Academic excellence

, 118

Accountability (A)

, 99

Adam Smith

, 2

capitalism

, 15

theory of free capitalist markets

, 3–4

Advance Collegiate Schools of Business (AACSB)

, 184

Advertisement–promotion communication system

, 6

Agency condition (AC)

, 87

Agency theory

, 32

Agricultural economy

, 111–112

Ambiguity

, 68–69

American capital accumulation

, 2

American capitalism

, 2–4, 6, 8–9

Analytical knowledge

, 139, 177

Annual General Body Meetings (AGBM)

, 84, 98

Anthropocentric theory

, 26

Anthropocentrism

, 52

Antiknowledge

, 70

Appropriational moral responsibility

, 72

Arctic meltdown

, 156–157

Aspiration

, 167

Assumptive thinking

, xxii

Attributional moral responsibility

, 72

Attributive responsibility

, 77

Authority ranking

, 39, 59

Avoidability

, 88–89

Avoidance opportunity condition (AOC)

, 87

Balance-of-nature theory

, 26

Benefit corporation

, 25

Black and Scholes (option-pricing) model (BSM)

, 45–50

Black Swans

, 68–69

events

, 70–71

periodic dominance of black swan turbulence

, 71

Boardroom capitalism

, 12–13

Bottom of the pyramid

, 42

Breakthrough innovative talent management and development

, 118–119

Breakthrough theory

, 26

Business ethicists

, 67

Business faith

, 125

Business management

, 132

Business scholars

, 117

Business schools

, 117, 128

curriculum

, 118

Capital

, 2

accumulation

, 2

Capitalism

, 1–3, 22, 50, 66

Adam Smith

, 15

causes

, 21

conscious

, 24–25

curbing boardroom

, 12–13

fundamental structural assumptions

, 3–12

inclusive capitalism

, 19–20

Marxian response to

, 13–15

opponents

, 16

opposition to

, 15–16

positive hopes

, 18

putative models

, 22–24

Capitalist corporation

, 2

Capitalist system

, 2

Carbon emissions reduction

, 111–112

Carbon trading

, 111–112

Causal relevancy condition (CRC)

, 87

Causal responsibility

, 77

Causal sense of responsibility

, 76–77

Causality (C)

, 89, 99

Causation

, 81

Central banks

, 8

Chaos theory

, 67

Charismatic leadership, humanizing management with

, 119

Collective accountability

, 89

Collective intentionality

, 89

Common good

, 60

Common ground

, 154–155

Communal sharing

, 39–40

Community opportunity sharing

, 60

Commutative justice

, 28

Compartmentalization

, 120–121

Competencies

, 167

Complex problems

, 169

Complexity

, 148

Conscious capitalism

, 24–25

Continental hurricanes

, 156–157

Corporate

, 2

executives

, 67

sustainability

, 29

Corporate moral responsibility

, xxv

broader context of

, 80–81, 89, 91, 93

Corporations

, 82

Cosmic sustainability

, 60–61

Cost containment

, 41

Cost minimization

, 45

“Counter-performativity” thesis

, 45

Coupling

, 149

Creation theory

, 26

Creativity–innovation management

, 140, 143, 172

Critical thinking

, 1–2

Criticisms

, 111–112

Cross-consistency assessment (CCA)

, 166

Cuban social developmental approach

, 50

Das Kapital

, xxiii

Data analytic

, 72

Data mining

, 72

Data selling professionals

, 72

Data snooping

, 72

Death March Project

, 160

Deception

, 152

Decision-making

, 75–76, 81

Deontic sense of responsibility

, 76–77

Deontological justice

, 28

Descriptive knowledge

, 139, 176

Dialogue

, 155

Distributive justice

, 28, 60–61

Division of labor

, 13–14

Dynamic complexity

, 148

E-entertainment networking experience economy

, 111–112

Earnings before interest, taxes, depreciation, and amortization (EBITDA)

, 52

Earnings before interest and taxes (EBIT)

, 52

Eco-sustainability

, 111–112

Ecological justice

, 28

Ecology

, 29

Economic

, 29

development

, 32

Edward Deming

, 116

Emotional quotient

, 134–137

Enabling condition (EC)

, 98

Enlightenment schools

, xxii

Entrepreneur

, 55

Entrepreneurial knowledge

, 178

Environment

, 29

Equality

, 176

Equality matching

, 39, 60–61

Experiential knowledge

, 139, 177

Extrinsic motivation

, 144

Financial economics

, 45

Financial investment corporations

, 114

Financial market crisis

, 3

Financial markets

, 11

Fooled by Randomness

, 107

Formal organizations

, 82

Fraud

, 126

Free enterprise capitalism

complex problems

, 151

pseudo problems

, 152

simple problems

, 151

structure of problems in

, 149–152

Free enterprise capitalist system (FECS)

, 3, 24

basic assumptions

, 4–5

critical analysis

, 23–24

definitional concerns

, 10

presumed supremacy of US-based

, 25–27

problems

, 11

Free enterprise system

, 6

Free market system

, 1–2, 6, 29

Freedom (F)

, 99

Friedrich Engels

, xxiii

Fundamental breakthroughs

, 119

General Congregation (GC)

