August 2013 Letter of Renewed Commitment On behalf of the faculty and staff of the John Cook School of Business at Saint Louis University, it is my pleasure to express our renewed commitment to the Principles for Responsible Management Education. I have found that our Jesuit philosophy of being men and women for others is an ideal backdrop for teaching aspiring business professionals to be ethical leaders, global citizens, and responsible stewards of the world’s resources. Much of the research being conducted by members of our highly regarded faculty, for example, demonstrates an interest in relevant topic areas such as immigration, social justice, and accessible healthcare, just to name a few. It is my sincere belief that our commitment to the 6 principles of responsible management education begins with the tireless efforts of these world class researchers in creating new knowledge related to our Jesuit ideals and, indeed, to the UN Global Compact Principles that inform and guide PRME. Beyond faculty research, we also have a dedicated staff in our centers of distinction and other programs that provide opportunities for students to learn about what it means to be effective and responsible business professionals. For example, our undergraduates can explore leadership through the conduit of service by enrolling in the Service Leadership Program. Students can learn to appreciate cultural differences and global economics by studying abroad through the Boeing Institute of International Business. We are also excited to announce the opportunity for young scholars to engage in responsible environmental practices through our Sustainable Business Practices Track through the Service Leadership Program. The John Cook School of Business at Saint Louis University continues to be an exciting and challenging place for students to pursue their academic goals. I am delighted that the Principles of Responsible Management will help shape their business experiences now and in the future. Dr. Scott R. Safranski Interim Dean, John Cook School of Business Saint Louis University PRME Principle Descriptions and Major Achievements A strong commitment to the Principles for Responsible Management Education is evident in many of the academic and co-curricular initiatives available to students in the John Cook School of Business at Saint Louis University. Below is an outline of the 6 PRME Principles and descriptions of the initiatives within the School of Business that support each principle. 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. Commitment to an inclusive and sustainable global economy is achieved in a variety of ways within the John Cook School of Business. Salient among them are the study abroad exchange programs through our Boeing Institute of International Business and the Sustainable Business Practices Track within the Service Leadership Program. The Boeing Institute exchange programs give students the opportunity to explore and appreciate diverse points of view by living and studying in a culture different from their own. The Sustainable Business Practices Track is a new element within the Service Leadership Program that allows business students to consider ways that environmental responsibility and sustainable practices can lead to greater profitability. Following are in-depth descriptions of each program: Boeing Institute of International Business Study Abroad Exchange Programs The Boeing Institute of International Business manages business-specific exchange programs with a number of world-renowned international business schools around the globe that teach classes in English. We welcome students from these schools to our campus each semester, and we send John Cook School of Business students to these schools as part of the exchange agreement. Schools that currently participate in our exchange program include Belgium (University of Antwerp), China (University of International Business & Economics in Beijing), Denmark (Aarhus School of Business), France (ESSCA in Angers), Germany (GSO in Nurnberg), Hong Kong (City University of Hong Kong), Korea (KDI in Seoul), Sweden (JIBS in Jonkoping). Sustainable Business Practices Track Building sustainable societies is increasingly important, both pragmatically and as a social justice issue. Often there is the perception that environmental and social sustainability are at odds with economic sustainability, especially when considered from the perspective of the individual firm. However, it is possible for businesses to promote environmental and social sustainability while also being economically sustainable (i.e. profitable). The Sustainable Business Practices Track within the Service Leadership Program is intended to help undergraduate business students understand how firms can achieve economic sustainability while also pursuing environmental and social sustainability. This goal fits well with SLU's mission. The Sustainable Business Practices Track combines coursework related to sustainability with workshops and field work. From the normal Service Leadership Program requirements (15 hours of course work, 24 leadership workshops, and 300 hours of service), students are required to take 6 hours of approved coursework through the University’s Center for Sustainability. In addition, students must complete 100 hours of field work (subtracted from the 300 hours of service), and attend 6 approved seminars of a topic relating to sustainability. 