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2 - Business school identity and legitimacy: its relationship to the modern university and society

Published online by Cambridge University Press:  05 July 2013

Howard Thomas
Affiliation:
Singapore Management University
Peter Lorange
Affiliation:
Lorange Institute of Business
Jagdish Sheth
Affiliation:
Emory University, Atlanta
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Summary

INTRODUCTION

In the modern university the business school is currently valued much more for its managerial expertise, cash-generation abilities and financial strength than its intellectual vigour and scholarship (Bok, 2003; Starkey and Tempest, 2008). Indeed, as indicated earlier, the legitimacy of business as a serious academic discipline is critically questioned by scholars in science, arts and the humanities (see, for example, Nussbaum, 1997). Further, with the mindset of the corporate university and corporate managerialism as fashionable metaphors for the commercialisation of higher education, many university critics (Bok, 2003; Angus, 2009; Menaud, 2010) have berated university presidents for abandoning the fundamental ideals and visions of universities as ‘thinking institutions’ and generators of knowledge.

They argue that university presidents have instead championed business schools and commercial relevance as criteria for university success and growth while ceding the values of the traditional, elite university to marketisation, market values and financial stability.

Type
Chapter
Information
The Business School in the Twenty-First Century
Emergent Challenges and New Business Models
, pp. 52 - 89
Publisher: Cambridge University Press
Print publication year: 2013

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