Profit maximization, the idea that you should strive to get as much benefit as you can out of the time and money you put into a commercial endeavor, has been a mainstay of our business paradigm for generations. It’s easy to see why. What sane person would want anything less than the maximum benefit they can get for their efforts?
Keep your eyes peeled in October 2019. Emerald Publishing is releasing my first non-fiction book, Values, Rationality, and Power: Developing Organizational Wisdom as part of its Critical Management Series. This book summarizes years of research in the Canadian healthcare system into how individuals manage the confluence of values, rationality, and power to drive wise organizational... Continue Reading →
Organizations can act wisely. They can, however, also act stupidly. The question then becomes, can we create wise organizations on purpose?
What we have, here, is a value conflict. The powers-that-be have a budget to manage, and so they value fiscal sustainability. Instructors, conversely, have students to teach. They value quality education. Who should win?