Andy Hoffman: It’s time for business schools to respond to a changing world

In a conversation with the HBS Institute for Business in Global Society (BiGS), Andy Hoffman, a BiGS climate fellow and professor of sustainable enterprise at the University of Michigan ‪@MichiganRoss‬ , discusses the imperative that business schools teach students to reimagine capitalism and become better stewards of the market and society. Hoffman outlines the flaws of shareholder capitalism, the need for curriculum and institutional changes to better prepare students for leadership in the 21st century, and his vision for a future in which business better serves people and the environment. Underlying Hoffman's research and hope for these future changes is that, despite business schools being slow to adapt, students are increasingly demanding that their business education focus on finding a deeper sense of purpose and fixing systemic problems in the market.

01:01 -- Who is Andy Hoffman and what is your research about?
02:31 -- What are your thoughts on shareholder capitalism?
04:06 -- What's the biggest problem facing business schools?
05:33 -- How can business schools reshape capitalism?
07:13 -- What obstacles stand in the way for business school reform?
08:48 -- How long will these changes take to implement?
09:36 -- How can business schools think about the future?
10:56 -- In your opinion, how are business schools addressing climate change?
12:30 -- Is capitalism working?
14:02 -- How do we teach future leaders?
14:50 -- What are the challenges to get students to think systemically?
15:55 -- Are you optimistic?
16:43 -- Are there examples of business schools currently making worthy changes?
17:23 -- How is Hoffman driving change through BIGS?