Elegido said this at his inaugural lecture titled ‘Can a Business Education Be Bad for your Character?’ delivered last Friday at the Lagos Business School, Pan-African University, Lagos.

Speaking to about 300 students, alumni and guests, he recounted some corporate scandals in the 21st century and the recent global financial crisis, and observed that students are liable leave business schools more self-centered than when they came in if not properly guided by their business schools.

He said the economic model of human beings used in teaching courses such as macroeconomics and finance, assumes that human beings seek to maximize their individual utility. “It can be expected that students who are repeatedly exposed to this model may accept it not just as a model, but as a valid description of human nature.

“Specifically, I think that many business schools fail to teach their students a more realistic picture of human nature which may help them to put in perspective the simplified models to which they are exposed in the course of their studies”.

Prof. Elegido advises business schools to introduce in their curriculum a course of Philosophical Anthropology to provide an understanding of human nature that goes beyond models.

In reading his citation, the Vice Chancellor, Prof. Albert Also, said Elegido had contributed greatly to the development of LBS from inception in 1991. In the early years of the School, Prof. Elegido taught courses in Taxation, Corporate Governance and Business Ethics.

Prof. Elegido’s approach to teaching business ethics has been highly appreciated by students and executives, and has contributed to building the LBS brand of professionalism and business ethics.

Press Contact:
Joan Egwuterai
Communications and External Relations
Lagos Business School
Pan-African University
Km 22 Lekki-Epe Expressway
Ajah, Lagos
Tel: 234-1-8991449, 7901510, 7740280 (ext.1105)
http://www.lbs.edu.ng