How Can Business Educators Make a Difference at Home & Around the Globe. Sustaining Impact Education

Transcription

1 How Can Business Educators Make a Difference at Home & Around the Globe Sustaining Impact Education

2 Session Agenda 8:00 8:15 Breakfast, Networking & Table Discussions of Quote 8:15-8:20 Report Back 8:20 8:25 Welcome & Introduction from GBSN and CEMs Why is this topic important? 8:25 9:00 Brief Presentations from Innovative Projects OR Research Krisitana Raube, Haas School of Business, UC Berkeley Lisa Jones Christensen, UNC Kenan-Flagler Business School Olawale Ajal, Lagos Business School Veronica Vecchi, SDA Bocconi School of Management 9:00 9:15 Q & A with Moderator and Presenters 9:15 9:40 Small Group Roundtable Discussions 9:40 10:00 Report Back

3 Institute for Business and Social Impact To inspire and empower members of the Berkeley-Haas community to develop innovative solutions to pressing social and environmental challenges Strive to achieve our mission through a rich array of courses, activities and research Aim to give students the tools and vision they need to design pathbending careers with social impact Kristi Raube, PhD Executive Director, Graduate Program in Health Management [email protected]

4 Social Impact Pathways Strategic and Sustainable Business Solu2ons 50 Most Promising Technologies for Impac2ng Global Poverty Global Social Venture Competition The Case for Women in Business Nonprofit Boards: Governance and Leadership in Nonprofit Organiza2ons

5 Challenges for Replication Social impact vs. Real business Many pathways Kristi Raube, Haas School of Business, UC Berkeley, Check us out at: Kristi Raube, PhD Executive Director, Graduate Program in Health Management

6 Sustainability Leadership Capstone MBA-level 2 nd year; Attend no other courses Compare and contrast local/global Real-life consulting (partnering) 5 goals: ID trade-offs; ambiguity; sales/dt; relate poverty to business; change management in partnership Lisa Jones-Christensen, Phd Assistant Professor of Strategy & Entrepreneurship [email protected]

7 Sustainability Leadership Capstone Lisa Jones-Christensen, Phd Assistant Professor of Strategy & Entrepreneurship

8 Challenges for Replication Expense Top-level support Faculty willingness Lisa Jones Christensen, Ph.D., Assistant Professor- Strategy & Entrepreneurship, Kenan-Flagler Business School, UNC- Chapel Hill, Lisa Jones Christensen, Phd Assistant Professor of Strategy & Entrepreneurship

9 Personal Responsibility Projects / Social Impact Investment Olawale Ajai, Professor, Lagos Business School Olawale Ajai, PhD Professor of Legal, Social & Political Environment of Business [email protected]

10 Personal Responsibility Projects / Social Impact Investment Personal CSR projects & Entrepreneurship Course project, E.g: Cancer Awareness campaign; Fund raising for orphanages, adopt a School, etc. (not for profit projects) School feeding from proceeds of social impact. entrepreneurship project from seed money of $40 turned over to $15,000 in 4 months); Dona2on of computers to schools from refurbished computers donated by companies. Business advisory for SME s, etc. Olawale Ajai, PhD Professor of Legal, Social & Political Environment of Business [email protected]

11 Challenges for Replication Start early; group students; require detailed proposals; require periodic reports Problem of measuring/ensuring impact, sustainability & complementarity With passion & inculcation of personal responsibility some groups continue well beyond business school Olawale Ajai, PhD Professor of Legal, Social & Political Environment of Business

12 Impact Investing Lab We started more than 30 years ago to study and teach Social Entrepreneurship and Management for social enterprises and not for profit sector.. Bocconi has also one of the largest faculty working on public policies, public management and healthcare But now things are changing. and some relevant changes are being happening or must happen Veronica Vecchi, PhD Professor

13 Why Impact Investing? To sustain the economic and social growth not only in emerging markets, where impact investing was firstly conceived, but also in mature economies, whose development is deeply linked to innovation and impact investing can play a relevant role to generate and scale social innovation To provide a concrete answer to the more and more diversified needs of contemporary society and the very constrained public budgets To channel into new and sustainable businesses the enormous liquidity available high net worth individuals (HNWIs) financial wealth reached US$ 43 trillion in 2010 The financial wealth of European families is twice the European GDP (2012) Veronica Vecchi, PhD Professor [email protected]

14 Boundaries between social enterprise, CSR, Shared Value and Impact investing

15 Impact Investing Lab Impact investing may be seen as a new frontier and a possible evolution of social enterprise with the aim to attract in a stable and conventional way financial resources. Impact investing from the perspective of the shared value, it could represent a market niche in which new business models/social innovation could trigger the generation of new enterprises in sectors that could be critical for improving the quantity and quality of life. Or, alternatively, a frontier for businesses that decide to fully base their competitive advantage on shared value, which results also as an evolution of CSR. Veronica Vecchi, PhD Professor [email protected]

16 Impact Investing & BGR Veronica Vecchi, PhD Professor

17 Impact Investing Lab It s now time for encouraging all the actors to start applying a reverse approach: in other words there's nothing left to do but stimulate the key players (entrepreneurs, companies, investors and even the Government) to directly apply/experiment the key concepts underpinning impact investing into new businesses This is what we are trying to do with our Impact Investing Lab, especially in Europe and in India (MISB Bocconi) Veronica Vecchi, PhD Professor [email protected]