The credo of Business with Humanity in Mind piqued my interest and is what attracted me to the Johns Hopkins Carey Business School. I applaud the Carey Business School for taking such a bold step, declaring their stance of business with humanity in mind given the selfishness that has characterized the business world for so long. For years, corporations have zoned in on making a profit, focusing on wealth for the minority, jeopardizing the livelihood of the majority. Carey’s credo reflects the desire to shift the business culture.
Today, businesses and business schools are opting not to solely focus on profit, but instead to adopt a humanistic approach. Corporations rely on humans, i.e people, to consume goods and services in order to generate profit. They have come to realize that business and humanity are not mutually exclusive. Focusing on business alone leads to detrimental consequences for society at large, as evidenced by the U.S. financial crisis in the early 2000’s. Choosing to focus on people with no regard for the finances can also lead to ruin if a country is not able to provide for its citizens financially. Carey’s credo is fitting because businesses are eager to try a different way, as evidenced by the growth of social entrepreneurs and other businesses that care about the greater good.
While this is a noble endeavor on Carey’s part, there is literature documenting the challenges of teaching ethics to business students. Business school students are from varied backgrounds, cultures and come in with their own moral compass, ideas about personal integrity as a process of their socialization. As such, it may be difficult to change their morals and values to one that reflects the consensus of the greater good. Some may also critique Carey for putting business first or may argue that its credo suggest humanity as an afterthought. Maybe in years to come, Carey’s credo will morph into one that more clearly defines its mission; maybe something like: “Where business and people work together,” which may reflect a culture not just keeping people “in mind” but actively including them into all endeavors.
I do believe that given the reputation of the Johns Hopkins brand, the Carey Business School has the power to bring about change in the business world, one student at a time. As a social worker, I hope Carey’s credo includes getting involved in social issues and using money and power to advocate for the less fortunate within local communities. This will serve as proof that Carey Business School is committed to ‘talking the talk’ but also showing through actions that it truly wants a better business world.