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. The value of global social responsibility is a natural extension of Saint Louis University’s Jesuit philosophy of being men and women for others. As a result, many aspects of the curriculum within the John Cook School of Business reflect the expectation that students be exposed to discussions of ethical leadership and social responsibility. Three specific examples of opportunities for students to engage in this type of dialogue include the Foundations of Business course, the Ethical Assessment Plan, and the Service Leadership Program. Foundations of Business The Foundations of Business course provides students with an overview of the nature of business and shows students how the business curriculum is designed to help prepare them for a business career. In addition, the course addresses some common transition-to-college issues faced by freshmen. One of the specific aims of the course is to teach students about relevant topics such as ethical leadership, teamwork, and diversity. Because these areas of study are viewed as being paramount to students’ curricular experience, an entire module of the course is dedicated to them. The description of the module is as follows: Ethical Leadership, Teamwork, and Diversity—The purpose of this module is: 1.) To help students understand the importance of ethical leadership as it relates to business decisions and personal decisions; 2.) To help students understand the importance of developing teams and the importance of being cooperative, productive team members; 3.) To help students appreciate diversity from a business and personal perspective. Ethics Assessment for Undergraduate Students in the John Cook School of Business As a Jesuit school, Saint Louis University’s John Cook School of Business aims to create leaders who are not only well-versed in business but also well-versed in ethics. In order to strengthen the ethical foundation of students, ethics education has been integrated into the undergraduate business program of study. However, the effectiveness of the ethics program is difficult to ascertain. To determine if the educational programs are successful, students’ understanding of ethics is measured quantitatively through the Ethical Lens Inventory and qualitatively through personal statements and memo writing. “The Ethical Lens Inventory (ELI) is a personal evaluation tool designed to help students understand the values that influence their choices. It identifies how they prioritize values when making ethical decisions. By understanding what values are most important to them and what values are most important to the other parties involved in an ethical situation, they can minimize unnecessary conflict, make better ethical decisions, and live their values with confidence and integrity.”1 1 http://www.ethicsgame.com/Exec/site/eli.html Ethical Program of Study: As freshmen, students take the ELI to learn their personal ethical perspective. Students learn about the different perspectives, including the advantages of each perspective and the blind spots associated with each perspective. Following this introduction to the ELI, students write a personal statement detailing their approach to ethics and what values are important to them. Planning is underway to have students participate in a focus program in their sophomore year consisting of an ethical simulation that is tied to the ELI perspectives. Throughout the simulation, students will make different decisions associated with different perspectives. Additionally, they will write memos detailing their thought process and how they arrived at their final decisions. During their sophomore year, students will periodically revisit the simulation. As seniors, all business students take BIZ400. In this class, students retake the ELI and see whether their ethical perspective has shifted during their college career. Students also update the ethical statement they wrote as freshmen. In addition, once the sophomore ethical simulation component is implemented, they will repeat the simulation during their senior year. Assessment: Students are quantitatively assessed through looking at ELI score changes from freshman to senior year. Movement across the ELI perspective map can demonstrate ethical improvement, regression, or a strengthening of knowledge of a certain quadrant. Students are qualitatively assessed through examination of their ethical statements and simulation memos. The ethical statements are evaluated through identifying the ethical themes present. By senior year, students should gain a deeper knowledge of the themes they wrote about as freshmen. Moreover, seniors should be aware of new themes they had not written about as freshmen. The simulation memos are evaluated by looking for deeper thought and consideration; students should understand different perspectives more thoroughly and therefore find optimal solutions to simulation challenges. Service Leadership Program The Service Leadership Program provides students in the John Cook School of Business the opportunity to develop and hone their leadership skills while serving the St. Louis community. By volunteering at service sites such as Big Brothers/Big Sisters, Cardinal Glennon Children's Hospital, Campus Kitchen or one of the many other available sites, students will practice critical thinking, decision making, effective communication and team building. These are some of the skills that will help students become more effective future business leaders. The Service Leadership Program is unique to the John Cook School of Business. Service Leaders complete 300 hours of community service, attend 24 leadership workshops, and complete 15 hours of coursework centered on issues of social justice and civic responsibility. Service Leadership often acts as a springboard for students, encouraging them to use their business skills for social service throughout their lives. Principle 3 - Method: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership. Throughout the curricular and co-curricular offerings in the John Cook School of Business, there are a variety of courses and activities that teach, encourage, and endorse responsible business practices and responsible leadership. A few of these curricular and co-curricular programs are described below. Reclaiming the Human Spirit: Prison Experience and Learning from White Collar Offenders A new course this year will be offered to graduate students with the broad goal of heightening their understanding of corporate fraud issues and increase ethical awareness. The immersive experience involves Master of Business Administration (MBA) students interacting with white collar offenders in varied settings such as: a prison facility, halfway house, U.S. court proceedings, meetings with probation office staff and offenders, probation office information sessions, online sessions, and panels. The specific goal of this opportunity is twofold: 1. Sensitize MBA students to the consequences of wrong doing from offenders, and learn about the societal impact of such wrong doings. 