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The Need To Teach Business Ethics, CSR And Corporate Governance

Updated: Oct 17, 2018

In an age of specialisation and super-specialisation across disciplines, there seems to be an urgent need to positively construct a rationale for interdisciplinarity or what is understood in today's parlance as interdisciplinary studies. In other words, the need to introduce or infuse a rather new thinking, popularly known as he systems approach.

In this regard, business education in particular, more than ever before, urgently requires to broaden its horizon; that is, to be able to look at the big picture on a much larger canvas. And, more so, be able to capture the dynamics of the interactions and inter-relationships between and among the various schools of thought.

For example, the need to realize that even the most ideal economic solution has certain biological constraints; that every significant problem is potentially and as much a political, cultural, ecological/environmental, sociological, historical, technical, technological issue, that needs to be addressed in all its entirety.

It is for this reason that the newly emerging areas of study, such as, business ethics, corporate social responsibility and corporate governance are being tapped into, to act as functional tools for a holistic approach, so as to reconnect once again with the allied areas of theory and practice.

The ultimate goal, of course, is to open up different channels of communication between and among the experts, the counter-experts and the laity. Besides, the whole idea is to bridge the gap between the normative and business as usual - a steady progression from a zero-sum to a win-win case for all concerned.

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