Primer on Critical Thinking and Business Ethics

Oswald A. J. Mascarenhas, SJ, JRD TATA Chair Professor of Business EthicsMunish Thakur, Associate Professor, Strategic Management, XLRI, India JamshedpurPayal Kumar, Principal Academic Advisor, Indian School of Hospitality

• Chapter 1. Critical Thinking Applied to Free Enterprise Market CapitalismChapter 2. Critical Thinking Applied to Profit Maximization and Its Presumptive Capitalist ModelsChapter 3. Critical Thinking for Owning Moral Responsibility for Turbulent MarketsChapter 4. Critical Thinking for Redesigning the MBA Program: A Paradigm Shift to Respond to Its Major CriticismsChapter 5. Critical Thinking to Harness Global Social “Wicked” Problems: New Curriculum, Content, and Challenges in the Redesigned MBA Program

The post-pandemic world presents leaders with unprecedented levels of dynamism and uncertainty, leaving top management teams no choice but to engage in critical thinking—higher order analyses in which assumptions are questioned and disconfirmation is no less important than confirmation. With critical thinking coming to the forefront of leadership development, we as educators need to reflect on our present MBA curriculum in terms of both content and delivery. These three monographs are a must-read for anyone interested in developing graduate-level critical thinking skills and teaching future corporate leaders how to take a more nuanced perspective on the paradigm-shifting challenges they are likely to face when transitioning into their managerial career.