Global business practices and global business worldviews inform and impact each other. Assuming an inter-disciplinary approach, this class would address social, psychological, sociological, political, technological, economic, and scientific forces that drive revolutions and paradigm shifts in global business practices. Furthermore, this class will discuss some important paradigm shifts and revolutions in global business practices and address their origins, impacts, and implications while illustrating them with case studies and best global practices.
Inspired by the insight of Aristotle, this course aims to cultivate students’ “practical wisdom” or prudence to engage in sound reasoning and to make sensible judgments and decisions in real-life social actions by examining the lessons in revolutions and paradigm shifts in global business practices. Aristotle stressed the importance of finding the mean or “meta” knowledge in any action that can carry lessons learned across contexts and generalize practical wisdom across domains. The practice issues, addressed from real case studies of international business contexts, will both exemplify best business practices and cultivate students’ “practical wisdom” in business and their real-life social actions.