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The Business School Curriculum Debate - Scientific Legitimacy versus Practical Relevance (Hardcover)
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The Business School Curriculum Debate - Scientific Legitimacy versus Practical Relevance (Hardcover)
Series: Routledge Advances in Management Learning and Education
Expected to ship within 12 - 19 working days
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With more than 14,000 business schools worldwide, what is included
in their curricula matters for how the economy and the corporate
system are managed. Business schools should be subject to scholarly
inquiries and critical reflection. While many studies of business
schools examine its general role in the tertiary education system
and in society more broadly, this volume examines how one specific
theoretical perspective and a normative model derived therefrom
were developed and gradually appropriated within the business
school setting. This volume demonstrates that agency theory, based
on a daring conjecture that firms can be construed as bundles of
contacts, rose to prominence in the business school context. It
examines how the elementary proposition of agency theory, that the
firm is to be considered theoretically and practically as a "nexus
of contracts," was never consistent with corporate law and contract
law, and it was empirically unsubstantiated. Business schools are
under pressure to teach not only practically useful theories and
models, but also theories that are also scientifically qualified.
Despite having this ambition, certain theories are widely taught
despite failing to live up to such declared ambitions, which means
that business schools may be criticized for including theories on
ambiguous grounds in the curricula. This book examines how business
schools seek to honour the ambition to teach both scientifically
verified theories and practically useful concepts and models, and
how the tensions derived from this duality may be problematic to
handle. It will be of interest to researchers, academics, and
advanced students in the fields of management education,
organizational studies, and legal theory.
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