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.
Our academics are engaged in research across the business school which has a sustainable and inclusive focus. They work with industry partners on issues relating to global social responsibility and what is learned from this is incorporated into our teaching programmes, ensuring value for the triangle of academic staff, students and business partners.
A Business School where students, staff and industry partners work together in a socially responsible way:
- Students are encouraged to be socially responsible in their outlook and learn to be responsible citizens of a global community by practicing ethics and this is incorporated into class discussions throughout the business school.
- As part of the University’s consolidation activities in January 2017, Iain Mitchell from the University’s Widening Access Team and Dr Kostas Tomazos from the Department of Strategy and Organisation, with the help of local charities, organised the Strathclyde Business School Crowdfunding Challenge. Thanks to the students’ hard work and commitment £1300 was raised in less than 48 hours that the fundraising was live for. During the week, the students fundraised on behalf of a number of local charities.
- As part of SBS’s recognition of the United Nation Global Compact’s values of global social responsibility, a panel discussion led by Professor Michael Kelly was held on April 28 2016. The panel event – “An insight into SBS and UN thinking on Principles of Responsible Management Education” - began by strategically examining the background to SBS’s signatory of the UN Global Compact: Principles of Responsible Management Education (PRME) on May 4 2011 and its progress to date. The panel was chaired by Dr Andrea Coulson, as Head of SBS PRME Working Group and included Laura Davidson PRME Assistant Faculty Manager. The guest speaker Professor Michael Kelly is a local UN Global Compact champion, then Chair of the Living Foundation UK and former Director of Corporate Social Responsibility at KPMG. He has worked with the United Nations since the early 1990s, heading the UNEP Finance Initiative out of Geneva from 1998 to 2000 and strategically engaging in a number of UN social and environmental management programmes to date. Mike talked through the development of UN interest in social and environmental sustainability over the last few decades and outlined the opportunities for Strathclyde he sees resulting from engagement with the UN Global Compact and network of signatories to PRME. Mike has become an internal champion for PRME within SBS and liaison with other PRME signatories at a PRME Chapter level and internationally.
- Strathclyde Business School was ranked 28th in the top 40, 6th in the UK in The Better World MBA Ranking (formerly the Knight Schools ranking until 2012) which has a 13-year history of measuring the degree to which graduate business programmes integrate sustainability into the education of future business leaders. The ranking automatically includes all Financial Times’ top 100 schools plus all fulltime accredited general MBA programmes outside the FT who indicate they would like to be evaluated. The Better World MBA ranking is designed to help students and corporate leaders identify solid programmes that have the infrastructure to support sustainability skills and knowledge. The rules-based ranking also recognises those programmes which best prepare graduates to solve business problems that intersect with larger social problems, such as climate change and inequality.
- Centre for Financial Regulation and Innovation – CEFRI is charged with providing a bridge between cutting edge academic research in accounting and finance and policy regulation in financial markets. Strathclyde Business School has been particularly focused on shaping the financial ecosystem post the credit crisis in order to develop a more societal orientated capital system.
- Strathclyde graduate and Visiting Professor Sir Tom Hunter was recognised as one of the first 100 AACSB Influential Leaders at a prestigious ceremony in Chicago. AACSB International, the global accrediting body and membership association for business schools, made the announcement to acknowledge the contribution of graduates across the globe. Sir Tom’s work exemplifies the innovative mind-set and meaningful contributions to society that University of Strathclyde graduates display – whether they operate within large corporations, small businesses, or the non-profit sector. Since graduating, Sir Tom has gone on to become one of Scotland’s most successful businessmen and endowed the Hunter Centre for Entrepreneurship at Strathclyde. A businessman, serial entrepreneur, and philanthropist, Sir Tom’s foundation to date has invested in excess of £50 million into social causes. He was knighted in 2005 for services in entrepreneurship and philanthropy and was awarded the prestigious Carnegie Medal of Philanthropy in 2013.The Hunter Centre for Entrepreneurship, an academic department within Strathclyde Business School, is one of the most important social investments made by The Hunter Foundation.
- Professor Jonathan Levie organised the VIP Dragon’s Den event at the annual Strathclyde VIP (Vertically Integrated Projects) research conference, in which students pitch for research funding for projects that target Sustainable Development Goals. Students are required to estimate the potential impact reach and significance of their research.
- John Anderson, Head of SME Engagement at SBS, has joined the board of award-winning Homes for Good, established in 2013 to develop a portfolio of quality homes for people on low income and housing benefit who have limited choice in the housing market.
- For the academic year 2016/17, a number of the Marketing Works projects have a social and managerial responsibility angle to them alongside that of sustainability. One project is for a charitable organisation that is rooted in a small rural community, another two projects are tasked with rejuvenating an economically depressed rural area, a further project is for a social enterprise and the final one is for a firm that manufactures sustainable electrical fittings.
- A group of Strathclyde Business School Masters students took part in a project involving Scottish charity Friends of TS Queen Mary, developing a business plan which sets out how the ship will be commercially viable once re-activated. Friends of TS Queen Mary was formed in 2012 to safeguard the future of TS Queen Mary, the Clyde’s last and Britain’s finest turbine excursion steamer. As part of their Consulting in Practice (CiP) class, students worked collaboratively to develop a sustainable business plan for the ship to be used as an art and culture centre, welcoming schools and visitors interested in the Clyde’s shipbuilding and engineering history, as well as acting as a corporate event venue on the River Clyde.
- Dr Juliette Wilson (Marketing) presented a guest lecture to the Environmental Entrepreneurship Masters class Client-based environmental entrepreneurship in practice on sustainable consumption showcasing some of the research she is currently undertaking with Dr Niki Hynes, Curtin University, Perth, Australia.
- In the Marketing Department, Andrea Tonner incorporated a session on ethical and sustainable consumption into the MSc Contemporary Consumers class; and Kathy Hamilton incorporated sessions on Consumer Vulnerability, Consumers and Sharing and Consumer Resistances into the Honours ‘Advances in Consumer Behaviour’ class.
- The Social Marketing honours elective recognises we live in a world where understanding society and solving societal problems is more urgent than ever. Social Marketers have made many attempts to address these and other societal problems in the form of large-scale sustained campaigns. The Department of Marketing educates students using various marketing theoretical concepts and industry initiatives on influencing consumer behaviours for social good. The class equips students with the skills to develop a sustainable marketing plan in complex, unpredictable and vulnerable environments. The class highlights the need for students to be more aware of the social issues they are surrounded in and how they can make a positive impact in their day-to-day life activities.
- Students across the first year of study at the Business School were given a task based on the Millennium Development Goals (MDG) during their induction week in October 2015. As part of the task students were presented with the MDGs, asked to choose one and develop a poster on the ways that a company/ organisation of their choosing delivers impact on this goal. Groups were then asked to present their findings to a variety of organisations including Ernst & Young and Barclays.
- Dr Samuel Mwaura leads the Management Development Programme internship pathway where over 200 students learn about corporate social responsibility and are equipped with tools to evaluate social responsibility in the organisations in which they intern.
- The first year class ‘Entrepreneurship Theory and Practice’ incorporates a social and environmental entrepreneurship angle for students to better understand the social responsibility entrepreneurs have.
- Students put teaching into practice by arranging a number of charity events as part of a third year Events Management course, raising £6000 for local charities in the process. The Business School has challenged students in this way for the past four years and students last year were also required to present their event proposals to SECC/Hydro staff. In addition two groups worked with the University in planning and running the first Vertically Integrated Projects (VIP) Conference held in the University attended by the Principal Professor Sir Jim McDonald.