Reimagining the Economy: A Reflection on Sustainable Business Frameworks During the Pandemic

A cooperative economy: a sustainable solution for an unstable system

During my time in lockdown isolation amidst the COVID-19 pandemic, I took a moment to reflect on the frameworks that I have been teaching MBA and executive students for many years. It became clear to me that in a world plagued by growing inequality, the dominance of a select few major platforms, ineffective economic policy, and the depletion of natural resources, our economic system was no longer adequate.

As I pondered the broken economic system and its consequences for society and the environment, it became apparent that changes were necessary to ensure a more equitable and sustainable future for all. The impacts of the pandemic, along with social unrest and the exploitation of our planet, highlighted the flaws in our current economic framework.

The system had allowed a small group of well-informed actors, such as Big Tech companies and their platforms, to manipulate it for their benefit while disregarding the well-being and prosperity of others. This realization led me to question how business school professors like myself could address these issues.

I considered the need for a shift in thinking and action. It was clear that current structures in place were unsustainable and harmful in the long run. It became necessary for me to reevaluate my approach to teaching MBA and executive students and find ways to incorporate more sustainable economic frameworks into my curriculum.

In conclusion, my time in lockdown isolation during the COVID-19 pandemic gave me a new perspective on our current economic system. I realized that change was necessary to ensure a more equitable and sustainable future for all. As a business school professor, I vowed to continue educating students about sustainable economic frameworks so they can contribute towards building a better world.

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