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what's right and wrong in Business?

                       what is business ethics? Before understanding business ethics, we should familiarize ourselves with the word "Ethics". Ethics is the study of morality. Morality in return is the set of standards through which we decide what is right or wrong. Morality could be considered objective/absolute like all societies do agree that murder is wrong, or it could be subjective/relative like in the case of taboos that vary among the societies. Business ethics hence is the study that relates ethical manners to business so that a firm/company can achieve its objective. Business ethics has become more crucial for multinational firms as they must identify and respond to different moral standards observed in their countries. Many moral philosophies have been presented by philosophers to determine the standards through which we decide wrong and right, the most famous arguably is utilitarianism.it is worth mentioning that all...
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What is the future of Business Studies in education?

 



As the famous quote says, "Time reveals all", time has indeed revealed the practicality of what we study in our degree programs. What we study and what is required from us in the job market is entirely different, apart from dressing formally and preparing for such academic situations. In today's world the old ways at least in business education is of no use, all theory is in vain when you compare it with practical skills. 

If we go back to the 1950's where only a few lucky individuals received formal education and not many subjects were offered back then, there were medicine, law and engineering whereas the trend for business studies had blown up after the 1980's and since then it is spreading vastly in every institution there is but in some places it is really worth it and in some it isn't. Business School teaches you a lot of things but unfortunately they are confined just to school and corporate settings, the amusing fact is even some corporate situations are now changing from the typical ways.

There is a huge debate whether a person should pursue a formal job or should start a business, that varies from person to person and depending upon what plan does he or she have for herself. But now the focus is on what is really being gained from a Business Degree, is it just a four year diploma?
Well, not exactly the program offers you internships and career opportunities in different industries from production to service education, yet it stands on its hours of boring and impractical subjects that are taught in the program which are frankly of only use when in any extreme situation, lets think about it, don't we have online soft wares for numerical that stretch up to 3 pages? Indeed we do but who can question the system here?

Coming towards theoretical subjects what's the point of 25 page long case studies when you can just look it on the internet, I am convinced that we are obsessed with making things complicated for ourselves thus making students agitated and miserable of their degree choice, The logic that first you need to deeply study and see how it works is so wrong because this is a backwards approach because what matters is what is done and not what is said, how I am supposed to know how to run an HR department without any human resource by just studying a chapter?

Well my point isn't showing a bad image of degree programs, it is making everyone aware that people's skills are what matter the most and not what they crammed years ago. I believe the sensible educational institutes will focus more upon skill based learning and will make things easier for students because quite frankly these institutions think all students are the same when it comes to getting grades and that is the tragedy of this system, if a student can't go past a C , he's officially a failure. This is what we need to change , what are we tying to prove with our perfectionism?

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