Torn Between Two Paradigms: A Struggle for the Soul of Business Schools

ABSTRACT

Business schools today are torn between two paradigms: the dominant neoliberal narrative of free markets, profit maximization, free trade, endless growth and laissez-faire government, and an emergent paradigm of an economy in service to life that supports wellbeing and dignity for all. The article articulates what the emergent paradigm looks like and argues that schools will need to incorporate both traditional academic disciplines while incorporating some of the major threats, and opportunities, facing businesses and society.

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Author: Chris Laszlo

Chris Laszlo Ph.D., is the Char and Chuck Fowler Professor of Business as an Agent of World Benefit at Case Western Reserve University’s Weatherhead School of Management, where he is the Faculty Executive Director of the Fowler Center. He is currently working with Fred Chavalit Tsao on a new book, Quantum Leadership: New Consciousness in Business.

Contact: Chris.laszlo@case.ed

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Author: Sandra Waddock

Sandra Waddock is Galligan Chair of Strategy, Carroll School Scholar of Corporate Responsibility, and Professor of Management at Boston College’s Carroll School of Management. Winner of numerous awards, she has published about 140 papers and multiple books. Current research interests include system change, corporate responsibility, intellectual shamanism and management education.

Contact: waddock@bc.edu

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Author: Robert Sroufe

Robert Sroufe is the Murrin Chair of Global Competitiveness, and Professor of Sustainability & Supply Chain Management at Duquesne University’s Palumbo Donahue School of Business, developing pedagogy within the globally top ranked MBA Sustainable Business Practices program, producing future change agents.Contact: sroufer@duq.edu

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