Principles for Responsible Management Education (PRME)
United Nations Secretary-General Ban Ki-moon
The Principles for Responsible Management Education have the capacity to take the case for universal values and business into classrooms on every continent.
Lack of sustainability in its broader context is an enormous obstacle for every nation on earth, leading to misallocation of resources and erosion of quality of life for billions of people around the world.
The present yet evolving economic, environmental, and social conditions around the world have brought many nations to recognize the need for a sustainable economic environment aimed at creating harmony and peace globally. We are all members of the larger community of our planet earth with a common identity and ultimate destiny.
In an effort to promote awareness and enhance sustainability in the global economy, the United Nations Global Compact came up with a possible solution: Principles for Responsible Management Education (PRME). PRME is a global engagement platform for business schools and education-related institutions designed to deliver lasting benefits to people and communities.
A brief explanation of PRME: The United Nations Global Compact focuses on education concerning sustainable business globally. Business school students are our future leaders who will be placed in positions of responsibility in companies and institutions. By having the understanding, knowledge, and appreciation of the importance of sustainability, they will be able to apply those principles in their work environment. California Lutheran University has students from many countries around the world which provides the university an opportunity to promote such principles in the world. Cal Lutheran University takes such tasks seriously and PRME constitutes an important component of its management education curriculum.
PRME initiative was established in 2007 and has made significant advancement since then by contributing to the sustainability of the world through improving business education. Many academic organizations including California Lutheran University that have joined PRME are trying to contribute to a more stable global market and society from the perspective of sustainable development. This task is carried out by integrating values about sustainability into the curriculum and research projects of business schools.
Cited from the official webpage of United Nations PRME.
Here is a YouTube video about the 6th annual PRME assembly.
Cited from the official YouTube account of PRME Secretariat
PRME initiative is trying to build new educational frameworks while at the same time, requiring universities to work on sustainable development based on these 6 principles.
Principle 1: 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.
Principle 2: 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.
Principle 3: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.
Principle 4: 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.
Principle 5: 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.
Principle 6: We will facilitate and support dialog and debate among educators, students, business, government, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.Cited from the official webpage of United Nations PRME
The United Nations Global Compact is a voluntary initiative engaging in sustainable development. The United Nations Global compact governs PRME initiatives. The ten principles are developed based on four principle themes: human rights, labor, environment and anti-corruption.
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights;
Principle 2: Make sure that they are not complicit in human rights abuses.
- Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- Principle 4: The elimination of all forms of forced and compulsory labor;
- Principle 5: The effective abolition of child labor;
- Principle 6: The elimination of discrimination in respect of employment and occupation.
- Principle 7: Businesses should support a precautionary approach to environmental challenges;
- Principle 8: Undertake initiatives to promote greater environmental responsibility;
- Principle 9: Encourage the development and diffusion of environmentally friendly technologies.
- Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
PRME is governed by the United Nations Global Compact and Steering Committee which consists of the main business school accreditation bodies and associations within the world. Various organizations from PRME signatory institutions constitute a PRME Advisory Committee. The advisory committee cooperates with the steering committee and the secretariat of PRME. The following section provides information about GMAC, ABIS, AMBA and AACSB International.
Steering Committee in the World
- United Nations Global Compact
- Graduate Management Admission Council (GMAC)
- AACSB International (The Association to Advance Collegiate Schools of Business)
- European Foundation for Management Development (EFMD)
- Association of MBAs (AMBA)
- Association of African Business Schools (AABS)
- Central and East European Management Development Association (CEEMAN)
- Latin American Council of Management Schools (CLADEA)
- The Academy of Business in Society (ABIS)
- Globally Responsible Leadership Initiative (GRLI)
Cited from the official webpage of United Nations PRME
- SOM PRME
California Lutheran University School of Management (SOM) is a member of PRME initiative.
The primary purpose of the Center for Economics of Social Issues (CESI) is to promote discussions of issues related to values, character, leadership and social progress both within the university and the community. The mission of CESI and its functions relate closely to a significant number of PRME’s Six Principles.
The School of Management and its Center for Economics of Social Issues have the opportunity to communicate with managers of business entities in helping them better appreciate their challenges in embracing social and environmental responsibilities by exploring jointly effective approaches to meeting those challenges.
School of Management PRME Taskforce:
- PRME Progress Report
- PRME Paper Competition
The School of Management will structure and announce an essay contest about sustainable social, economic and environmental approaches with the following viewpoints:
- Educate new business leaders who are able to tackle the complexity of existing and emerging obstacles in business and society at large
- Present one or more ideas that can solve environmental challenges
- Suggest materials, plans and ideas that allow people to learn responsible leadership
- Indicate business practices from the perspective of political, economic, social, and technological values
- Define the concepts of global social responsibility in societies
- Help people to be aware of critical issues concerning global social responsibility and sustainability
- Research and present one or more ideas on how California Lutheran University can help facilitate sustainability in Thousand Oaks and the Ventura County area
Center for Economics of Social Issues is in the process of planning the PRME Paper Competition in the upcoming academic year.
PRME Brochure (2014)