ADMS1010 FINAL EXAM STUDY GUIDE
Critical - Answers - comes from the Greek word, "kritikos" which means to question,
analyze or make sense of something
Approach to Critical Thinking - Answers - Explicit:
- reading
- thinking
- learning
Critical Thinking Involves - Answers - Conscious
- asking questions
- examining questions
- weighing the validity of arguments
Characteristics of Critical Thinkers - Answers - - Self-aware
- Curious
- Independent
Self-aware - Answers - - introspective
- know personal biases
- name strategies used to make judgements
Curious - Answers - - explore beneath the surface of issues
- try new approaches
- seek new viewpoints
Independent - Answers - - listen to and learn from others
- develop their own informed opinions
- make their own judgments
Business the dominant institution of our times - Answers - - Main discourse...economic
performance, productivity, global markets, financial investments
- Business values...spreading to non-business spheres (e.g. universities, health-care
and government)
Current Affairs - Answers - - corporate scandals of early 2000s (e.g. enron)
- Volkswagen, Wells Fargo
Major Themes of Critical Thinking in Business - Answers - - Ethics
- CSR
- Governance
- Sustainability
,Trouble with Experts - Answers - - False expertise
- Experts
False expertise - Answers - - physical feature/height
- clothes
- language/jargon
Experts - Answers - - act beyond the bounds of knowledge
- fail to sufficiently limit claims
Case for critical thinking - Answers - - Much uncertainty in the world
- false experts step in
- persistent attacks on science, objective truth/facts and true expertise
- Need to....develop procedures to assess truth or validity of different ideas
Critiquing Business School - Answers - - huge influence...intellectually fraudulent
- selling ideology as if it were science
- business ethics ad CSR...window dressing
- business school assumes capitalism, corporations and managers as
default...everything is else is peripheral
Selling ideology as if it were science - Answers - the virtues of capitalist market
managerialism are sold as if there were no other ways of selling the world
SAS - Answers - School of Administrative Studies
Administrative = - Answers - management (i.e. management studies)
Administrating/managing what? - Answers - - primary focus on on business
- also the government, not-for-profits
- any organization
First collegiate business school - Answers - - Established around turn of century (c.
1900)
- Wharton U of Pennsylvania est. 1881
- U of Chicago graduate school of business (now the booth school of business) est.
1891
- Harvard business school est. 1908
- Reflected the rise of the modern, publicly-traded corporation
Joseph Wharton - Answers - - leader in industrial metallurgy and built his fortune
through the American Nickel Company and Bethlehem Steel Corporate
- founded the Wharton School of Finance and Economy through a $100,000 pledge,
making it the first business school established in the States
, Original Intent of Business School - Answers - - to develop a professional degree similar
to law & med
- manage corporations in the interest of a variety of stakeholders (shareholders,
customers, employees and society)
- code of ethics
- standardized body of knowledge
Rapid Growth - Answers - - of B-schools following WWII
- Returning soldiers needed jobs
- Public policy goal to have no unemployment
- Of post-secondary business programs continues to the present
Carnegie & Ford foundation - Answers - - Commission studies of business education in
the late 1950s
- Why?
