{"id":46078,"date":"2018-11-23T11:18:55","date_gmt":"2018-11-23T19:18:55","guid":{"rendered":"http:\/\/world.edu\/?p=46078"},"modified":"2018-11-23T11:18:55","modified_gmt":"2018-11-23T19:18:55","slug":"how-todays-mba-graduates-can-help-save-the-world","status":"publish","type":"post","link":"https:\/\/world.edu\/how-todays-mba-graduates-can-help-save-the-world\/","title":{"rendered":"How today\u2019s MBA graduates can help save the world"},"content":{"rendered":"

\"\"
\nRecent\u00a0news reports<\/a>\u00a0have suggested that the MBA (masters in business administration) may be \u201closing its lustre\u201d at American business schools, including some of the most elite on the planet.<\/p>\n

The Graduate Management Admission Council (GMAC) has reported\u00a0declining U.S. applications<\/a>, while in Canada the opposite is true, with applications increasing almost eight per cent last year.<\/p>\n

The council\u2019s report also found that of 60 Canadian business school programs, almost half reported growth or stability in domestic applications, while 76 per cent reported growth or stability in international applicants.<\/p>\n

Why are we seeing this increase?<\/p>\n

It\u2019s because Canada offers an attractive destination for international students looking for a progressive environment in which to study, alongside the prospect of gaining Canadian work experience and residency following\u00a0the completion of their degrees<\/a>.<\/p>\n

For both international and domestic students, program quality, cost, convenience and reputation related to business school rankings are also significant factors.<\/p>\n

While those rankings typically use salary and reputational data as primary determinants, we are seeing a shift towards more progressive criteria.<\/p>\n

The most notable of that type of measurement is the Toronto-based Corporate Knights\u2019\u00a0Better World MBA ranking<\/a>.<\/p>\n

Last week, Corporate Knights released its 2018 Better World MBA rankings, selecting programs based on how they encourage future business leaders to contribute to building a better, more sustainable world. There were 11 Canadian schools in the Top 40, including the University of Guelph at No. 9 for its MBA in sustainable commerce.<\/p>\n

Consumers want companies to fuel change<\/strong><\/h4>\n

It has never been more important to teach leaders of the future the skills to solve pressing issues. Sixty-four per cent of consumers now expect\u00a0brands to drive<\/a>\u00a0positive change, according to a recent Edelman report. And it\u2019s through sustainably focused programs that we can ensure future leaders have the ability to solve global problems.<\/p>\n

By 2025, millennials will make up 75 per cent of the workforce. Businesses need to adapt in order to compete for talent given 81 per cent of millennials believe that a successful business needs to have\u00a0genuine purpose<\/a>, and two-thirds aspire to make a positive difference in the world.<\/p>\n

One in two consumers today are belief-driven buyers, according to Edelman, and of these,\u00a0two-thirds<\/a>\u00a0will not buy from a brand if it stays silent on an issue its potential customers feel it has an obligation to address.<\/p>\n

Brands are consequently responding to modern consumer expectations.<\/p>\n

Walmart and Unilever<\/a>\u00a0recently came together to limit tropical deforestation in response to demand for sustainable supply chains.<\/p>\n

Microsoft<\/a>\u00a0is championing inclusion, providing employment opportunities to people with disabilities, while workplace messaging giant Slack recently\u00a0announced an apprenticeship offering jobs to the formerly incarcerated.<\/a><\/p>\n

Rapidly growing international companies like\u00a0Ben & Jerry\u2019s<\/a>,\u00a0Patagonia<\/a>\u00a0and\u00a0Danone<\/a>\u00a0have committed to social, environmental, governance and employee accountability.<\/p>\n

In a world where employees and consumers are pushing businesses to be more sustainable, there\u2019s a growing need for leaders who share these values \u2014 and for business degrees committed to developing people who will guide the purpose-driven organizations of the future.<\/p>\n

A role for Canada<\/strong><\/h4>\n

At the University of Guelph\u2019s\u00a0College of Business and Economics<\/a>, we aim to improve life through business. As champions of the\u00a0United Nations Principles of Responsible Management Education<\/a>\u00a0initiative, we are pushing the frontiers of knowledge through socially relevant curricula and research in line with the\u00a0UN\u2019s Sustainable Development Goals<\/a>.<\/p>\n

Our undergraduate students participate in the\u00a0Aim2Flourish<\/a>program, interviewing leaders of innovative social-purpose organizations, and they\u2019re increasingly launching their own entrepreneurial ventures.<\/p>\n

In our MBA program, students are participating in live case studies, helping organizations increase their profits and their positive impact on society. Through all of this, we are inspiring students to tackle issues like poverty, hunger and inequality through business innovation, but we recognize that no one business school can fully change the world.<\/p>\n

Collaboration is key to affecting positive change, and Canadian business schools are leading by example in driving purposeful collaboration.<\/p>\n

Business schools, thought leaders and associations are coming together to learn from one another through initiatives such as the dean\u2019s and director\u2019s cohort of the\u00a0Globally Responsible Leadership Initiative<\/a>\u00a0and the\u00a0Canadian Federation of Business School Deans\u2019<\/a>meetings on disruption and sustainability in education.<\/p>\n

By working with others, we\u2019re all creating a new kind of educational experience. Rankings and application numbers prove the appetite exists for this new form of business education.<\/p>\n

Last year, the University of Guelph saw a 46 per cent increase in applications to our MBA program. While still relatively small, enrolment in the MBA in Sustainable Commerce has doubled since 2015.<\/p>\n

We fully anticipate that demand will continue to rise. That\u2019s because of the increasing need for a new kind of business leader, one who aspires to use business as a \u201cforce for good\u201d in confronting the world\u2019s most pressing problems, whether it\u2019s social inequality, environmental degradation or food insecurity.<\/p>\n

For the good of the planet, it\u2019s essential that business schools increasingly emphasize sustainability and ethical leadership. MBA programs \u2014 the most dominant graduate degree in the world \u2014 must endeavour to develop the leaders so desperately needed. And this is where Canada can truly lead.<\/p>\n

Author Bio:<\/strong> Julia Christensen Hughes is Dean, College of Business and Economics at the University of Guelph<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Recent\u00a0news reports\u00a0have suggested that the MBA (masters in business administration) may be \u201closing its lustre\u201d at American business schools, including some of the most elite on the planet. The Graduate Management Admission Council (GMAC) has reported\u00a0declining U.S. applications, while in Canada the opposite is true, with applications increasing almost eight per cent last year. The […]\n… learn more→<\/a><\/p>","protected":false},"author":33,"featured_media":46079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[224511],"coauthors":[11733],"class_list":["post-46078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-higher-education","tag-ethical-leadership"],"acf":[],"yoast_head":"\nHow today\u2019s MBA graduates can help save the world - World leading higher education information and services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/world.edu\/how-todays-mba-graduates-can-help-save-the-world\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_US\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"How today\u2019s MBA graduates can help save the world - World leading higher education information and services\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Recent\u00a0news reports\u00a0have suggested that the MBA (masters in business administration) may be \u201closing its lustre\u201d at American business schools, including some of the most elite on the planet. 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