These management theories often have their own vocabulary. They are sometimes built around the business philosophy of a single guru. They rarely have the sophistication or internal consistency to qualify as a school of philosophy in the conventional sense - some resemble a cultreligion. What they tend to have in common is high consulting fees to consult with the "business gurus" who have created the "philosophy". Only rarely is the capacity to teach others transmitted to any trusted students - one of the key requirements of any legitimate school of thought.
Most of these theories tend to be popular for a time (about 5 to 10 years). Then they disappear from the popular consciousness. Occasionally one has lasting value and gets incorporated into textbooks and into academic management thought. For every theory that gets incorporated into strategic management textbooks there are 100 that are forgotten. Many theories tend either to be too narrow in focus to build a complete corporate strategy on, or too general and abstract to be applicable to specific situations. The low sucess rate is fueled by the management talk circuit in which hundreds of selfappointed gurus sell their books and explain their "revolutionary" and "groundbreaking" theories to audiences of business executives for a not-insignificant fee
Micklethwait, John; Wooldridge, Adrian. The Witch Doctors: Making Sense of the Management Gurus. ISBN 0812929888
Albran, Kellogg The Profit : This is a parody of the master-devotee relationship. Albran humourously examines our relationship with "gurus" (whether business, political or religious), our tendency to be followers, and our drive to find answers outside of ourselves.
The center organizes national conferences on business ethics, publishes research on ethical problems in business, and serves as a clearinghouse for a variety of groups concerned with ethics in business.
In business, and in every other area of your life, you will make choices that help to determine how you live and who you are.
As a philosophy student at Bentley, you'll learn to think clearly and critically, to identify and respond to divergent viewpoints, to analyze the moral dimensions of complex situations, and to reason effectively to solve problems.
The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily property or a social institution; its role in society; and the moral obligations that pertain to it.
We must draw an important distinction between the philosophy of business and businessphilosophy, which is an appellation that one often hears in the business world.
Business relies heavily on inductive reasoning, which assumes a uniformity of nature, such that the future is assumed to resemble the past.
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