Outcomes of the 2011 PRME Summit Roundtable Discussions (7-8 June 2011)

Roundtables discussed 3 key challenges to implementing a Principle and how to overcome them?

Plenary 1: PRME Principle 1- Purpose: 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.

Keynote: Nick Main, Global Managing Director, Sustainability and Climate Change Services, Deloitte Touche Tohmatsu Limited

Panelists:

  1. Carlo Gallucci, ESADE’s International Deputy Director General
  2. Katrin Muff, Dean, Business School Lausanne
  3. Kai Peters, Chief Executive, Ashridge
  4. Michael Powell, Pro-Vice Chancellor (Business), Griffith University

Moderator:Mark Drewell, Chief Executive GRLI

Principle 1 - Purpose: Challenge

  • Differing views/understanding/definitions/interpretationsstudents : professors, cross culturally, etc. (e.g.cultural relativism vs. absolutism; technical and/or generational gaps; what is private property in cyber space? Policy issues across different parts of the world)
  • Is a universal definition possible? Contextual interpretations?
  • Addressing tradeoffs and dilemmas (culture, technique(s) to find answer(s), complexity of issues)
  • Understanding/recognizing the complexity of the issues
  • Determining what is “right”
  • How to define purpose in large terms
  • Overwhelming scale of the challenge
  • Alignment between business schools and business
  • How to meaningfully politicize the challenge/the business role
  • How to convey the role/importance of CSR/sustainability need to build credibility/legitimacy
  • Idea of sustainability undermining capitalism
  • Existing relationship between the market and regulation
  • Existing approach/framework/curricula/mentality of b-schools
  • How unlearn? How adopt new approach?
  • Schools/programs don’t really have the difficult, thought provoking discussions about values, etc.
  • Vested interest(s)
  • Hard to meet expectations given current parameters
  • Challenge of creating educational content
  • Internal tensions, how to prioritize
  • Internal b-school/university/program debate over whether sustainability is an appropriate focus
  • Integration into all levels of education, basic  higher  graduate
  • Challenge of reorienting perspective: shareholder value to societal value
  • Faculty have to be (re)trained before than can teach about “new” issues/topics
  • Faculty development, including leadership – practical experience preferred = challenge to hiring
  • Faculty may be uncooperative
  • Need for sense of individual responsibility = How to awaken intrinsic motivation?
  • Need champion
  • Homogeneity – of teaching materials, journals, political agendas – (e.g. where is the space for feminist economics? e.g. economic text books often based in neo-classical thinking/framing = difficult to incorporate alternative thoughts) o How to integrate CSR into each course (marketing, HR, FINANCE…)?
  • Making it practical/relevant for students’ aspirations/ personal agendas
  • How to measure the success of implementation? to prove credibility
  • How to best demonstrate/package what has been done/tangible progress made?
  • Federating people around the cause
  • How involve students?
  • Some industries (like tobacco, tourism) would be classified as non-CSR-friendly and would require resources, efforts and time to engage in responsibility-related activities = TIME
  • How do students take lessons from the classroom and implement them in the organization?
  • How to become activists in organizations that don’t want to hear/are not yet ready for this change?
  • If their values are misaligned, what options are there other than to leave the org?
  • Bridging gap between student experience (theories) and reality – the economic lessons taught do not necessarily align with sustainability goals
  • Prevent PRME from becoming wishful thinking

