[ADMS 1010] - Final Exam Guide - Comprehensive Notes fot the exam (44 pages long!)

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Joel Marcus

Document Summary

First collegiate business schools established around turn of century (1900s) ^u. of chicago graduate school of business (now the booth school of business), est. Reflected the rise of the modern, publicly-traded corporation. Original intent was to develop a professional degree similar to law & medicine: -manage corporations in the interest of a variety of stakeholders: (cid:498) the education students received was neither rigorous nor especially effective(cid:499) (cid:523)escher, 2010) Carnegie & ford foundations commission studies of business education in the late 1950s. ^issued in shift to a more traditional academic curriculum, with specialized, functional disciplines. ^led to greater legitimacy and power within universities. Rapid growth of post-secondary business programs continues to the present. Milton friedman(cid:495)s view predominant: goal of business is to maximize profit. Practitioner focus: purpose is to educate business managers. ^wrote a detailed account of what they did. Lack of criteria to judge whether actions were good or bad. Read the case -> discuss in class -> offer recommendations.