Why business schools are failing society-and how to change that

Andrew Hoffman argues that business education needs a fundamental shift to address urgent global issues, specifically climate change and income inequality. He highlights that the current model of shareholder capitalism is failing and suggests that simply abandoning it isn't the answer; instead, we must reform it to correct systemic failures. By reshaping how business is taught, educators can produce leaders who prioritize long-term sustainability over short-term profits, crucial in addressing the pressing challenges that society faces today.

Today's version of capitalism, shareholder capitalism, doesn't work anymore for the purposes for which it was designed. We must amend it.

We need to reshape how we teach business in higher education to create a different kind of business leader and fix the market for the better.

Read at Fast Company