Principle 1 - Purpose: How to overcome challenge

  • Role modeling = “walk the walk,” “practice what preach,” start at home with campus, professor/leadership behavior
  • Incorporate Principles/role of business in society into vision/mission of school
  • Champion can be any stakeholder group
  • Leverage existing enthusiasm
  • Want commitment of doers, not just talkers (less rhetoric, more action)
  • Committed/open minded/enthusiastic/inspiring dean = role model to guide faculty, not just notify
  • In-classroom discussion (practitioners and students) and other student experience creates champions
  • Provide space for students (Net Impact, etc.) to challenge/influence faculty – ex/ with project topic choice (bottom up)
  • Dialogue with students regarding “What is sustainability?”
  • Group work/collaboration, including students
  • Engage variety of stakeholders (inside and outside of school), including students, alumni, faculty, corporations, NGOs and embed them within the curriculum
  • Create steering committee to bring stakeholders together (staff, faculty, students, business)
  • Contribute/participate in social institutions and politics = get involved, be the (social) change
  • Create reward systems
  • Possible to motivate/win over faculty through exposure (conference speaking/presenting/attending, funding of research and other academic activities)
  • Accreditation requirements can be used to reinforce activity
  • Prevent PRME from becoming wishful thinking by advocating patient, long term, slow-but-steady commitment approach = not flash in the pan issue anyway “Give the dollar and save the beggar” = take steps now rather than worrying too much about whole project
  • Have the intention to create planet-minded leaders
  • Start by introducing sustainability/CSR as early as possible
  • Contextual sustainability training within curricula
  • Creating space for change in paradigms, culture of openness for alternatives, new imagery
  • Change curriculum/program approach/teachings to incorporate non-mainstream/”alternative” theories
  • Taking the approach of explicitly training/developing socially responsible persons, no matter what specific discipline we train or educate them in
  • Engage faculty and challenge them to include new CSR/sustainability topics into their courses
  • Create appropriate teacher training
  • Explaining/teaching the relevance/importance of sustainability
  • Need to go beyond the business case
  • Teach that it’s OK to care about more than bottom line – celebrate passion!
  • Work/make effort to improve syllabi
  • Highlight mistakes, not just successes = teaching decision making, approaching complex dilemmas
  • To prepare students for a potentially challenging workplace, need to teach more complex thinking/challenging students to think about the hard questions
  • Educate students not only about compliance – create opportunities for creativity and innovation
  • Create toolkits/better selection of teaching materials (video, case studies, best practices)
  • Experiential learning
  • Guest lectures = share ideas  engage alumni (can help teach both students and professors)
  • Build business cases to discuss the “why” examples
  • Projects and internships with reporting of experience related to CSR/sustainability
  • Show placements opportunities
  • Relevance – encourage student voice, personal experience and aspirations
  • Not just focus on MNCs but also SMEs, NGOs
  • Link the impact on profitability
  • Measuring success – through longitudinal studies
  • Work with companies on taking long-term perspective (not just focus on investors/shareholders)
  • Blue ocean strategy

Plenary 2: PRME Principle 2 - Values: 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

Keynote: Josef Winter, Siemens AG, Chief Compliance Office - The Business Case against Corruption

Panelists:

  1. Mathias Kleinhempel, IAE Business School, Argentina
  2. Lydia Price, Associate Dean, MBA Director, CEIBS, China
  3. Thomas Dyllick,Vice President, University of St Gallen, Switzerland
  4. Alain Lempereur, Business and Peace Working Group

Moderator:Jonas Haertle, Head of PRME Secretariat

Principle 2 - Values: Challenge

  • Need to investigate the values that underpin sustainability = practical tools on how to apply values
  • Lack of willingness to investigate personal values as faculty member
  • Scattered approach across all levels = need better program integration across institute/school
  • Existing values measurement reveals values driven approach results in higher performance
  • Leadership? CEO?
  • Convincing faculty the value of values = present cases
  • Finding the appropriate motivational leader
  • Checking for feedback = make room/establish known channels for dialogue
  • No absolute answers = need to create space to continuously discuss complicated moral dilemmas
  • Shifting frameworks are gradual, like societal norms = may be helpful to get non-business/old school-minded guest lectures, case studies to learn from and innovate on
  • Who/how decide what is acceptable?
  • Many competing pressures on curricula – how to find a balance?
  • Need to train academic staff in practical ways
  • False assumption that there is one agreed upon set of values and standard interpretations
  • Existing MBA/business incentives are based upon financial interests
  • Getting CSR values in the curriculum
  • Need resources for faculty, need champion, long term view
  • How do you involve faculty and change their habits/convince them? Compulsory vs. voluntary
  • Problem of cherry-picking issues
  • What must be done to ensure integration? How far to take the integration?
  • How bring CSR/sustainability into individual research agendas?
  • How educate “universal” values in a diverse world with different cultures/legislation  relativism trap
  • How to sensitize professors to the fact that the principles do make a difference? = good leadership from the Dean
  • Need interdisciplinary/holistic approach and an understanding of one’s own sphere of influence
  • Business-government-society axis, but students not taught about legislative context
  • Challenges of implementation , lack of trained/interested/committed faculty
  • Resource allocation, faculty development and motivation
  • Importance of curriculum vs. learning environment
  • How help faculty integrate CSR/sustainability/values into individual subject material, and how to put it into action?
  • While there is more opportunity to move from teaching theory to practice, there is still reluctance of faculty, academic leadership, and validating bodies to move toward new criteria

