scholarly journals Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2020 ◽  
Author(s):  
Todd Bridgman ◽  
C McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

© 2018, The Author(s) 2018. A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

scholarly journals Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2020 ◽  
Author(s):  
Todd Bridgman ◽  
C McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

© 2018, The Author(s) 2018. A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

scholarly journals Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2018 ◽  
Vol 42 (4) ◽  
pp. 441-460 ◽  
Author(s):  
Todd Bridgman ◽  
Colm McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

scholarly journals Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2020 ◽  
Author(s):  
Todd Bridgman ◽  
C McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

© 2018, The Author(s) 2018. A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

scholarly journals Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2020 ◽  
Author(s):  
Todd Bridgman ◽  
C McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

© 2018, The Author(s) 2018. A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

scholarly journals Public engagement can change your research, but how can it change your research institution? ICES Case Study

2020 ◽  
Vol 5 (3) ◽  
Author(s):  
Jenine Paul ◽  
Randy Davidson ◽  
Cheryl Johnstone ◽  
Margaret Loong ◽  
John Matecsa ◽  
...  
Keyword(s):  
Public Engagement ◽  
Health Data ◽  
Core Element ◽  
Public Input ◽  
For Profit ◽  
Research Institution ◽  
Not For Profit ◽  
The Impact ◽  
Corporate Level

This article explores the approach that ICES (formerly the Institute for Clinical Evaluative Sciences)uses to encourage public engagement at both the research study and corporate level. ICES is anindependent not-for-profit research institute in the province of Ontario, Canada. This article wasco-written by ICES’ public engagement team and four members of the ICES Public AdvisoryCouncil (PAC). As part of the process of writing this article PAC members provided theirreflections on why they got involved, what worked well and the limitations and challenges of ICES’approach. ICES described the development of its public engagement strategy to inform how the institutionwould capture and incorporate the values of Ontarians in ICES activities and research. ICES provideddetails on two key elements of its strategy: the formation of a PAC to advise its leadership, andthe creation of resources and supports to encourage researchers to incorporate public engagementin their projects. PAC members and ICES provided perspectives on what impact they perceive as a result ofthe public engagement strategy. PAC members expressed that ICES has demonstrated listening toand using their input, but it is too early to evaluate if their feedback has changed the way ICESconducts its work. ICES discussed the challenges and successes in building and implementing thepublic engagement strategy, including recruiting a diverse council, aligning with public prioritiesand creating a culture of engagement. As a result of public input, ICES has restructured theway the institution explains its privacy and cybersecurity approach to build trust and confidence.ICES has also seen an increase in researchers using public engagement resources, and early datasuggests that in 2019 about 20% of scientists included some form of public engagement in theirprojects. ICES’ journey to public engagement resulted in important changes to processes and activitiesat the institution, but there is much more that needs to be done. PAC members advocate thatpublic members should be engaged in health data research and hope that public input will bea core element in health data research in the future. ICES will continue its efforts to addresspublic priorities and will seek to further evaluate the impact of public engagement across theorganisation.

Innovations in marketing of higher education: Foreign market entry mode of not-for-profit universities

2014 ◽  
Vol 29 (6) ◽  
pp. 546-558 ◽  
Author(s):  
Vik Naidoo ◽  
Terry Wu
Keyword(s):  
Qualitative Methodology ◽  
Profit Maximization ◽  
Entry Mode ◽  
Foreign Market ◽  
Foreign Market Entry ◽  
Content Type ◽  
For Profit ◽  
Not For Profit ◽  
Definition Of ◽  
Foreign Market Entry Mode

Purpose – The purpose of this study is to examine the innovations in the international activities of not-for-profit (NFP) universities. While the entry mode literature is well addressed, particularly by international marketing and business scholars, an academically interesting and managerially relevant question relates to the applicability of extant research to the emerging phenomenon of internationalization in the NFP sector. Design/methodology/approach – Using an inductive constructivist qualitative methodology grounded in 12 case studies of internationalization in the NFP education sector, this study applies Dunning’s eclectic framework as its theoretical anchor. Findings – This study identified that entry mode choice in the NFP context may not always be reconciled with extant literature derived mostly from a for-profit context. In particular, the broader definition of offshore equity investment is in sharp contrast to previous entry mode research which is largely, if not exclusively, grounded in a for-profit context. Originality/value – Extant frameworks developed to explain the entry mode phenomena tend to assume a profit maximization philosophy. The propositions advocated in this study are a step further to develop our understanding of internationalization of NFP universities.

scholarly journals Assuring Not-For-Profit Hospital Competitiveness Through Proper Accounting For The True Cost Of Capital

2010 ◽  
Vol 8 (11) ◽  
Author(s):  
Rakesh Duggal ◽  
Michael Craig Budden
Keyword(s):  
Cost Of Capital ◽  
Profit Maximization ◽  
Font Size ◽  
Non Profit ◽  
True Cost ◽  
Wealth Maximization ◽  
For Profit ◽  
Not For Profit ◽  
The Cost

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="font-family: Times New Roman;"><em style="mso-bidi-font-style: normal;"><span style="font-size: 10pt;">The topic of cost of capital is very important, especially for not-for-profit (NFP) organizations.<span style="mso-spacerun: yes;">&nbsp; </span>Since profit maximization or stockholder wealth maximization cannot be their objective, NFP firms must be all the more aware of their costs, including the cost of capital, to sustain and grow the quality and quantity of their services to their consumers.<span style="mso-spacerun: yes;">&nbsp; </span>Yet, research into this topic has been lagging.<span style="mso-spacerun: yes;">&nbsp; </span>This paper adapts and enhances an existing methodology and illustrates how a non-profit hospital&rsquo;s cost of capital can be estimated</span></em><span style="font-size: 10pt;">.</span></span></p>

Business as Usual? Ambitions of Profit Maximization and the Theory of the Firm

2006 ◽  
Vol 17 (3) ◽  
pp. 313-326 ◽  
Author(s):  
Kenny Crossan ◽  
Thomas Lange
Keyword(s):  
Survey Data ◽  
Financial Analysis ◽  
Real Life ◽  
Profit Maximization ◽  
Theory Of The Firm ◽  
For Profit ◽  
Ex Post ◽  
Business Objective ◽  
Neoclassical Economic Theory ◽  
Business As Usual

What constitutes the ultimate aim of managers of businesses remains a contestable question that has been debated by both economists and management scholars for several decades. We collected and analyzed survey data from 159 managers of UK based companies and explored the latter’s overriding ambitions for their businesses. We combined our survey data with detailed financial information contained in the FAME (Financial Analysis Made Easy) database, which allowed us to verify and complement the reported survey results. Irrespective of possible constraints in the market in which they operate, we conclude that managers act “as if” they were the perfectly informed agents of neoclassical economic theory who aim for profit maximization as their overriding business objective, even though – in real life or ex post – their objectives may not necessarily move from this ambition into a reality.

The Development of Not-For-Profit Hospital Cost Models

1988 ◽  
Vol 6 (1) ◽  
pp. 35-48
Author(s):  
Greg M. Thibadoux ◽  
Nicholas Apostolou ◽  
Ira S. Greenberg
Keyword(s):  
Hospital Cost ◽  
Cost Models ◽  
For Profit ◽  
Not For Profit
Sign in / Sign up

Export Citation Format

Share Document