PLEASE SEE THE ATTACHED PDF (below) FOR A MORE DETAILED COURSE PROGRAM!
BUSINESS & SOCIETY 21C10000 (6 cr)
During the course we will examine the multi-faceted and often challenging relationship between business and society (especially government) from the following perspectives:
Jan 7: Creation of Shared Value for Business and Society
We acquaint ourselves with the Shared Value thinking, which is based on the idea that the competitive advantage of companies and the health of the communities are interlinked and mutually dependent. By identifying and addressing social problems that intersect with their business companies can create meaningful economic and social value both for themselves and the surrounding society.
Jan 14: Management of Radical Business Transformations
Radical business transformations, stemming from external and internal triggers such as globalization, economic cycles, and changes in technology, involve restructurings, lay-offs and shutdowns that have major effects on the surrounding communities and thus require or would benefit from the co-operation and dialogue between the company and the society. As an example, we use Nokia's Bridge Program.
Jan 21: New Ecosystems for Innovation
Innovation is needed to drive economic growth, create jobs, produce groundbreaking research and new solutions for large-scale societal and welfare challenges. Innovations are best fostered in ecosystems in which business, governments, academia and even citizens interact. Visitor: Curt Carlson.
Jan 28: Principles and Practices of Sustainability
We cover the basic principles of corporate sustainability and examine its measurement through reporting and ranking practices. We use the Finnish company Outotech as an example of a company that has made sustainability an integral part of its business strategy. Visitor: CEO Pertti Korhonen, Outotec
Feb 4: Role of Regulation in Business Development - Towards Smart Regulation
Business and the public sector also reside in a regulatory relationship. Over-complex and burdensome regulation will hinder growth, competitiveness and innovations so dialogue between businesses and the government is needed to make regulation smart, that is transparent, meaningful and adaptable, that helps, not hinders, the private sector thrive. As a case example, we use Metsä Group's major investment in a bio-product plant in Finland. Visitors: Minister Olli Rehn, CEO Kari Jordan, Metsä Group.
Feb 11: Business and Government Collaboration in Different Geographies
Business and society relations are also dependent on geographies. Global companies have to take into account the different cultures, practices, laws and regulations that affect how businesses can interact and work together with communities and the public sector in different countries of operation. We have invited a panel of experts to discuss this theme from the point of view of various important global markets, such as Russia, China, India, and the EU.