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Cranfield School of Management and

The Principles for Responsible Management Education

[PRME]

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Irresponsible Management Education?

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Today

• Context / Background • The Global Compact• Principles for Responsible Management

Education (PRME)• Comments from Participants• Some Questions and Discussion points• Feedback• Next Actions

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Ethics – CSR - Sustainability

• 1/3 of top 50 require all three• 84% at least one• Sustainability-related courses +• Student interest +• Experiential learning / immersion• Integration +• 5x ethics courses since 1988

Christensen et al (2007)

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Student Interest

• Net Impact (Students for Responsible Business)

• ‘‘to improve the world by growing and strengthening a network of new leaders who are using the power of business to make a positive net social, environmental, and economic impact”

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Student Interest @ Cranfield

• Net Impact

• Conferences

• Courses

• Talks

• Interest Groups

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Global Compact principles

1.Human Rights

2.Labour

3.Environment

4.Anti-Corruption

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Global compact principles

The United Nations Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment and anti-corruption. The principles are as follows:

– Human Rights• Principle 1 Businesses should support and respect the protection of

internationally proclaimed human rights; and• Principle 2 make sure that they are not complicit in human rights abuses.

– Labour• Principle 3 Businesses should uphold the freedom of association and the

effective recognition of the right to collective bargaining; • Principle 4 the elimination of all forms of forced and compulsory labour;• Principle 5 the effective abolition of child labour; and• Principle 6 the elimination of discrimination in respect of employment and

occupation.– Environment

• Principle 7 Businesses should support a precautionary approach to environmental challenges;

• Principle 8 undertake initiatives to promote greater environmental responsibility; and

• Principle 9 encourage the development and diffusion of environmentally friendly technologies.

– Anti-Corruption • Principle 10 Businesses should work against corruption in all its forms,

including extortion and bribery.

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The principles for responsible management education [PRME]

1. Purpose: develop capabilities of students 2. Values: global social responsibility 3. Method: enable effective learning experiences 4. Research: corporations in the creation of

sustainable social, environmental and economic value.

5. Partnership: extend knowledge of managers’ challenges & work jointly with them

6. Dialogue: facilitate and support dialogue

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The principles for responsible management educationAs institutions of higher learning involved in the education of current and future managers we are voluntarily committed to engaging in a continuous process of improvement of the following Principles and their application, reporting on progress to all our stakeholders and exchanging effective practices with other academic institutions:

Principle 1Purpose: We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy. Principle 2Values: We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.Principle 3Method: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership. Principle 4Research: We will engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.Principle 5Partnership: We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges. Principle 6Dialogue: We will facilitate and support dialogue and debate among educators, business, government, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.

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“We understand that our own organizational practices should serve as example of the

values and attitudes we convey to our students”

And …

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Approaches to Corporate Responsibility at Cranfield

• Theoretical

• Pragmatic

• Embedded

After Illingworth (2004)

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Cranfield Brand Statement

“Cranfield School of Management seeks to shape management futures by forging new business insights, developing responsible leaders, working essentially through relationships, and delivering business results.”

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BEFORE SOME QUESTIONS FOR EVERYONE

Comments, thoughts, reactions?

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• How can ‘CR’ become more than a fad or a fashion in Management Education?

• Having signed up - what does this mean to Cranfield?

• Do Cranfield ‘organizational practices … serve as example[s] of the [PRME] values and attitudes’?

• Is there ‘integration’ or embedding?

• How can we lead?

• Next Steps?

SOME QUESTIONS

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Cranfield School of Management and

The Principles for Responsible Management Education

[PRME]