Jesuit Business Education Model: In Search of a New Role for the Firm Based on Sustainability and Dignity

  • Ricardo Aguado University of Deusto, Deusto Business School
  • Leire Alcañiz University of Deusto, Deusto Business school
  • José Luis Retolaza University of Deusto, Deusto Business School
  • Laura Albareda University of Deusto, Deusto Business School
Keywords: Ledesma-Kolvenbach model, social value monetization, humanistic management, Jesuit business education

Abstract

Abstract: Jesuit Universities have been training responsible professionals since the 16th century. Given this educational tradition, and in the face of the new challenges posed by the present-day social and economic situation, the Society of Jesus has started to implement the “Ledesma-Kol-venbach” educational paradigm in its higher education institutions. Instead of short-term profit maximization, the Ledesma-Kolvenbach model considers sustainability, human dignity and social well-being as key elements in business strategies. The objective of this paper is to propose a method capable of measuring the economic and social value generated by a firm managed in accordance with the four dimensions of the Ledes-ma-Kolvenbach model. The methodology is developed in three steps. In the first place, the authors explore the existing literature on the Ledes-ma-Kolvenbach model and its roots in Jesuit education. Secondly, they analyze the literature that studies the role of the firm from a neoclassical perspective, as well as other complementary or alternative approaches. In the third place, they present an empirical model that has already been tested in different organizations, designed to measure the social and economic value generated by firms. The main result of the paper is a method that can be used to measure the social and the economic value generated by firms, such that society, managers and public administrations have an operational tool to present and evaluate the economic and social performance of firms.

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Author Biographies

Ricardo Aguado, University of Deusto, Deusto Business School

Department of Economics, Assistant Professor

Leire Alcañiz, University of Deusto, Deusto Business school
Department of Finance and Accounting
José Luis Retolaza, University of Deusto, Deusto Business School
Research Fellow
Laura Albareda, University of Deusto, Deusto Business School
Assistant professor. Department of Strategy & Information systems
Published
2016-04-24
How to Cite
Aguado, R., Alcañiz, L., Retolaza, J. L., & Albareda, L. (2016). Jesuit Business Education Model: In Search of a New Role for the Firm Based on Sustainability and Dignity. Journal of Technology Management & Innovation, 11(1), 12-18. https://doi.org/10.4067/S0718-27242016000100003
Section
Research Articles