Reinventing the MBA Business education has come under fire from many directions, including in these pages, for a tendency toward academic abstraction, the pursuit of celebrity-scholar/consultant status at the expense of real work in the field, and a tendency to pile on the bandwagon, creating a proliferation of cookie-cutter MBA programs tossing out jargon-filled rhetorical [...]
A UK-based on-line news and discussion format, Management-Issues, has posted two items in the past couple of days that are of interest here. Both are related to the behavior of management and its relationship to, or effect on, company interests and the bottom line. The first reports a study by two university professors comparing the [...]
According to the theory that where there’s smoke there’s fire, the legal and political fuss raised in recent months over excessive, inappropriate, and allegedly illegal executive compensation schemes must have some basis in fact. It can’t all simply arise from envy at such wealth – and that wealth can’t always be explained away as acceptable [...]
It is useful to bear in mind that business collapses occur everywhere – not just in the United States. For example, a trial has recently opened in Switzerland to determine if executives of Swissair are guilty of “criminal mismanagement” leading to the collapse of the 70-year old company in October of 2001. It is worth [...]
Societies are organized around and bound together by shared beliefs and values from which everyone benefits and for the provision and maintenance of which everyone sacrifices. People feel able to participate in such systems only when they have some confidence that everyone will respect the basic rules. However, there are always “freeriders,” such as many [...]
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