2. Offenders may learn important business and life skills from the materials developed by MBA students. Social Justice Computing Project The core of social justice is equality of opportunity. It is important for communities to provide their citizens with the opportunities to gain the skills and access the resources necessary for personal success. In an increasingly wired world, the ability to access information through technology has become a vital life skill for fully participating in society. An individual who cannot access the vast array of information and services available over the Internet is at a severe economic and social disadvantage. Students from the Service Leadership Program and the Sustainable Business Practices Track within the Service Leadership Program in the John Cook School of Business at Saint Louis University are engaged in a project called the Social Justice Computing Project. The group solicits gently used computers that are less than 6 years old. As computers are collected, they are loaded with Linux, a non-proprietary operating system that clears the hard drive and makes the computers usable for recipients. The computers are then donated to lowincome students and not-for-profits in the St. Louis metro area in an effort to support them in accessing the information and computer skills necessary for the contemporary world. Annual John Cook School of Business Service Day The purpose of Service Day is to build community and to fulfill the Jesuit Mission of service to others. Each year students, faculty, and staff in the John Cook School of Business take some time to provide various services to the St. Louis community. This year, volunteers helped “make-over” the MathewsDickey Boys’ and Girls’ Club. Volunteers spent the day cleaning, painting, and doing landscaping. Through athletic competition, team building, and personal development programs, the Mathews- Dickey Club serves more than 40,000 young men and women, ages 5-18, throughout the St. Louis-metropolitan area. The Club also serves as a meeting center for various community, social and business organizations and as an outreach resource center for troubled youth. 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. The John Cook School of Business is proud to be the academic home for a prolific group of faculty researchers. Many elements of their research demonstrate an interest in and dedication to corporate responsibility, sustainability, and social justice. Following is a selected list of some of the relevant works produced by our faculty: McBride, T., Watson, S., Bednarek, H., Islam, M. Achieving Universal Coverage in Missouri Using the Massachusetts Model. Lenhert, K., Benmamoun, M., Zhao, H. (in press). FDI Inflow and Human Development: Analysis of FDI’s Impact on Host Countries Social Welfare and Infrastructure. To appear in Thunderbird International Business Review. Guithues-Amrhein, D. (July 2013). Achieving Global Sustainability Through Proper Measurement. IAJBS and CJBE World Forum on Sustainability & Business Practices. Kalliny, M., Kalliny, M. (in press). The Impact of Media Expansion on Religious Conflict in the Arab World. To appear in Journal of Media and Religion. Keane, T. P. (2011). Innovation, Conservation and Legislation: The SustainabilityROI. St. Louis Business Journal. Berkley, R. A., Beard, R., Kaplan, D. (in press). Global Diversity and CyberAggression: Leveraging Diversity in a Virtual Context. In Scott, C. L., Beard, M. Y. (Ed.), Handbook of Research on Workforce Diversity in a Global Society: Technologies and Concepts. IGI Global. Martinez, C. (2012). Change and Informal Recycling: An NGO and a Private Sector Partnership in Bogotá. In Stoner, J., Wankel, C. (Ed.), Managing Climate Change Business Risks and Consequences: Leadership for Global Sustainability. New York, NY: Managing Climate Change Business Risks and Consequences Leadership for Global Sustainability: Palgrave Sustainability Series. Martinez, C., Bowen, J. D. (2012). The Clean Development Mechanism in the Solid Waste Management Sector: Sustainable for Whom? Ecological Economics/Elsevier, 82, 123-125. Martinez, C., Bowen, J. D. Business, Human Rights, and the UN's Clean Development Mechanism: Evidence from a Waste-to-Energy Plant in El Salvador. Thunderbird International Business Review. Niederman, F., Taylor, S. A., Dick, G., Land, L. (2011). Teaching IS Ethics: Applying A Research Technique For Classroom Use. Journal of Information Systems Education, 22(3). Boyle, R., VanSlyke, C., Link, T., Safranski, S. (2012). The Social Justice Computing Project. Verbum Incarnatum: An Academic Journal of Social Justice, 5, 7888 (10 pages). www.uiw.edu/verbum/index.htm O'Boyle, E. J., Welch, P. J. "Integral Human Development and the Maximization Principle of Mainstream Economics." The Journal of Markets and Morality. Principle 5 - Partnership: We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges. The John Cook School of Business is fortunate to have several Executive Advisory Boards that are associated with our various programs. Members of these boards provide guidance, direction, and resources in a wide variety of capacities, some of which overlap with the Principles for Responsible Management Education. For example, Nick Smarreli is a member of the Executive Advisory Board for the