Many believe that management education has contributed to the systemic failure of today's leaders. After reading the Podolny (2009) article, in your reflection blog share your thoughts on how business schools can best prepare future leaders to adopt a holistic approach to business problems and ethical dilemmas. Be sure to share benchmarks and examples of how some of the B-Schools are accomplishing this.
In the article, The Buck Stops (and Starts) at Business School, Joel Podolny states that academics aren't interested in teaching the practical side of what happens inside companies in the real world and instead “develop theoretical models that obscure rather than clarify the way organizations work. Many also believe that a theory's relevance is enough to justify teaching it” (Podolny, 2009).
The author goes on to discuss the need for a more holistic approach to business school stating, “Business schools need to redefine what they teach and how they teach it,” continuing with, “take the first steps by moving away from teaching in functional silos and emphasizing the integration of several disciplines”. (Podolny, 2009, p66). In other words, to best prepare future business leaders to function and develop highly successful business models, the school must implement practical teaching philosophies that mimic the business organism. That means, teachers and academic institutions must integrate first year grad student in strategic level development and eliminate the power based positions faculty members have built their pride on. Integrating a polyarchal type structure in business school would allow for the cross integration of important principle concepts like ethics. Ethics would not be a “course” that was taught, but would be integrated throughout all courses and all learning objectives. And this is the most important point. Ethics is great as a stand alone course, but ethics is something that surrounds every business deal, every business telephone conversation, the way we deal with clients, staff and customers. In the business world, ethics is everywhere when we look for it - but in scholarly circles, you may only find ethics in one semester.
Other authors agree with this approach: “Without tying ethics to a business curriculum, we are graduating students who are very myopic in their decision-making," (Korn, 2013). The author goes on to suggest that we don’t want to turn out narrow-minded decision makers, we want people who can make objective judgments while thinking universally not individually. In Lessons, professors shouldn’t be afraid to use real world examples and guide their students to really explore why and what caused these companies to forget about ethical practices.
While it may appear to be easy to point the blame finger at the business schools, the reality is that people do things that are rewarded. If a person is rewarded for being quiet, the corporation gets quiet people. If the corporation rewards employees for individual effort, as opposed to, team effort; they get individual effort. The philosophy is established at the top by the leaders and if watching out for personal achievements is expected and rewarded; this is the behavior standard that employees pursue. If reflective thinking is applied to the problem of ineffective business schools, the blame should be applied evenly among the people who have a vested interest in the success of the graduate. In short, each class and every professor should be integrating ethics into every aspect of the classroom. Every course is a study into the concepts the students will be using, and not knowing the ethical bounds is detrimental to their studies.
There are some schools that are trying to do this, by making consequences for alumni who fall foul of deliberately flouting ethics. Some of the measures include taking away the degrees of students who have violated codes of conducts and to make sure business schools are no longer judged on rankings - which do not reflect often the quality of the teaching, but in some cases the salaries of the jobs students get after graduation. "Unfortunately, business schools must be prepared to abide by norms that govern how they compete for students if they want society to continue regarding them as professional schools" (Podolny, 2009). Some schools are trying these very ideas, while others, simply do not - Harvard Business School’s indifference to the role that some of its graduates have played in recent business scandals has been noticeable by more than one author.
References:
Korn, M. (2013, February 6). Some B-Schools Step Up Efforts to Tie Ethics to Business Programs. WSJ.com. Retrieved from http://online.wsj.com/article/SB10001424127887324761004578286102004694378.html
Podolny, J. M. (2009). The Buck Stops (and Starts) at Business School. Harvard Business Review. 87(6), 62-67.