Six Dimensions for Studying Management and Business in Context
I. History, Philosophy, and Ethics of Management and Business
This area of study will provide students with a historical understanding of the development of modern capitalism and the rise of different entrepreneurial and commercial organizational forms (e.g., Taylorism, the Industrial Revolution, Human Relations, others). This content area will also expose students to the philosophical and ethical underpinnings of business and management through the ideas of major world thinkers such as Adam Smith, Jeremy Bentham, Immanuel Kant, Gandhi, and Confucius and provide opportunities for students to engage in a range of contemporary ethical debates pertaining to managerial decision-making. Students will also learn about newer management trends in social responsibility such as stakeholder management, the triple bottom line, and corporate citizenship and philanthropy.
II. Media, Technology, and Innovation
This content area will cover the role played by new technologies in shaping relations at work and the conduct of business. Students will understand how newer media technologies and the fiber optics revolution have changed the nature of product design and consumption; led to new forms of customer/employee communication; created, expanded, and made interdependent global supply chains; and affected the way the individuals interact in work settings. Prospects and challenges for innovation within this new technological climate will also be examined.
III. Culture and Global Awareness
This area of study will help students understand both the cultural dimensions of organizations as well as the global-cultural context of business. Students will be exposed to international business trends and practices and develop an awareness of global trade, capital movements, and the rise of new corporate players in the emerging economies. Students will learn to appreciate intra-organizational cultural dynamics as well as the influence on them by broader global cultural forces. Students will also be exposed to the diffusion of managerial/business practices around the world, the importance of geography and place for organizations, the challenges of cross-cultural management, and the growth of expatriate and transnational managers across the world.
IV. Creativity and the Arts
This content area underscores the centrality of creativity and artistic imagination to business, organizations, and entrepreneurship while simultaneously helping students grasp the commercial dimension of artistic production and dissemination. Generally, students will be exposed to the creative process and understand the challenges of nurturing it in organizational settings. In doing so, they might also gain an appreciation of how creative works from literature, theater, dance, and cinema represent businesses, managers, and workplaces, or students may examine the principles of design management and funding for the arts in both the for-profit and not-for-profit sectors.
V. Natural Environment and Sustainability
This area of study will allow students to learn about close connections between business and the natural environment in areas such as resource depletion, air and water pollution, and environmental risk factors. Focusing on the growing importance of sustainability and new trends in environmental management including green technology, renewable energy, carbon credits, etc., students might understand the role of local and national governments and international bodies in regulating business/environmental relationships.
VI. Government and Politics
This content area will give students an in-depth understanding of the complex relationship
between businesses, national governments, and global institutions. Students might
develop an awareness of how regulatory frameworks and public policy can foster and/or
constrain private enterprise or grow to understand profit and non-profit organizations
as political actors as well as political domains in which multiple conflicts are enacted.
Courses could cover such vital areas of governmental influence over enterprise as
anti-trust, intellectual property, and the conduct of financial markets, or courses
could locate overall government/business relationships in wider geo-political realities
such as shifting patterns of economic influence, energy dependence, and emerging markets.