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Stanford Graduate School of Business
Stanford Business

February 2004

GSB Named Social, Environmental Leader

Stanford Business School was named a school on "the cutting edge" in a biannual survey conducted jointly by the Aspen Institute and the World Resources Institute (WRI). The study—"Beyond Grey Pinstripes 2003:Preparing MBAs for Social and Environmental Stewardship"—defined cutting-edge schools as those that set the bar for the infusion of environmental and social impact management into their MBA coursework, extracurricular activities, institutional setting, and research agenda.

"In today's business climate, taking a leadership role on complex global issues reflects a commitment to expand the limits of current research and teaching," said Meghan Chapple, business education manager at WRI. "Stanford is one of only six schools that have reached a new frontier of innovation on social and environmental issues in business. This institution is forging a path for tomorrow's business education that will account for the relationship between business, society, and the environment."

Building on its 32-year-old Public Management Program, Stanford trains MBA students to translate their business acumen to the public or nonprofit sector. All students, for example, are required to take courses like Production and Operations Management, Strategy in the Business Environment, and Managerial Economics, which address various social and environmental problems around the world, including corporate transparency, and give students analytical tools to reduce social and environmental impacts. Many innovative electives cover ethics, corporate social responsibility, environmental sustainability, international development, social and environmental entrepreneurship, and public and nonprofit management.

The School's Center for Social Innovation provides support to sustain research, course development, and activities around corporate responsibility and social sector issues.

This center and various student groups organized an impressive array of extracurricular events during the year assessed by the survey. Topics discussed range from the role of business in alleviating global poverty to trends and strategies in venture philanthropy to how to start an environmentally sustainable business.

Through the Stanford Management Internship Fund and the Loan Forgiveness Program, Stanford offers financial support for students working in the nonprofit or public sector.

Faculty in diverse departments, from organizational behavior to accounting, are publishing research that explores social impact and environmental management topics.

"As these activities and courses attest, at Stanford, students, faculty, administrators, and alumni are engaged in a critical examination of the role business plays in the world," said Nancy McGaw, deputy director of the Business and Society Program at the Aspen Institute. "They are taking action to ensure that their MBA students get the grounding they need in social and environmental issues to meet the tough challenges they will face in business."

Schools recognized in Beyond Grey Pinstripes 2003 as schools with cutting-edge MBA programs are (in alphabetical order): George Washington University, School of Business and Public Management; University of Michigan Business School; University of North Carolina, Kenan-Flagler Business School; Stanford Graduate School of Business; Yale School of Management; and York University, Schulich School of Business, Toronto, Canada. More information on the 2003 report is available at www.beyondgreypinstripes.org.


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First Impressions
School Volunteers Thanked, Thankful
Students Learn from Military Vets
Tech customers Want More Than Glitz
Lessons from Laundry
School Launches Undergrad Institute
GSB Named Social, Environmental Leader
Library Constructs GATT Digital Archive
Alums Help School Find New Home
The Giver Who Keeps Giving
Hot Ticket Venue
e-Newsletter Debuts
Toigo Fellows Expand Finance Networks
Bradford in Boston
Quotable: Tim Ling, MBA '89
For the Record: 2003 MBA Placement Report