Ghoshal’s Ghost: Financialization and the End of Management Theory

Philosophy of Management 14 (1):29-45 (2015)
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Sumantra Ghoshal’s condemnation of “bad management theories” that were “destroying good management practices” has not lost any of its salience, after a decade. Management theories anchored in agency theory (and neo-classical economics generally) continue to abet the financialization of society and undermine the functioning of business. An alternative approach (drawn from a more classic institutional, new ecological, and refocused ethical approaches) is reviewed.

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Alex Sager
Portland State University


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