MBA Careers Pack Social Impact as Schools Hone Corporate Responsibility
Tuesday, April 28, 2015
The role of business in society has never been greater. The case for corporate responsibility strategies like product innovation, resource efficiency and diverse workforces grows ever stronger.
But where demands on businesses to take responsibility for society and the environment was once the preserve of a minority, today leaders are keen to become mindful managers.
Future business leaders are demanding an education that prepares them for grappling with the intersection of business, government and society, according to Jim Moore, managing director of the Business, Society, and Public Policy Initiative at Georgetown’s McDonough School of Business.
He argues that this is not just an altruistic sentiment but a critical part of the formula for business success.
The traditional notion of corporate responsibility is fast becoming outdated as companies refer to more innovative means to make an impact – disaster relief, global development and impact investment funds are a few common themes.
The barriers between public and private sectors are increasingly blurred. Companies are working with business schools, government and civil society to promote responsible business.