Why Aren’t Business Schools More Business-Like?

By Steve Denning – When “good management” leads us to consistently bad results, what does this tell us about our concept of “management”?

The fact that many large firms still focus on maximizing short-term shareholder value is at the root of the problem, and business schools themselves reinforce this thinking.

Short-term shareholder value thinking is embedded in the core curricula of MBA courses around the world. Managerial economics and accounting tend to assume that short-term profits will lead to long-term shareholder value. Profits are “the overall goal” of the firm. more> http://tinyurl.com/poeknhh

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