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

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Helen Pogrin

Document Summary

First collegiate business schools established around turn of century (1900s) U. of chicago graduate school of business (now the booth school of business), est. Reflected the rise of the modern, publicly-traded corporation. The aim: 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, The growth years: rapid growth of b-schools following wwii. Public policy goal to have no unemployment: carnegie & ford foundations commission studies of business education in the late 1950s. 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. Characteristics: milton friedman"s view predominant: goal of business is to maximize profit, two main teaching methods: Practitioner focus: purpose is to educate business managers.