Talking About Organizations Podcast
80: Management Theory & Practice – Sumantra Ghoshal (Part 1)
Sep 14, 2021
Sumantra Ghoshal, business education critic, discusses the negative impact of business schools in shaping management theories. The podcast explores the preference for quantifiable models, ethics disregard, and the challenges of teaching students with different motivations. It also touches on everyday entrepreneurship, the influence of management theories, the pessimistic view of ethical responsibility in corporations, the evolution of business schools, and the importance of ethical behavior.
45:57
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Quick takeaways
- Management theories taught in business schools often prioritize quantifiable models, neglecting ethics, morals, and the complexity of social interactions.
- Business schools need to adapt their curriculum and teaching methods to promote holistic approaches that consider ethics, morals, and responsible business practices.
Deep dives
Critique of Business and Professional Education
The podcast episode discusses the critique of business and professional education presented in the essay by Sumantra Ghoshal titled 'Bad Management Theories Are Destroying Good Management Practices.' The essay highlights the negative impact of certain management theories on business practices and the curriculum of business schools. Ghoshal argues that the theories taught in business schools often prioritize quantifiable models, disregarding ethics, morals, and the complexity of social interactions. This narrow focus on quantifiable models can contribute to unethical behavior and bad management practices. Ghoshal proposes breaking this cycle and calls for a more critical and well-rounded approach in business education.
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