, 125

General morphological analysis (GMA)

, 165–166

General Motors (GM)

, 66

Generally accepted accounting principles (GAAP)

, 116

Genocide

, 156–157

Ghettoes

, 156

Global climate change

, 156–157

Global cyber fraud

, 156–157

Global hacking

, 156–157

Global holocausts

, 156–157

Global invasion of privacy

, 156–157

Global terrorism

, 156–157

Global tsunami

, 156–157

Global warming

, 156–157

Globalization

, 62, 64, 116

Globalized information-communication economy

, 111–112

Great Recession

, 7–9

Gross domestic product (GDP)

, 36, 114

Gross national product (GNP)

, 114

Happiness justice

, 43–44

Hedge funds

, 69

Higher education

, 112–113

Honest profits

, 41–42

Human resources (HR)

, 172

Human resources management (HRM)

, 114

Humanizing management

, 119

Inclusive capitalism

, 19–20, 25, 36

challenges

, 20

poverty eradication through

, 54

Individual responsibility

, 74–75

Industrial Age

, 11

Industrial manufacturing economy

, 111–112

Information Age

, 11

Innovation

, 119

Instrumental stakeholder theory

, 39–40

Integral humanism

, 25

Integrated business management (IBM)

, 176

Integrated management system

, 128

Intellectual quotient

, 134–137

Intentionality (I)

, 81, 99

Interactive complexity

, 149

Internal rate of return (IRR)

, 34

International Monetary Fund (IMF)

, 3

Intrinsic intentionality

, 81

Intrinsic motivation

, 139

Joint condition (JC)

, 98

Joint mechanisms

, 90–97

Joint responsibility

, 109

Joint value creation

, 39

Karl Marx

, 13–14

Knowledge creation

, 112

Labor

, 13–14

Learning from outlier student performance

, 120

Legal responsibility

, 76

Listening

, 155

Management

, 32

education

, 113–116

model

, 119

theory

, 32, 34, 37

Mapmaking

, 155

Margin economics

, 38–39

Margin maximization

, 45

Market performativity

, 50

paradigm shift from social performativity to

, 52

Market pricing

, 39

Market system

, 28

Marxian response to capitalism

, 13–15

Master in Business Administration program (MBA program)

, 111–112, 127, 153

breakthrough innovative talent management and development

, 118–119

change in management education

, 116

de-mechanize education

, 126–128

design structure

, 138

humanizing management with charismatic leadership

, 119

imperatives

, 118

initial assessment of redesigned

, 139–144

lack of intrinsic motivation

, 126

learning from outlier student performance

, 120

major criticisms

, 122–125

major indictments of traditional MBA program

, 117–121

paradigm shift

, 128, 133–134, 137

problems with higher education

, 112–113

problems with management education

, 113–116

professionalizing MBA program and curriculum

, 138–139

radical integration management sans compartmentalization

, 120–121

redesigning

, 121–128

redesigning MBA curriculum

, 153–154

scholarly positive directions

, 132–133

sets of biases, prejudices, presumptions, and presuppositions

, 129–131

strategic change

, 138

template for professional development of

, 140–143

Mediocristan

, 71

Messes

, 148

Mistrust

, 155

Money laundering

, 126

Moral agency

, 83

Moral coordination

, 89

Moral disvalues

, 66

Moral failure

, 67–69

Moral goodness

, 67–69

Moral implementation

, 80

Moral leadership

, 126

Moral perception

, 80

Moral personhood

, 84

Moral projection

, 80

Moral reasoning

, 80, 176

Moral responsibility

, 66, 76–77, 83, 87

constituents of individual and collective

, 94–96

domain, scope, and mandate of individual, joint, and corporate

, 102–105

legal and moral responsibilities

, 90, 97

locus of corporate

, 74–75

mini cases

, 98–100

necessary and sufficient conditions

, 81–89

net moral goodness triumphs over moral failure

, 67–69

organizations

, 78–79

periodic dominance of black swan turbulence

, 71

problem

, 73

randomness and black swan events

, 70–71

randomness-free industries

, 72–73

randomness-prone industries

, 72

scalable and nonscalable industries

, 69

Moral values

, 66

Moralists

, 79

Morality

, 67

of profits and losses

, 55

Morphological field

, 165–166

Mutually exclusive and collectively exhaustive (MECE)

, 89

Narrow Self-Interest (NSI)

, 36–37

Nassim Nicholas Taleb

, 68

Natural causal responsibility

, 77

Natural disasters

, 159

Necessary condition (NC)

, 98

Neocapitalism

, 21

Net moral goodness triumphs over moral failure

, 67–69

Net present value (NPV)

, 34

Neutrality theory

, 26

New product development (NPD)

, 176

9/11

, 156–157

Non-governmental organizations (NGOs)

