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Social Innovation and the Future of Business and Business Education

Social Innovation and the Future of Business and Business Education Humanistic Management Journal (2019) 4:119–124 https://doi.org/10.1007/s41463-019-00076-4 EDITORIAL Social Innovation and the Future of Business and Business Education 1 1 1 Michael Pirson & Lerzan Aksoy & Sertan Kabadayi Published online: 7 January 2020 Springer Nature Switzerland AG 2020 We are witnessing the fracturing of the traditional business system. Global governments demand business to not only focus on financial outcomes but rather advance progress towards the sustainable development goals. Customers of all ages but especially of the millenial and younger cohorts are pressuring companies towards more ethical business practices. Investors like Larry Fink demand long term oriented management. The business roundtable in the United States feels it needs to revoke the tenets of shareholder value maximization and reuissues their statement on the purpose of the corporation to be stakeholder value creation. While these trends are occuring at the surface level and many observers remain very cynical we argue that there is a deeper shift occuring. Some observers call it a shift in consciousness and argue that we witness a new paradigm emerge. In the Fall of 2018 a number of thought and action leaders gathered in Tarrytown, NY at the invitation of the Gabelli School of Business to explore the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Humanistic Management Journal Springer Journals

Social Innovation and the Future of Business and Business Education

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Publisher
Springer Journals
Copyright
Copyright © Springer Nature Switzerland AG 2020
Subject
Philosophy; Ethics; Quality of Life Research
ISSN
2366-603X
eISSN
2366-6048
DOI
10.1007/s41463-019-00076-4
Publisher site
See Article on Publisher Site

Abstract

Humanistic Management Journal (2019) 4:119–124 https://doi.org/10.1007/s41463-019-00076-4 EDITORIAL Social Innovation and the Future of Business and Business Education 1 1 1 Michael Pirson & Lerzan Aksoy & Sertan Kabadayi Published online: 7 January 2020 Springer Nature Switzerland AG 2020 We are witnessing the fracturing of the traditional business system. Global governments demand business to not only focus on financial outcomes but rather advance progress towards the sustainable development goals. Customers of all ages but especially of the millenial and younger cohorts are pressuring companies towards more ethical business practices. Investors like Larry Fink demand long term oriented management. The business roundtable in the United States feels it needs to revoke the tenets of shareholder value maximization and reuissues their statement on the purpose of the corporation to be stakeholder value creation. While these trends are occuring at the surface level and many observers remain very cynical we argue that there is a deeper shift occuring. Some observers call it a shift in consciousness and argue that we witness a new paradigm emerge. In the Fall of 2018 a number of thought and action leaders gathered in Tarrytown, NY at the invitation of the Gabelli School of Business to explore the

Journal

Humanistic Management JournalSpringer Journals

Published: Dec 7, 2019

References