Financial Crisis Case Study

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Recommended: Main role of government in the economy

One of the reason can cause financial crisis is scandal. Last September, the news came out that the CEO of Volkswagen Matthias Müller used emissions-cheating software. In the article, Patrick McGee mention that “VW’s shares, which fell sharply after the emissions scandal, closed up almost 2 per cent at €124.8 on Tuesday. (2016)” The performance of senior managers can affect company’s finance. Business schools teach people how to become a good manager. However, business schools were not blame for the financial crisis. Business schools’ courses including three main points: business ethics and social issues, strategic management, business environment and public policy. This means that the students from business school should know about social responsibility and business ethics. They have knowledge about what they should do with their business. Moreover, they should take responsibility for what they do. We should not blame business schools for financial crisis.

For the course of strategic management, it uses …show more content…

James mentions, “Business schools have been - and still are - instilling business leaders with a corporate social responsibility (CSR) ethic”(2009). If people want long-term interests, we should to be socially sustainable through protect environment. Likewise, this course can help student know about the private sector’s effect on the public sector as well as the public’s effect on the private. Also, it explains how government promotes, regulates, and competes with private enterprise. Manager should have enough knowledge about public policy and business environment. They are not only make more profit, but also have responsibility for the public resources. When people have higher social status, they should take more response. It is fact that the rich people have more power than poor people in public policy. Consequently, their decisions in business have more influence for

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