ADMS 1010 Study Guide - Midterm Guide: Perfect Competition, Economic Inequality, Complex System

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Helen Pogrin

Document Summary

Critic: to question, analyze, or make sense of something. Make their own judgments critical thinking about business: Business values: spreading to non-business spheres (e. g. universities, health- care, government) Corporate scandals of early 2000s (e. g. enron) Ethics, csr, governance, sustainability: age of the expert. Lots of noise (uncertainty) in the business world. They disagree: need to develop procedures to assess truth or validity of different ideas. First collegiate business schools established around turn of century (1900s: wharton, u. of pennsylvania, est. 1881: u. of chicago graduate school of business (now the booth school of business), est. Reflected the rise of the modern, publicly-traded corporation. Develop a professional degree similar to law & medicine. Manage corporations in the interest of a variety of stakeholders: shareholders customers employees society. Public policy goal to have no unemployment. 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.