

What Business School is Missing
11 snips Jul 27, 2025
Andy Hoffman, a professor at the University of Michigan’s Ross School of Business and an expert on sustainability, dives into the urgent need for reform in business education. He critiques traditional MBA programs for neglecting ethical responsibilities and societal impact. The conversation also explores the rise of ESG investing, the challenges posed by climate change to finance, and how environmental concerns influence real estate investments. Hoffman emphasizes that future business leaders must be equipped to blend capitalism with stewardship and sustainability.
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Systemic Breakdown Requires Market Fix
- We are facing systemic breakdowns caused by capitalism and the market, not just isolated environmental problems.
- Business education must teach students to understand and improve the market's role in these issues.
Hoffman's Sustainability Journey
- Andy Hoffman went from chemical engineering undergrad with few environmental concerns to EPA inspector and custom home builder.
- His journey led him to focus on business and sustainability, influenced by market power to solve such problems.
Business School's Lost Mandate
- The MBA curricula have remained ossified, teaching the how but neglecting the why of business.
- Business schools lost their original mandate to teach business as a service to society.