{"id":7418,"date":"2017-08-01T14:55:39","date_gmt":"2017-08-01T12:55:39","guid":{"rendered":"http:\/\/www.munich-business-school.de\/insights\/?p=7418"},"modified":"2017-08-09T17:27:35","modified_gmt":"2017-08-09T15:27:35","slug":"management-education","status":"publish","type":"post","link":"https:\/\/www.munich-business-school.de\/insights\/en\/2017\/management-education\/","title":{"rendered":"Responsible Management Education in Practice (Part 1)"},"content":{"rendered":"

MBS Supports the Principles for Responsible Management Education (PRME)<\/h2>\n

As one of the first German business schools, as early as 2013, Munich Business School has declared their support for the Principles for Responsible Management Education<\/a> (PRME). The goal of this initiative, founded by the United Nations, is to anchor sustainable personality development at business schools across the globe \u2013 based on the UN\u2019s Sustainable Development Goals<\/a>. The members of the initiative regularly reveal their advances in public. And so they provide a joint \u201clearning community\u201c for universities throughout the entire world. In their latest SIP report<\/a> (Sharing Information on Progress), Munich Business School reveals their diverse activities in this field.<\/p>\n

„Do Good and Talk About It“ Is No Longer Enough<\/h3>\n

MBS Professor Dr. Christian Schmidkonz illustrated in a blog article<\/a> why the future must belong to \u201cConscious Business\u201c \u2013 entrepreneurship for the benefit of \u201cpeople, planet, and profit\u201c. MBS Professor and social entrepreneurship expert Dr. Barbara Scheck had a critical look at this subject<\/a> in a similar manner.<\/p>\n

\"MBS<\/a>
\u00a9 patpitchaya \u2013 iStock.com<\/figcaption><\/figure>\n

And in fact: Above all since the global financial crisis of 2007, the demand for social and responsible entrepreneurship has received even stronger attention in public awareness. Numerous violations of ethics and morals by corporations, for example the dieselgate affair concerning Volkswagen and other automobile manufacturers or the latest sexism scandal in the innovation forges of Silicon Valley show: It is about time for companies to change towards social and responsible behavior.<\/p>\n

For a long time, it was sufficient for companies to \u201cprove\u201c their corporate social responsibilitiy through more or less intrinsically motivated activities. The credibility of this demeanor, often conducted purely as \u201cgreenwashing\u201c \u2013 entirely in the spirit of the much quoted PR credo \u201cDo good and talk about it\u201c \u2013 is however increasingly fading away.<\/p>\n

In his thesis<\/a>, MBS Bachelor alumnus Ahmad Khudir dealt with the question of how CSR influences customer purchasing decisions: 21st century consumers are enlightened and well-informed, amongst others by the exchange in social media and the high degree of media transparency. They place value on ethically correct behavior by corporations whose products and services they purchase. After all, businesses today are viewed as important participants in societal life, which is also expressed in the concept of \u201cCorporate Citizenship\u201c, of corporations as citizens. This requires new thinking for corporations and new management models<\/a>.<\/p>\n

Tomorrow’s Businesses Have Already Put Sustainability on the Agenda Today<\/h3>\n

Modern entrepreneurs have recognized and understood this development. They establish so-called \u201csocial businesses\u201c, businesses striving to solve social and\/or ecological problems to an equal extent as achieving a commercial profit.<\/p>\n

One example is the company Fairphone, which manufactures mobile phones under fair labor and environmental conditions and uses raw materials traded in a fair and conflict-free manner. In this context we can think back to the Foxconn scandal, which landed Apple in a public relations crisis in 2010. Companies such as Fairphone show that such occurrences are preventable, if we just wish to prevent them.<\/p>\n

Further examples for increasing orientation towards corporate sustainability and responsibility are \u201cSocially Responsible Investing\u201c (SRI) and \u201cImpact Investing\u201c (IMPIN). These investment strategies build on investments in those businesses possessing a good balance between their corporate management and responsibility factors (MBS Professors Dr. Christian Schmidkonz and Dr. Wolfgang Zirus examined the concept of Impact Investing in more detail in a blog series<\/a>).<\/p>\n

So-called \u201cSocial Banks\u201c are gaining in popularity as well: They award credits transparently and exclusively to organizations whose corporate activities are based on sustainability \u2013 an important criterion for many consumers in times of falling levels of trust in banks (and their actors).<\/p>\n

We Are Committed to Principles of Responsible Entrepreneurship<\/h3>\n

As a modern business school, this means for us: It is not just our role to impart expert business administration knowledge to our students and convey methods to them to successfully apply this knowledge in practice; it is at least equally important to support our students in their development into responsible (business) personalities and to already sensitize them during their education for subjects such as sustainability and social responsibility. Only in this way can they succeed in their future careers \u2013 whether as a manager or as a founder \u2013 and above all: make a contribution to the world becoming a better place.<\/p>\n

\"MBS<\/a><\/p>\n

Logically responsible entrepreneurship is one of the main pillars of the academic education at Munich Business School. It is a part of our claim (\u201cInnovative \u2013 Responsible \u2013 Globally Minded\u201c) and of our vision and mission statements, and values<\/a> (more on this in the blog article \u201cWhat We Stand for, Where We Are Going: The New Vision, Mission and Values of Munich Business School\u201d<\/a>).<\/p>\n

Part 2: Entrepreneurial responsibility in MBS‘ research, curricula and extracurricular activities<\/a>
\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MBS Supports the Principles for Responsible Management Education (PRME) As one of the first German business schools, as early as 2013, Munich Business School has declared their support for the Principles for Responsible Management Education […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":7417,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10430,10432],"tags":[1683,5605,5090,5573,3702,1707,1973,5082],"coauthors":[2306],"class_list":["post-7418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archiv","category-archive","tag-corporate-social-responsibility","tag-management-education","tag-mission-en","tag-prme","tag-responsibility","tag-social-entrepreneurship","tag-sustainability","tag-values"],"yoast_head":"\nResponsible Management Education in Practice<\/title>\n<meta name=\"description\" content=\"As early as 2013, Munich Business 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