Ideological And Historical Challenges In Business Education

Abstract

Business schools bear a central mission in our society and are responsible for training business managers who work in, lead, and indeed control our corporations and drive our economy’s wealth.  Historical and ideological challenges have influenced business education and steered it off the expected path.  Several theoretical frameworks such as academic capitalism explain what has occurred in this profession and how academic institutions were held hostage to the capitalistic and entrepreneurial organizations that are more concerned with shareholders’ wealth than stakeholders’ wellbeing and welfare.