Service Leadership Program. He is the Chief Operating Officer for GadellNet Computer Consulting Services based in St. Louis. Nick has been instrumental in providing advice to members of the Social Justice Computing Project described above. Specifically, he is helping members solicit for high quality, gently used computers that can be refurbished and distributed to those in need. His efforts are helping business students provide technology to at risk youth, and helping to keep used computer hardware out of landfills. Following is a partial list of some of the companies represented on the various boards in the John Cook School of Business: The Boeing Company, Innsbrook Properties, Bissinger’s, Camelot Consulting Company, UMB Bank, Edward Jones, Nestle Purina, CT Investments, LLC, The Cramer Institute, Hancock Securities Group, LLC, Goldman Sachs, Wyman Center, CPI Corp., Schowalter & Jabouri, P.C., Commerce Bank, International Packaging Innovations, News-Press & Gazette Broadcasting, New Meadowlands Stadium Company, Network In Human Services, Inc., Isle of Capri, AT&T Yellow Pages, Emerson, TIAA-CREF Trust Co., Sabio Financial and Insurance, Thermadyne, St. Louis Business Journal, Show-Me Institute, Nexstar Financial Corporation, Congruence, Inc., Manchester Capital, AHM Financial Group, LLC, Fifth Third Bank, Trenier Enterprises, Heartland Bank, Grant Thornton, LLP, Monsanto, Laird Technologies, Raising the Bar, LLC, Sense Corp, Wells Fargo Advisors, United Way of Greater St. Louis, GadellNet Consulting Services. Principle 6 - Dialogue: We will facilitate and support dialog and debate among educators, business, government, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability. The John Cook School of Business prides itself on providing educational opportunities not only for students, but also for the business community and the St. Louis community in general. Examples of School of Business educational outreach efforts include “The Dean’s Breakfast” and “The Ameren Sustainable Business Speaker Series.” Both series provide opportunities for members of the community to think critically about important, relevant, and salient issues related to business. The Dean’s Breakfast Examples of relevant speakers include: Michael Hagedorn, Chief Financial Officer, UMB Financial Corporation Joe Reagan, President and Chief Executive Officer, St. Louis Regional Chamber and Growth Association Andy Parham, Chief Executive Officer, Bick Group Rita Numerof, PhD, President, Numerof and Associates, Inc. Michael N. Abrams, M.A., Managing Partner, Numerof and Associates, Inc. Rear Admiral William A. Brown, Director, Strategy, Policy, Programs, and Logistics United States Transportation Command Shankar P. Sharma, Ambassador of Nepal to the United States Kathleen Ratcliffe, President, St. Louis Convention and Visitors Commission Ameren Sustainable Business Speaker Series The Ameren Sustainable Business Speaker series is a new initiative coordinated by Ben Smyth, Manager of Co-Curricular and Service Learning Programs in the School of Business. The series, underwritten by a generous grant from the Ameren Corporation, strives to deliver an informative, balanced seminar evidencing how businesses successfully adapt their corporate operations and strategies to meet the new realities of sustaining competitiveness while integrating economic, environmental and social factors into their business model. The inaugural speaking event “Sustainability Means Business” was held in March of 2013 and featured Jean Ponzi, Green Resources Manager for EarthWays Center, a division of Missouri Botanical Garden in St. Louis. Future Perspectives/Key Objectives There are a host of exciting initiatives in the John Cook School of Business that will continue to reinforce and strengthen our commitment to the Principles for Responsible Management Education this year and in the future. A few relevant initiatives are listed below: 1. Renewed Emphasis on Global Connections As a priority in the coming years, the John Cook School of Business is working to develop a global mindset in its programs and curriculum. A few examples of this effort are listed below: The John Cook School of Business is working to develop closer collaborations with the University’s Madrid campus. New Global Immersion courses are being developed which would place an emphasis on short study abroad experiences and experiential learning while abroad. The Service Leadership Program within the John Cook School of Business is working to develop a short-term microfinance immersion experience in Honduras. 2. Research Projects Faculty members in the John Cook School of Business continue to generate a breadth of research, much of it relevant to the Principles of Responsible Management Education. Examples of broad topics currently being addressed include, but are not limited to, Information Technology and Healthcare, Social Justice Computing, and Ethical Marketing Practices. 3. MBA Initiatives Several new initiatives are being developed through the Master of Business Administration program at the John Cook School of Business. These initiatives include: The John Cook School of Business is continuing to work in close relationship with the University’s Center for Sustainability to develop new programs and initiatives. The most recent initiative has been to develop a new dual degree program between the School of Business and the Center for Sustainability. The new program will be a Master of Business Administration and a Master of Arts in Sustainability and is being launched in the fall of 2013. New areas of emphasis are being developed for the Master of Business Administration program, including in areas of Ethics and Values, Sustainability, Corporate Social Responsibility, and Risk Management. Contact for PRME- Related Questions: Benjamin Smyth, Manager of Co-Curricular and Service Learning John Cook School of Business Saint Louis University smythbk@slu.edu 314-977-3609