, 20, 54

Nonscalable industries

, 68–69

Official curriculum

, 127

One shot operation

, 162

Organizational behaviour

, 82

Organizational learning

, 151

Organizations

, 78–79

Over-fitting regression

, 72

Paradigm shift

, 52

Paris Summit Agreement

, 29

Parker–Pearson justice

, 12

Peak load pricing

, 50

Performativity

of markets

, 45–50

thesis

, 50

Physical quotient

, 134–137

Planetary ecology

, 35–36, 101

Political

, 3–4

Poverty eradication through inclusive capitalism

, 54

Prescriptive attributions

, 106

Presumptive thinking

, xxii

Primacy of technology

, 25–27

Problem complexity

, 183

Problem-centered curriculum

, 183–186

Problem–resolution design

, 152

Problems

, 148

Problem–solution

, 151

Production management

, 116

Professionalizing MBA program and curriculum

, 138–139

Profit maximization (PM)

, 32, 38, 62, 64

critical analysis

, 46–49

major criticism against management theory and research

, 34–36

modelling

, 44–45

promising alternatives

, 41–42

within relational economics

, 39–40

Profit sharing

, 57–58

Prospective responsibility

, 108

Protestant Movement

, xxiii

Pseudo problems

, 152

Public relations (PR)

, 184

Puzzles

, 148

Radical integration management

, 120–121

Randomness

, 68, 70–71

Randomness-free industries

, 72–73

Randomness-prone industries

, 72

Rapid innovation

, 132

Rationality (R)

, 81, 89, 99

Real listening

, 155

Reckless corporate cost-containment methods

, 159

Redesigned MBA program

, 138

Relational economics

, 37, 39–40

PM within

, 39–40

Relational model

, 60

Relational value economics

, 60

Residual sharing

, 58

Responsibility

, 66, 73, 76

Responsible marketing

, 50

Retrospective responsibility

, 108

Return on assets (ROA)

, 34

Return on capital employed (ROCE)

, 34

Return on invested capital (ROIC)

, 34

Return on investment (ROI)

, 34

Revenue enhancement

, 41

Revenue generation

, 41

Revenue maximization

, 45

Rio Declaration

, 32

Risk management

, 185

“Round trip” trading (see Wash trading)

Sapiential knowledge

, 139, 177

Scalable industries

, 68–69

Secular stagnation

, 9

Securities and Exchange Commission (SEC)

, 113–114, 148–149

Self-interested agents

, 60

Self-limitation theory

, 26

“Sell/buyback” trading (see Wash trading)

Serendipity

, 68

Servant of social progress

, 32

Services economy

, 111–112

Share

, 12

Shareholder value creation

, 50

Shareholder wealth maximization (SWM)

, 36–37, 60–61

Silicon Valley

, 69–70

Simple problems

, 151

Single-objective views

, 36–37

Single-valued objective

, 36

Social accountability

, 112

Social development

, 60–61

Social e-entertainment networking experience economy

, 111–112

Social growth management

, 179–182

Social justice

, 58–59

Social performativity

, 50

paradigm shift from market performativity to

, 52

Social progress

, 50

Social reality

, 45–50

Social wealth

, 38–39

Social welfare

, 39

Socialism

, xxiii

Socialist firms

, 57–58

Solution space

, 151

“Sovereign” system

, 3–4

Spiritual quotient

, 134–137

Stakeholder-oriented “relational” approach

, 39–40

Stakeholders

, 66

Stochastic sequences

, 169

Substantive responsibility

, 108

Sufficient condition (SC)

, 98

Sustainability

, 42

justice

, 43

management

, 139

Sustainable competitive advantage (SCA)

, 125

Sustainable human resources management

, 37

Sustained profitability

, xxv

Systems

, 147–148

thinking

, 147–148

Talent management

, 118–119

Tame problems

, 155–156

Technological advancements

, xxi

Technological obsolescence

, 126

Technological supremacy

, 27

attitudinal changes

, 27

presumptuous theories

, 26

Technology

, 19–20

Teleological justice

, 28

Total quality management (TQM)

, 116

Traditional linear processes

, 155–156

Traditional management theory

, 34

Transactional economics

, 37, 39–40, 59

Trial and error

, 162

Trust

, 155

Turbulent markets

, 68

Type I randomness

, 71

Uncertainty

, 148–149

United States Federal Energy Regulatory Commission (FERC)

, 116

Unstructured problems

, 177

US Federal Reserve

, 7–8

Value egalitarianism

, 60

Value imperative

, 144

Value judgment

, 84

Value pluralism

, 60

Value relevance

, 84

Value sensitivity

, 84

Virtue sense of responsibility

, 76–77

Wash trading

, 116

Wealth creation

, 41

Wealth maximization

, 41

Welfare justice

, 43

Wicked problems

, 111–112, 152, 154, 160, 179, 182

alternative design of MBA program

, 172–183

avoided in resolving

, 163–164

challenges in formulation

, 157–160

challenges in resolution

, 154–157

characterizing

, 160–163

comprehensive characterization

, 158–159

general morphological analysis

, 165–166

methodological criteria for dealing with

, 165

problem selection

, 186–187

redesigned MBA curriculum

, 173–175

structure of problems in free enterprise capitalism

, 149–152

synthesis of problems

, 169–171

theory of

, 147–187

tried and proven ways

, 167–168

unique features of redesigned MBA program

, 183–186

Wickedness

, 153–154

World Trading Organization (WTO)

, 44–45