This article discusses the use of Bloom's taxonomy as a metacognitive framework for the student-centered management class, or what contemporary education researchers call scaffolding. The taxonomy is a six-level classification system that uses observed student behavior to infer the level of cognitive achievement. The article surveys thinking within general education and within management education, which draws on Bloom's taxonomy, and then describes suggested uses of the taxonomy. Empirical evaluation of its effect on student achievement follows, as do thoughts about ways colleagues might use this tool to empower their management students as self-responsible learners in the classroom. . We thank Bill McKeachie for his advice and encouragement and, along with him, Ben Massey-academics whose contributions serve as reminders of the rich and useful worlds beyond our specialty areas. We also thank two anonymous reviewers for their constructive advice, support, and patience. Each author's contributions were equally important to this research.
Kluckhohn and Strodtbeck were anthropologists who developed a culture values orientation theory that looks at culture as a collective response to six problems all societies encounter.
Accounting follows different patterns in different parts of the world, in part due to cultural differences. There are now two main accounting standards in the global arena. The private organization that establishes accounting standards in the United States is the Financial Accounting Standards Board (FSAB). The FASB's standards are the United States generally accepted accounting principles. The international body is the IASB, whose standards are the International Financial Reporting Standards (IFRS). There is a harmonization process underway that made initial progress but has recently slowed. Standardization would mean substantial cost reductions for companies and better information for everyone.
Increasingly, companies have made efforts to report on their environmental, social, and financial results. This reporting framework has been termed
triple bottom line (3BL)
.
The discipline of international management has developed within the domain of international business. There are several ways the discipline is structured within business schools. The pedagogy of international management has several directions, as well, and is evolving.
Finance is broadly understood to be concerned with the management of money and is divided into three areas, personal, corporate, and public. International finance becomes complex because of major external financial forces that vary among countries, such as fluctuating currency values, currency exchange controls, taxation, inflation, and interest rates. Firms encounter these forces as they move money across national borders.
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