The great paradigm shift: business schools leading the global sustainability agenda

Businesses around the world are building entrepreneurial incubators and investment funds to inject capital into ventures that reduce poverty. Businesses and management schools are ill-equipped, it would seem, to counter such threats and to address such challenges in global marketplaces. Climate change is not only a scientific phenomenon but also a business sector one that must be addressed proactively by business leaders and investors. The “supply side” that business schools offer must now match these leading indicators and needs demand from students, businesses, and society at large if they are to remain relevant—and well-funded—in the future. University and business school ranking organizations are already focusing on how graduates lead and empower employees and staff. Emerging business leaders want to focus on the planet before profits and focus on higher purposes than just money.