Principle 2 - Values: How to overcome challenge

  • = need practical tools on how to apply values
  • = need better program integration across institute/school
  • To win over faculty, present cases from business, PRME signatories, successful motivating examples
  • Strong leadership via respected champion to organize process and garner support
  • Ensure feedback by making room/establish known channels for dialogue
  • Sharing and communicating better, reinforces and clarifies values
  • Establish means of learning through behavior, practice doing, not just acquiring knowledge
  • Transparency, sustainability, critical thinking, diversity, integrity, innovation
  • No absolute answers = need to create space to continuously discuss complicated moral dilemmas
  • Emphasize the achievable
  • Make it real through case studies and on-site visits/internships
  • To create relevant education, include students in process of topic choice
  • Shifting frameworks are gradual, like societal norms = may be helpful to get non-business/old school-minded guest lectures, case studies to learn from and innovate on
  • Students can create future social norms = work collaboratively to teach/learn “right” thing to do
  • To change curricula, integrate values into existing and new lectures, create new/specific modules and other teaching materials – toolkits
  • Train faculty through case studies and concrete examples – helpful if companies are on board
  • Explicit expression of values = agree to/overtly state the talk that you plan to walk
  • Provide opportunity for dialogue in classroom to discuss/reconcile differing views
  • To successfully confront ethical issues/dilemmas, help students to develop skills to act upon values
  • Need to incorporate CSR values into key courses, bring in lecturers from outside
  • To win over faculty, get them involved  forum discussions, practical activities/examples
  • Need theorypractice transfer = applicable course material including case studies
  • To inspire sustainability-inclusive research, need to improve the acceptability of broader-based research and publications = not just A-journals
  • Demonstrate and model behavior from within the business school setting
  • “Make a stand” – annually reaffirm (with signature), anti-plagiarism, etc. = helps to incorporate future life values when sign off on accounts, etc. = personal modeling of appropriate behavior/ responsibility
  • Create awareness about the real value of ethical behavior
  • Introduce move “game theory” exercises to make “dilemmas” more operational
  • Expose students to real cases
  • Bring alive “scary stories”
  • How sensitize professors to fact that the principles do make a difference? = good leadership (Dean)
  • Clarify/expose existing values (in b-school, big biz, personal ambition), and question relevance – profit maximization, growth, competitiveness, personal ambition and look beyond MNCs to SMEs, social enterprise, coops, family firms, public sector, NGOs
  • Help students build the confidence to talk about values while at school
  • Need interdisciplinary/holistic approach and an understanding of one’s own sphere of influence
  • Sustainability/CSR/business ethics should be a requisite course in all programs, in addition to marketing/finance/strategy
  • B-schools should act with integrity (i.e. expel students for cheating/plagiarism)
  • Include coursework/education about legislation, challenge existing perceptions that governments play no role; recent market failures have turned orthodoxy upside down
  • Need to develop global leaders  Context, Complexity, Connectedness as skill framework for b-school curricula  students NEED first-hand exposure/engagement with a variety of stakeholders
  • Need to teach complexity, can’t just cherry pick the challenges of real life
  • Need facilitate learning, not “pure” teaching
  • Need to create incentive systems for incorporating values into curricula
  • Engage academics and students in the practical challenges of change, in collaboration with corps
  • Making the “right” decision is a personal decision that needs support through academic mentorship
  • Integrate horizontally, not just across curriculum, but also extra-curriculars and get all stakeholders involved (students, faculty, administration, alumni, corporations, etc.)

