Wednesday, February 6, 2013

Another Reason Why Business Schools Should Teach History

Self Fulfilling Prophesies Work Both Ways

If you expect a positive outcome, you are on the right track. If you expect a negative outcome, you'll be subconsciously influencing that result as well.

Today's high school and college students have yet to experience a healthy economy.  They're used to hearing about fiscal cliffs, high unemployment, a tough job market, belt tightening, outsourcing, etc.  Has this become their self-fulfilling prophecy because that's what they've come to expect?  Let's hope it's not engrained in their muscle memory.

I believe that a holistic business curriculum can foster their positive self fulfilling prophecy? If we teach business students about the history of the cycles our economy has traversed, they'll be better equipped to believe that they can influence future good times.

If we can create positive self-fulfilling prophecies in these future leaders, they will be wanting to innovate, undertake risk, invest, etc.  They will have a positive, enthusiastic attitude and will enjoy their careers.  And they'll get our economy back on track for the long term.


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