Signatories

Details for Rutgers Business School, Newark and New Brunswick

Participant Status

Advanced

Type of Organization

Business School

Type of Education

Undergraduate, Post Graduate, Doctoral, Executive

Institution is part of

Rutgers University

Location

Newark, NJ, United States

Website

http://www.business.rutgers.edu

Sign Up Date to PRME

01 Nov 2017

Current Sharing Information on Progress Report Submission

Not Available

Letter of ​Commitment (2017)

View Letter

Achievements Curriculum Integration in the Field of Corporate Responsibility and Sustainability

Rutgers Business School (RBS) aspires to build a top national program, with significant global impact, that develops innovative business models and collaborative strategies to improve corporate sustainability and social impact.
• Position RBS as a catalyst, thought leader, and incubator for future corporate social innovation through curriculum design, research, and teaching.
• Create a vision and mission that is inspiring and inclusive, reflecting service to humanity, and is multi-disciplinary, pluralistic, and inclusive to all stakeholders.
• Promote/Develop live case teaching and action research in corporate social innovation and sustainability throughout RBS
• Commit to developing the next generation of leaders who have the self-awareness, the will, and the capacity to create interdisciplinary, creative/disruptive innovations that can drive sustainable enterprises which are financially, environmentally, and socially responsible.
• Disseminate the knowledge in social innovation via our research projects, case studies, publications, workshops, and conferences

To that end we have developed courses and curriculum in the following content areas:
Business Ethics; Doing Business in Emerging Markets; Creativity, Innovation, and Entrepreneurship; Non Profit Leadership; Urban Entrepreneurship & Economic Development; Social Entrepreneurship & Philanthropy; Supply Chain Environmental Management & Green Purchasing

And are working to develop courses in the following content areas:
• Corporate Social Innovation
• Sustainable Business Management
• Developing an Ethical Business Model
• Ecological and Behavioral Economics
• Social and Green Accounting

We have also developed extracurricular opportunities for students to engage in the areas of social responsibility and sustainability.

One area of recent success we have had is in the area of applied research and business plan capstone projects for students where they engage with a community non-profit or with a pressing social issue to develop a model for taking on the challenge. For example, a group of 4 RBS students recently claimed the Hult 2017 International Championship at the U.N. beating out 50,000 other global participants and securing $1 Million to develop their venture. The Hult Prize Challenge, which is also called the Nobel Student Prize (NYT, 5/7/2017), encourages college students from across the globe to dream up the most innovative ideas for sustainable start-up businesses that are capable of solving some of the world's biggest challenges. The RBS team detailed a compelling plan for electric-powered rickshaws offering refugees an affordable, hop-on, hop-off way of traveling to jobs, schools and hospitals. The team plans to pilot the system in Orangi Town, where an estimated 1.2 million people live within Pakistan’s port city of Karachi. RBS leadership plans to scale up the number of projects by incorporating social innovation team projects into the curriculum. These courses can be expanded to enroll more students and also offer options for students to work with non-profits or engage in a mission-driven entrepreneurial project (such as the Hult team). Annual or semiannual opportunities can be given to students, perhaps as the culmination of such a course, to ‘pitch’ their business or innovation idea to a panel of potential corporate sponsors.

RBS Executive Education is in the process of introducing a five day mini-MBA program called Mini-MBA: Sustainability-Aligned Leadership and Strategy kicking off Dec. 4-8, 2017. This Rutgers program is designed for business leaders and managers in every function—from manufacturing, operations, marketing, sales, HR, R&D, supply chain, and more—to enable them to take practical action toward achieving sustainability and business goals. Highly experiential, the program includes strategic approaches, global insights, and practical tools to evaluate financial and nonfinancial impacts and take practical action toward achieving sustainability and business goals.

Achievements Research Development in the Field of Corporate Responsibility and Sustainability

RBS is planning to develop executive roundtables on key topics in sustainability and social innovation with industry partners. Corporate Partner participant companies will meet with their peers along with Rutgers academics in a confidential, collaborative, supportive environment to collectively share and learn best practices in a wide range of sustainability-related areas. This initiative provides a unique opportunity for regionally and locally based companies across different industry sectors to share information and expertise on cutting-edge issues confronting sustainability management and operations. The Roundtables consist of a series of “learn by doing” action workshops.

RBS has been a national leader in organizing and delivering high-impact conferences in business education for academia, industry, and government. We plan to leverage the RBS infrastructure to launch national and international conferences in corporate social responsibility and innovation. Through such conferences, we can bring companies implementing best practices together with academic scholars in social innovation to share challenges and solutions, disseminate research and new business models, and create a bridge between the public and business communities, regionally, nationally, and globally. Examples of recent conferences are RBS-Innovations in Graduate Business Education (see WSJ, 9/9/2016) and the RBS-Federal Reserve Conference (see Reuters, NJBiz, October 2016).

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