- Shift to a more traditional academic curriculum, with specialized, functional disciplines
- Greater legitimacy and power within universities
B-Schools - Characteristics - Answers - - Milton Friedman's view predominant
- Practitioner focus
- Two main teaching methods
Milton Friedman's view predominant - Answers - Goal of business is to maximize profit
Practitioner focus - Answers - Purpose is to educate business managers
Two Main Teaching Methods - Answers - 1. Traditional skills-based, lecture style
2. Case method
The Case Method - Answers - - Developed at Harvard Business School
- No business textbooks when founded in 1908
- Class content development
- interview leading business practitioners
- write a detailed account of what they did
- But those lacked, so read the case --> discuss in class --> offer recommendation
- students take on role of decision makers (e.g. the Manager)
Manager - Answers - The person in charge of the organization or one of its subunits
The Classical view of management - Answers - - AKA, the rational view
- Adapted by Henry Fayol in 1916
Managers: Plan, Organize, Coordinate and Control
Mintberg's managerial roles - Answers - - Formal Authority and Status
- Interpersonal roles (Figurehead, Leader, Liaison)
- Informational roles (Monitor, Discriminator, Spokesperson)
Critical - Answers - comes from the Greek word, "kritikos" which means to question,
analyze or make sense of something
Approach to Critical Thinking - Answers - Explicit:
- reading
- thinking
- learning
Critical Thinking Involves - Answers - Conscious
- asking questions
- examining questions
- weighing the validity of arguments
Characteristics of Critical Thinkers - Answers - - Self-aware
- Curious
- Independent
Self-aware - Answers - - introspective
- know personal biases
- name strategies used to make judgements
Curious - Answers - - explore beneath the surface of issues
- try new approaches
- seek new viewpoints
Independent - Answers - - listen to and learn from others
- develop their own informed opinions
- make their own judgments
Business the dominant institution of our times - Answers - - Main discourse...economic
performance, productivity, global markets, financial investments
- Business values...spreading to non-business spheres (e.g. universities, health-care
and government)
Current Affairs - Answers - - corporate scandals of early 2000s (e.g. enron)
- Volkswagen, Wells Fargo
Major Themes of Critical Thinking in Business - Answers - - Ethics
- CSR
- Governance
- Sustainability
,Trouble with Experts - Answers - - False expertise
- Experts
False expertise - Answers - - physical feature/height
- clothes
- language/jargon
Experts - Answers - - act beyond the bounds of knowledge
- fail to sufficiently limit claims
Case for critical thinking - Answers - - Much uncertainty in the world
- false experts step in
- persistent attacks on science, objective truth/facts and true expertise
- Need to....develop procedures to assess truth or validity of different ideas
Critiquing Business School - Answers - - huge influence...intellectually fraudulent
- selling ideology as if it were science
- business ethics ad CSR...window dressing
- business school assumes capitalism, corporations and managers as
default...everything is else is peripheral
Selling ideology as if it were science - Answers - the virtues of capitalist market
managerialism are sold as if there were no other ways of selling the world
SAS - Answers - School of Administrative Studies
Administrative = - Answers - management (i.e. management studies)
Administrating/managing what? - Answers - - primary focus on on business
- also the government, not-for-profits
- any organization
First collegiate business school - Answers - - Established around turn of century (c.
1900)
- Wharton U of Pennsylvania est. 1881
- U of Chicago graduate school of business (now the booth school of business) est.
1891
- Harvard business school est. 1908
- Reflected the rise of the modern, publicly-traded corporation
Joseph Wharton - Answers - - leader in industrial metallurgy and built his fortune
through the American Nickel Company and Bethlehem Steel Corporate
- founded the Wharton School of Finance and Economy through a $100,000 pledge,
making it the first business school established in the States
, Original Intent of Business School - Answers - - to develop a professional degree similar
to law & med
- manage corporations in the interest of a variety of stakeholders (shareholders,
customers, employees and society)
- code of ethics
- standardized body of knowledge
Rapid Growth - Answers - - of B-schools following WWII
- Returning soldiers needed jobs
- Public policy goal to have no unemployment
- Of post-secondary business programs continues to the present
Carnegie & Ford foundation - Answers - - Commission studies of business education in
the late 1950s
- Why?
- Shift to a more traditional academic curriculum, with specialized, functional disciplines
- Greater legitimacy and power within universities
B-Schools - Characteristics - Answers - - Milton Friedman's view predominant
- Practitioner focus
- Two main teaching methods
Milton Friedman's view predominant - Answers - Goal of business is to maximize profit
Practitioner focus - Answers - Purpose is to educate business managers
Two Main Teaching Methods - Answers - 1. Traditional skills-based, lecture style
2. Case method
The Case Method - Answers - - Developed at Harvard Business School
- No business textbooks when founded in 1908
- Class content development
- interview leading business practitioners
- write a detailed account of what they did
- But those lacked, so read the case --> discuss in class --> offer recommendation
- students take on role of decision makers (e.g. the Manager)
Manager - Answers - The person in charge of the organization or one of its subunits
The Classical view of management - Answers - - AKA, the rational view
- Adapted by Henry Fayol in 1916
Managers: Plan, Organize, Coordinate and Control
Mintberg's managerial roles - Answers - - Formal Authority and Status
- Interpersonal roles (Figurehead, Leader, Liaison)
- Informational roles (Monitor, Discriminator, Spokesperson)
