Word: oughtness
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...business school's mission does truly guide the educational experience it provides its students, S&E ought not to exist. Imparting a sense of social responsibility is not a two-day immersion. It is a two-year immersion. The concept of improving the "well-being of society" should be integrated into every class that the school teaches. In the same way that a broad definition of "business strategy" seems to underlie and enlighten all of our subjects--from financial reporting strategy to operational strategy to marketing strategy to financing strategy--so too should a broad definition of social responsibility...
...business school does not agree with this statement, it ought to revise its mission statement. I might suggest this: "We aspire to develop outstanding business leaders who will increase shareholder value." In my view, this is a more honest articulation of the school's mission. This is a business school; aiming to increase shareholder value is nothing to be ashamed of, even if it lacks the grandiose ambition of improving "the well-being of society...
Harvard Business School graduates ought to form a new type of business leadership, one that embraces acting on deeply-held beliefs to contribute "to the well-being of society." Definitions of "well-being" will obviously sometimes conflict, but what is important is that we learn to find, secure and initiate opportunities for social action...
...line between MTV and Court TV blurred a bit more this week. DMX, through his publicist, announced plans to turn himself in to authorities to serve a 15-day prison sentence for a traffic infraction (in my critical opinion, the judge ought to tack on a few more days just for DMX's last two CDs). Eminem, also this week, pleaded guilty to carrying a concealed weapon, and prosecutors agreed to drop an assault charge against him (the Grammy folks, who nominated Eminem's bigoted but best-selling "The Marshall Mathers LP" for album of the year, should probably plead...
...then fantasy-land (where a tax cut passed in May can save the economy in March), the debate over George W. Bush's $1.6 trillion tax-cut plan is at last moving back onto familiar territory. Democratic and Republican congressmen crowding around microphones, arguing about what the federal goverment ought to do with its extra cash, and how big it ought to be after spreading it around...