A Vision for Business Schools Serving People and Planet
Chapter 2: Imagine business contributing to society
Some thought leaders suggest that we should prepare ourselves for persistent economic turmoil, a future where instability is the norm rather than the exception. Governments have their own problems as they grapple with runaway national debt, forcing extensive reductions in public spending which further produce detrimental effects on the global economy. Meanwhile we struggle with a fundamental financial crisis characterized by rising unemployment, unresolved accumulations of bad debts – and no credible safeguards to prevent future debacles. No wonder then that many of us consider the business world as being disconnected from overall society, unwilling or unable to direct its productive capacities to more constructive uses. We not only need a sustainable economy, but also sustainable business. Many stakeholders characterize the purpose of business as making unrestrained profits and maximizing personal income amongst managers and shareholders. Consider how current levels of unemployment and social inequality are rising to unknown heights, the exploitation of natural resources and the impact of climate change which has passed critical levels.
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