Podcast
Questions and Answers
Which of these is NOT a reason why Occupy Wall Street organized a walkout of the EC10 class at Harvard University?
Which of these is NOT a reason why Occupy Wall Street organized a walkout of the EC10 class at Harvard University?
- They disagreed with the teaching methods of Professor Gregory Mankiw. (correct)
- They wanted to see more emphasis on the social responsibility of businesses in the curriculum.
- They believed that the economics curriculum needed updating.
- They felt that the course was too theoretical and not practical enough.
What is the main argument being made by Professor Martin Parker in his book, 'Why We Should Bulldoze the Business School' ?
What is the main argument being made by Professor Martin Parker in his book, 'Why We Should Bulldoze the Business School' ?
- Business schools should focus more on teaching students how to organize businesses differently.
- Business schools are failing to teach students about the social responsibility of businesses.
- Business schools are not providing students with the necessary skills to succeed in the modern business environment.
- Business schools are too focused on teaching students about capitalism, without considering alternative economic models. (correct)
Which of these is NOT mentioned as part of the 'hidden curriculum' in business schools mentioned in the content?
Which of these is NOT mentioned as part of the 'hidden curriculum' in business schools mentioned in the content?
- Marketing
- Operations/logistics
- Entrepreneurship
- Law (correct)
According to the content, what is the real point of education?
According to the content, what is the real point of education?
What is the main reason for the shift in focus from enriching people's lives to job readiness training in schools?
What is the main reason for the shift in focus from enriching people's lives to job readiness training in schools?
What is the significance of the Batavia Industrial Center (BIC) in relation to the content?
What is the significance of the Batavia Industrial Center (BIC) in relation to the content?
Which of these is NOT a reason why there haven't been any walkouts from MBA programs?
Which of these is NOT a reason why there haven't been any walkouts from MBA programs?
What is the main message conveyed by the statement that the private sector externalizes costs of job training onto public schools?
What is the main message conveyed by the statement that the private sector externalizes costs of job training onto public schools?
What is the main difference between the 'hidden curriculum' and the explicitly taught curriculum in business schools?
What is the main difference between the 'hidden curriculum' and the explicitly taught curriculum in business schools?
Which of these is NOT a topic typically covered in the 'hidden curriculum' of business schools?
Which of these is NOT a topic typically covered in the 'hidden curriculum' of business schools?
What was the outcome of many businesses incubated by Catalyst Ventures?
What was the outcome of many businesses incubated by Catalyst Ventures?
What is a significant financial conflict of interest faced by startup incubators?
What is a significant financial conflict of interest faced by startup incubators?
Who is considered a pioneer of the high-tech incubator?
Who is considered a pioneer of the high-tech incubator?
What did Paul Graham mean when he referred to himself as a 'manufacturer of economic inequality'?
What did Paul Graham mean when he referred to himself as a 'manufacturer of economic inequality'?
What is one way that business schools demonstrate a similar conflict of interest to incubators?
What is one way that business schools demonstrate a similar conflict of interest to incubators?
What was a primary goal of the startups incubated by Catalyst Ventures?
What was a primary goal of the startups incubated by Catalyst Ventures?
How many jobs did the BIC generate in the 1990s?
How many jobs did the BIC generate in the 1990s?
What type of firms does Paul Graham's Y Combinator primarily support?
What type of firms does Paul Graham's Y Combinator primarily support?
What is a common characteristic of the teachings in startup incubators?
What is a common characteristic of the teachings in startup incubators?
What role did Catalyst Ventures play for Nolan Bushnell?
What role did Catalyst Ventures play for Nolan Bushnell?
Flashcards
Startup Incubators
Startup Incubators
Organizations that support the growth of startups through mentorship and resources.
High-Tech Incubators
High-Tech Incubators
Incubators focused on technology-driven startups and innovations.
Nolan Bushnell
Nolan Bushnell
Founder of Atari and pioneer of high-tech incubators with Catalyst Ventures.
Catalyst Ventures
Catalyst Ventures
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Investment Vehicle
Investment Vehicle
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Equity in Startups
Equity in Startups
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Financial Conflict of Interest
Financial Conflict of Interest
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Tech Startups
Tech Startups
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Business Schools' Role
Business Schools' Role
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Paul Graham
Paul Graham
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Democracy and Education
Democracy and Education
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Shift to Job Readiness
Shift to Job Readiness
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Human Interaction in Education
Human Interaction in Education
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EC10 Walkout
EC10 Walkout
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Rethinking Economics
Rethinking Economics
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Hidden Curriculum
Hidden Curriculum
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Batavia Industrial Center
Batavia Industrial Center
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Post Crash Economics Society
Post Crash Economics Society
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Occupy Wall Street
Occupy Wall Street
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Study Notes
Business Education
- Business education is crucial for a functioning democracy, but is increasingly focused on job readiness instead of enriching lives.
- Private sector externalizes job training costs onto public schools, but human interaction is vital.
Business Schools
- EC10 walkout at Harvard, led by protesting students demanding a more relevant curriculum in economics.
- Students formed Rethinking Economics and Post Crash Economics Society to address shortcomings in their curriculum.
- Question of walkouts from MBA programs was raised.
- Capitalism is assumed to have surpassed other models in economic thought, and students learn how businesses are structured in detail, not how they could be improved.
- Business schools' hidden curriculum emphasizes areas like accounting, finance, MIS, operations, and business ethics.
- CSR (Corporate Social Responsibility) is a taught element within the business curriculum.
Startup Incubators
- Batavia Industrial Center (BIC) was created by the Mancuso family to revive the local community, and attracted new businesses.
- Mount Hope Hatchery moved to the BIC, incubating businesses, not just poultry.
- BIC generated approximately 5,000 new jobs in the 1990s.
- High-tech incubators, such as Catalyst Ventures, were founded by Nolan Bushnell after he sold Atari.
- The goal of high-tech incubators is to "churn out" businesses, and they focus on startups being acquired to be successful.
- Not all ventures were profitable but the model was successful as long as startups were acquired.
Conflict of Interest
- Startup ecosystems often face financial conflicts of interest where incubators often take equity stakes in the startups they support.
- Incubators are frequently profiled as "business educators", focusing on venture capital and exits.
- Business schools also experience a similar conflict of interest with large schools focusing on endowments, smaller schools on subsidies.
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