilian Pivovarov. © 2019. 11 pages.
Gittel T. Grant. © 2019. 15 pages.
Irina Lyublinskaya, Stephanie Sheehan. © 2019. 21 pages.
Larisa Matyukhina. © 2019. 14 pages.
Tatiana Klimova. © 2019. 9 pages.
Body Bottom