The Ethics of Student-Faculty Business Deals
The Akamai Corporation has meant big money for one Massachusetts Institute of Technology professor and one of his students. Back in 1995, Tom Leighton, a professor of applied mathematics at MIT, started playing around with ways to use complex algorithms to ease congestion on the Web. He enlisted several researchers, including one of his graduate students, Danny Lewin. At the time, they weren't thinking about starting a company. But Mr. Lewin, following the keen instincts of a cash-strapped graduate student, suggested they enter the project in the Sloan School's annual business-plan competition. They won the software category in the preliminary round and then entered the finals, where they finished among the top six.
Mr. Leighton and Mr. Lewin were still interested in the technology mainly as an academic exercise, but the possibility that their work could have real-world applications pulled them inevitably into business. They launched Akamai Technologies Inc. in the fall of 1998, and took it public the following October. Opening day saw the stock soar from $26 a share to more than $145, giving the company a day-one market cap of $13.13 billion.
This sounds like a great business venture, but there still is a small problem. Mr. Lewin was one of Mr. Leighton's students when they formed the Akamai Company. This brings about the moral question of the case. Should students and professors be allowed to start companies together? Although there is no clear answer, there is widespread agreement among administrators that schools need to address the question. As a result, many M.B.A. programs are in the process of reviewing and, in many cases, implementing policies and guidelines governing student-professor business collaborations. The burden of this moral question falls mostly on professors since student is not an establish profession and thereby has no formal code of ethics.
On one side of the issue are those who point to ethical considerations and insist that schools can't tolerate the possibility that students may perceive any conflict of interest on the part of a professor. On the other side are those who've invested substantial time and money in a business-school education specifically to gain access to professors. These people don’t want to consider any restriction on their ability to conduct their business lives as they see fit. Caught in the middle are administrators, who must protect their schools' academic integrity while trying to accommodate students and faculty alike.
I agree with Schmeltekopf, since ethics are an overwhelming issue in today 's business world. Since the understudies are not being told into how to suitably oversee issues and conditions ethically. I don 't assume that its reasonable business universities coming up short here however in light of the fact that paying little personality to a people picked calling there are moral issues that will rise and with everything taken into account our overall population isn 't all around organized to oversee them.
While all institutions of higher education have strict policies that explicitly forbid student-faculty relationships, it is a well-known fact that they nevertheless happen. At what frequency is uncertain due to privacy and legal concerns, however, 14% of student participants in a CollegeStats.org survey reported to have hookup with either a professor or TA. The obvious power dynamic in these relationships makes an inquiry all the more
The Complex Structure of Higher Education. The university is a complex organization. Baldridge, Curtis, Ecker and Riley (1982) found that colleges and universities have characteristics that distinguish them from private enterprises as well as other government organizations. They describe the higher education environment as one where resources allow individuals within the organization room to grow in different directions without the tight restraints seen in other types of environments. They go on to describe the role of the president and other university leaders as catalysts or facilitators rather than the “my way or the highway” mentality of some private CEOs. Baldridge et al. describe this environment as “organized anarchy” where this facilitation role, also described as collegial decision making, leads to an environment where decisions “happen” rather than are “made.” Politically, this environment tends to be mostly inactive with very fluid, fragmented participation. The president assumes the role as “first among equals”, a mediator between power blocs on campus. This is very different in all but a few private corporations.
a.k.a. a.k Web. The Web. The Web. 16 Apr. Foner, Eric, and John A. Garraty.
...6. Fisher Center for Information Technology & Management, University of California in Berkeley. June 1995
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
I have chosen the business profession topic of higher education administration. I am extremely familiar with this profession; as it is the job that I currently hold. There is a plethora of different activities and task that are dealt with on a daily basis within this profession. Some of these items consist of assisting both full and part time staff and faculty, maintaining order within budgets and finance, including all purchase orders and check requests, facilitating student awards, including scholarships, staffing and training within the department, as well as dealing with public policy and laws within the college. It is immensely obvious that this job would keep anyone busy. This alone is one of the reasons I love this profession so much. Each day brings something new, and important group of items to accomplish. Anyone who holds this job, would go into work everyday knowing that the tasks that they are about to perform, will create a difference to not only to the departments and its students, but will also make a difference within the entire college. This person alone has the responsibility of making ethical decisions every single day as well as watching out for others who may need help being pointed in the proper ethical direction based on their knowledge of the school’s ethics plans that have been put in place. If someone were unaware of the ethical standards in this profession, there is a lot of room for things to head in a corrupt direction rather quickly.
Akamai Technologies, Inc. is an organization which delivers the content over the Internet. It is one of the largest organizations which provide the distributive Computing Platforms; it provides a cloud based services to the end user. It serves 30% of the overall web traffic. Akamai provided numbers of servers which are located all over the globe and stores the web application of the clients. It provides a faster access to those applications because of the distributive contents in to various servers around the world. Akamai does not want the long routes to it distributed the data based on the locations, it works as like a work or a task which is not possible to be completed by a single persons is divided in to multiple process or threats or assign to teams to complete their individual part, so that task can be complete faster, in the same way the contents are stored at different servers based on their access mechanism.
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
In 1994, Marc Anderseen invented a new way to search and retrieve information from the Internet: the Netscape Navigator. Netscape’s rising sales and the phenomenal growth of the Internet make its shares go through the roof and even before the Company had any profit; it was valued at $2.7 billion. However, the scenario didn’t go that well for so long and a very powerful and ambitious man came into the picture. Bill Gates put 2,000 of his best programmers to create a browser of his own: The Explorer. The battle of the browsers officially started; Microsoft’s share of the browser market increased from 2.9 percent at the end of 1995 to more than 40 percent by the end of 1997, while Netscape’s market share fell to 54 percent.
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.
The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices.
Tech Innovation Daily -. N.p., 01 Apr. 2013. The. Web. The Web. The Web. 11 Mar. 2014.
As industry liaison at the School of EEE at NTU, I facilitate industry partnerships and promote entrepreneurship within the school. In the coming months, we will be launching an entrepreneurship ...
Dollonger, M. J. (2002). A framework for Entreprenership. In M. J. Dollonger, Entrepreneurship strategies and Resources (pp. 5-6). New Jersey.