In their book, The State of Business Schools: Educational and Moral Imperatives for Market Leaders, the authors in a highly readable, engaging, succinct, yet substantive manner, examine the role of the business school in the 21st century. The authors analyze and discuss significant educational and moral imperatives that will enable a business school to be not only a market leader but also have ethical administrators.
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Professors Frank J. Cavico, Bahaudin G. Mujtaba, and Donovan A. McFarlane treat the following critical aspects of the nature and function of business schools and business in their book, The State of Business Schools: educational and Moral Imperatives for Market Leaders: (1) Leadership in business schools and in business; (2) The viability of business schools in a very competitive and challenging academic and economic environment; (3) The development and marketing of "sustainable" business courses and programs; (4) Accreditation issues, concerns, and objectives; (5) Faculty research and scholarship and quality assurance; (6) Faculty training and development, especially in the online modality; (7) Student recruitment, retention, and diversity; (8) The nature of the values of legality, morality, and social responsibility in a business content; (8) The role of the business school in inculcating business ethics, corporate governance, and social responsibility; and (9) A conception of business management as a noble profession.
Dr. Cavico, Dr. Mujtaba, and Dr. McFarlane provide detailed explication of a graduate business ethics course, which they trust will serve as a model for incorporating the values of legality, morality, and ethics, corporate governance, and social responsibility into the education of business students. The book is relevant for educators, trainers, directors, and administrators of the 21st century workplace.
In the global economy of the 21st century business schools have been, and are a major force both as globalizing influences and trend setters in value and industry practices. Annually, thousands of professors and corporate experts of various branches of business develop and promote new ideas and build upon old models to contribute to a fuller and more progressive understanding of the nature of business, management, leadership, operations, finance, and administration in the global market where changes in technology, consumer needs and wants, social, cultural, and political values affect the ways in which business is conducted on multiple interconnected platforms.