Plenary 3: PRME Principle 3 – Methods: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership

Keynote: Olivier Marquet, Chief Executive, Triodos BankBelgium

Panelists:

  1. Elaine Rumboll, Director of Executive Education GSB, UCT Cape Town, SA
  2. Jonathan Gosling, Director, University of Exeter
  3. Maurits van Rooijen FRSA, Rector Magnificus and CEO, Nyenrode Business School
  4. Anthony Buono, Professor and Coordinator, Alliance for E&SR, Bentley University

Moderator: Michael Powell,Pro-Vice Chancellor (Business), Griffith University

Principle 3 - Methods: Challenge

  • How integrate Principles into curriculum and engage faculty members?
  • What specific methods will get students to question these issues? Are case studies enough?
  • Need better definition/differentiation of beliefs, assumptions, facts
  • Need more examples of quality materials to use in teaching sustainability, CSR, and other PRME-related areas
  • Building time into existing curricula to focus on PRME area and making them part of the core, rather than simply the fringe
  • Existing accreditation framework
  • Need to embed the Principles within core business strategy, not just core curriculum
  • Need better integration of existing relevant parts of patchwork = strategy
  • How collaborate, create, and share effective case studies/lessons learned?
  • Pre-program expectations of students?
  • How support teamwork?
  • How make urgency durable? Managing energy and attention
  • How measure outcomes, successes?
  • How commit faculty to curricular change?
  • Ability to unlearn?
  • Need to clarify/agree upon assumptions
  • How to develop self-awareness, integrity, recognition of leadership/role as leader
  • Need universal analysis of current situation and agreement why status quo is not sustainable
  • Break out of the hegemony of the MNC  They are a small proportion of the organizational forms relevant, and b-schools/students/professors should stop worshipping them = need more realistic approach to organizational responsibility
  • Need better alignment between different accreditation agencies
  • There is no one-size-fits-all when it comes to curriculum implementation = customization is important
  • Need supportive teaching material (articles, case studies, books, guest lectures, etc.) = availability?
  • Tension between normative approach and critical (unlearning, questioning, dilemmas)
  • New pedagogical methods may not be consistent with how faculty are trained – how to “let go”
  • Change, challenge, and relearn conceptual models and assumptions

Principle 3 - Methods: How to overcome challenge

  • Need to teach more critical thinking (training both staff and students)
  • Need acceptance and sharing of alternative research areas and credit for innovative pedagogical development for use in teaching
  • Although issues may already exist within the curriculum, the link between Principle issues and other topics need to be explicitly linked = use language that will create change
  • Accreditation agencies need to focus on “important” newer issues and provide incentives = embrace role as leaders/change inducers
  • Invite other stakeholders into teaching/education environment – entrepreneurs, business, gov’t, etc. to provide case studies from the real world/visible outcomes/application/functionality
  • PRME to serve as forum/learning platform, encouraging collaboration and exchange of best practices identified by signatories  challenge in disseminating effective actions
  • Experiential learning
  • Need more co-creation of educational tools, by all stakeholders
  • Faculty needs to develop new skills and recognition of self-awareness, role as leaders
  • Join forces with consulting firms and other influential stakeholders of business schools
  • Set the “right” expectations of students from the very beginning, helping them remain open to change
  • Commit school/program/faculty early and then learn by doing
  • Co-teaching across disciplines can help integrate different/new pedagogical approaches, train faculty and students at the same time
  • Need motivating stories/examples for students
  • Good role modeling by professors, guest lecturers
  • Create training programs for academic staff – sharing knowledge and solidifying legitimacy
  • Reframe as zeitgeist  value proposition for business to form relationship with b-schools
  • Create an exploratory/curious student culture = convince students the value of (continuous) learning
  • Possible to change grading methods? Swap exams for reflective sessions
  • Small changes/trial classes/models  not huge paradigm shift
  • Conferences and inspiring speakers

Plenary 4: Principle 4 – Research: 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