DEVELOPMENT: GSB's Responsible Commitment
Recent Western Cape Business News
The UCT Graduate School of Business (GSB) has signed up to the United Nations’ Principles for Responsible Management Education (PRME) – signaling the School’s growing commitment to values and its new focus on the emergent market paradigm, says Director Walter Baets.
Baets – who joined the business school in July this year – was closely involved with the international academic task team selected to draft the Principles, launched two years ago, and says the decision to join was a natural step for the School.
“The GSB’s renewed focus going forward is to become the leading business school within the paradigm of emergent markets, which are classified as having high degrees of uncertainty, complexity and inequality,” said Baets.
“The GSB also has an established set of values by which it operates and my hope is that we will lead the way in South Africa to develop a more responsible model of a business school. It therefore made complete sense for us to sign up to this global UN initiative to promote responsible management education – it is in line with our own existing ideals,” he explained.
The PRME initiative is a voluntary code of ethics and the only United Nations programme geared specifically to business schools and management education. There are currently 259 educational organisations from across the globe signed up.
Its mission is to inspire and champion responsible management education, research and thought leadership globally in order to develop a new generation of business leaders who are capable of managing the complex business and societal challenges of the 21st Century.
Baets said the move not only fits with GSB’s aims but will also put School in touch with other schools who share their aspirations.
“Given the way we want to develop the School it made perfect sense to join the UN PRME initiative and to connect with other like-minded business schools across the globe. It also gives us a valuable opportunity to engage around things like best practice,” he said.
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