MBA Professor Reflects on Broken Economic System Amidst COVID-19 Pandemic: A Call for Sustainable Business Education

A cooperative economy: a sustainable solution for an unstable system

During my time in lockdown isolation amidst the COVID-19 pandemic, I couldn’t help but reflect on the frameworks that I have been teaching MBA and executive students for many years. It became clear to me that our economic system was no longer adequate in a world plagued by growing inequality, the dominance of a select few major platforms, ineffective economic policy, and the depletion of natural resources.

The impacts of the pandemic, along with social unrest and the exploitation of our planet, highlighted the flaws in our current economic framework. It was evident that Big Tech companies and their platforms had manipulated it for their own benefit while disregarding the well-being and prosperity of others. This realization led me to question how business school professors like myself could address these issues.

As I pondered the broken economic system and its consequences for society and the environment, I considered the need for a shift in thinking and action. The current structures in place were unsustainable and harmful in the long run. Changes were necessary to ensure a more equitable and sustainable future for all.

I believe that we need to rethink our approach to business education by incorporating more sustainable practices into our curriculum. This includes emphasizing social responsibility, environmental sustainability, and ethical decision-making skills. We need to teach our students how to navigate complex global issues such as climate change, income inequality, and social justice.

It is important that we also foster collaboration between businesses, governments, NGOs, and other stakeholders to create a more sustainable future for all. We must work together towards creating policies that promote economic growth while protecting our planet’s resources.

In conclusion, my time in lockdown isolation during the COVID-19 pandemic made me realize that our current economic framework has significant flaws that need addressing. We must shift towards a more sustainable approach to business education by promoting social responsibility, environmental sustainability, ethical decision-making skills. Collaboration between businesses, governments

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