More on the B-school Ethical Evolution…
Another day, another important article – this one in U.S. News and World Report - on how business schools are “re-evaluating the importance of business ethics and different methods of teaching ethics.”
This topic has had a lot of coverage for several years, starting even before Enron and other high-profile ethical messes. The global financial meltdown has given this issue even more steam. I just hope that this time the discussion evolves past “teaching ethics,” which is a questionable concept (adults learning to be ethical). I see a lot of business schools digging way deeper than new courses or experiences or requirements of some sort. They are looking at their entire cultures, the values that the institution stands for, the deeper ethic of the place and how the entire enterprise reflects that there is a lot more to sustainable business success than technical skills, hands on experience, global perspectives and the many other buzzwords nearly every business school today tries to use to differentiate its value in the marketplace. Beyond the fact that this is the right thing to do and will, if pursued seriously, perhaps up the esteem the world currently has for business education, it’s also a smart strategic step from a reputation building standpoint. I’ve studied many business schools and never seen one that doesn’t have at its core particular values and a related educational culture that really makes it unique. I see an era where great business school brands will be built on the character of institutions and how well they cultivate a new set of values in students. For further reading on the subject, I recommend this recent article in the Baylor Business Review.
- Tim Westerbeck, Managing Director & Principal