The skills that we teach at the College of Business are useful for managing not only for-profit firms, but all kinds of organizations. Leaders and managers in hospitals, school systems, art museums and many other organizations need to understand accounting, finance, operations, strategy, management and marketing in order to be effective in their roles. As I think about the challenges faced by our health care system, our education system, and our public policy makers, I cannot help but identify the areas where business education could be brought to bear to improve the quality of life of citizens of our nation and around the world.
In the future, business education will be developed for, and delivered to, leaders and managers in all of these industries and more.
At UT Arlington’s College of Business, our faculty apply business concepts to these different sectors in their research. Dr. Susanna Khavul, associate professor of innovation and strategic management, is investigating the development of new innovations in microfinancing for would-be entrepreneurs and small business owners in third world regions. This research has the potential to inform pubic policy and government action spurring economic growth. Assistant Professor of Economics Dr. Joshua Price applies economic tools to investigate factors that affect the health and behaviors of adolescents in schools. His recent paper “De-Fizzing Schools: The Effect of Vending Machines on Student Behavior” examines the impact of soft drinks on in-school behavior and academics. This research has the potential to inform educational policy, especially around nutritional requirements. You can follow Dr. Price on Twitter, including his perceptions of sport economics.
The college’s more than 40,000 graduates include leaders and innovators in education (Ashley Murphree ‘95), healthcare (Robert Earley ‘09), the arts (Danielle Georgiou ’06, ‘08) and the nonprofit sector (Carolyn Mentesana ‘84).
Beyond our business majors, our research and education reaches hundreds of UTA students whose curriculum includes a business minor. Students majoring in communications, psychology, art, political science, and biology (to name a few) will soon enter their respective industries with a strong foundation of business knowledge in addition to their substantive specialty.
Good business practices are critical to all industries and sectors. I believe that business education has the potential to improve the effectiveness of all organizations, and that the future of business will be driven by this universal need for leaders and skilled practitioners, regardless of the sector where they eventually work.
Do you agree? Disagree? Have an example? Chime in! What do you see for the future of business?
“Lesson #4: The Non-Profit Needs to Be Run More Like a Business” BY PAUL SHOEMAKER http://www.huffingtonpost.com/paul-shoemaker/non-profit-management_b_1303814.html
“Artists, businesses, and other mythological beasts” BY ANDREW TAYLOR http://www.artsjournal.com/artfulmanager/main/artists_businesses_and_other_m.php
“Why Government Should Not Be Run Like A Business” BY JOHN T HARVEY http://www.forbes.com/sites/johntharvey/2012/10/05/government-vs-business/
“Colleges Should Require Business 101 for Every Student” BY MATT RAGAS http://chronicle.com/article/Require-Business-101-for-Every/136967/