ADMS 1010 Lecture Notes - Lecture 2: Original Intent, Superficiality

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Joel Marcus

Document Summary

First collegiate business schools established around turn of century (1900s) 1881: of chicago graduate school of business (now the booth school of. Reflected the rise of the modern, publicly-traded corporation. Original intent was to develop a professional degree similar to law & medicine: Manage corporations in the interest of a variety of stakeholders: shareholders customers employees society. The education students received was neither rigorous nor especially effective (escher, 2010) Rapid growth of b-schools following wwii returning soldiers needed jobs public policy goal to have no unemployment. Carnegie & ford foundations commission studies of business education in the late 1950s why would they do this? issued in shift to a more traditional academic curriculum, with specialized, functional disciplines led to greater legitimacy and power within universities. Rapid growth of post-secondary business programs continues to the present. Milton friedman"s view predominant: goal of business is to maximize profit. Practitioner focus: purpose is to educate business managers.