Abstract
Businesses and business schools are at a critical juncture: the
need to redefine the value and purpose of management education
and that of work has never been more urgent. Businesses can no
longer solely focus on creating economic profits. They must also
incorporate societal and ecological values so that the future is
inclusive and thus sustainable for all. This aligns well with Society
5.0, which entails utilising all technologies and infrastructure
to create a sustainable society that contributes to the safety and
comfort of individuals. Business schools must equally reassess
their function in educating students and partnering with
businesses, shifting their focus from producing individuals who
are “the best in the world to those who are the best for the world”
(Dyllick et al., 2022, p. 32). This paradigm shift from least harm
to most good is needed to deliver regenerative outcomes that can
advance businesses that relate to community and society in the
future. We posit that this shift is not merely a nice-to-have, but an
existential necessity for the planet and its inhabitants.
The Positive impact rating for business schools: 2022 edition
report (Dyllick et al., 2022) reveals that business schools in
the Global South, particularly in Africa, are ahead of their
counterparts in the Global North in social consciousness and
conscientious practices. Click here to read the full text article