Author: Owen Hogan
, Michael A. Kortt
and Michael B. Charles
Summary:
Australian business schools provide public universities with a reliable stream of revenue to cross-subsidise more expensive course offerings. Thus, the economic narrative views business schools as -˜cash cows’s. However, a competing narrative has emerged, which contests the legitimacy of business schools and their role as university -˜cash cows’s. This narrative contends that business schools should focus their efforts on maximising -˜public value’s. Using the analytical prism of -˜public value,’s this paper examines how business schools are attempting to gain legitimacy through international accreditation and the critical role that mission statements play in signalling a commitment to creating -˜public value’s.
