In “What Is Business’s Social Compact?” (January–February 1994), Bernard Avishai examines the nature of business’s social responsibility in a competitive environment that has superseded Adam Smith’s division of labor. The nature of work has undergone, and continues to undergo, a fundamental transformation. Today’s managers feel that a once clear separation between public and private sectors has broken down. More specifically, they are spending heavily on education and training and wondering if doing so is their responsibility.
Does business have an obligation not only to train its current employees but also to educate the workforce of the future? What form should business’s involvement in education take? According to Avishai, today’s learning organizations must be teaching organizations too. Managers must recognize their obligation to support such efforts and, given the revolutionary potential of the new information network, exploit their ability to profit from them.
View the full article by Harvard Business Review for more information on educating the workforce of the future.
Northwood University Partnership:
The Michigan Chamber has partnered with Northwood University to help educate future business leaders on Michigan’s business climate. This two-fold partnership offers a $1,000 scholarship for eligible Northwood University students and a free student membership to all enrolled Northwood students. View the Northwood University Partnership webpage for more information.