Recent Submissions

  • Unknown author (2015)
    It’s been roughly five years since the Hanken School of Economics started implementing its strategy for sustainable development in 2007, and roughly four years since we underwrote the Principles for Responsible Management Education (PRME). During this time, many steps have been undertaken. First and foremost, the sustainability perspective is now included in Hanken’s long-run strategy, Hanken 2020. Now, also a more detailed short-run strategy is under construction, and will naturally include a sustainability view as well. Still, more important are the real-life steps which bring sustainability aspects into practical work and education. Hanken is now in the process for the AACSB accreditation, and as a part of this, is working with the Assessment of Learning (AOL) process. Sustainability and corporate responsibility are among the key elements in the general learning goals. To ensure that Hanken’s students will be exposed to education on sustainability issues, Hanken has also e.g. included a number of sessions and assignments on the topic among the mandatory first year classes, as well as built a specific corporate responsibility minor for more advanced students. Recently, sustainability issues were also the topic of our international Alumni day in Zurich, thus bringing this topic area also to Hanken graduates from long ago. Also on the research front, new steps to advance research on corporate responsibility have been taken. In spring 2012, a new research centre, the Hanken Centre for Corporate Governance, was founded. By drawing on Hanken’s expertise in corporate governance issues from various disciplines, and by facilitating interaction between them, as well as with the business community, the centre offers research and teaching that aims at improved corporate governance practices. The centre is expected to further boost research on governance and sustainability at Hanken, which already is at a good level, recently evidenced e.g. by several Ph.D. theses on ethical issues, as well as a good amount of refereed international research publications touching upon sustainability and governance. We are very happy to travel on our road towards an increasingly systematic focus on values of global social responsibility. Hanken is a small, transparent institution were respect, cooperation and equality are emphasized. Our increasing awareness of sustainability issues will help us in producing responsible leaders for the world of tomorrow.
  • Unknown author (Hanken School of Economics, 2015)
    Since our previous PRME report two years ago, Hanken has made significant progress in implementing the concept of responsibility and sustainability. As a result of this progress, Hanken was appointed one of 30 PRME Champions schools. This recognition strengthens Hanken’s position as one of the pioneers of responsible management education. Responsibility and sustainability permeate Hanken’s activities at all levels– from strategy to execution. A social responsibility perspective is included in the sub-strategies for all our key activities – teaching and learning, research, HR, marketing, and executive education. Additionally, social responsibility is a key element in our long-term strategy. This builds a solid base for responsibility and sustainability as the fourth element of our strategic profile together with research, internationalisation and corporate connections. We have worked at including elements of social responsibility and sustainability in all aspects of our education ever since Hanken signed the Principles of Responsible Management Education. Social responsibility has been included in our general learning goals within the Assurance of Learning process and we have worked towards attaining AACSB accreditation. Recent developments in our teaching include new Master’s Degree Programmes in (1) Finance and Accounting, where students learn how to create and maintain a sustainable business from a financial management point of view; and (2) International Strategy and Sustainability, where students learn to think strategically with sustainability in mind. Hanken has also broadened the bachelor’s level course offering within social responsibility through a recent agreement with Arcada University of Applied Science. Furthermore, ethical conduct is a key element in our PhD Programme. At the end of 2012 Hanken’s research was evaluated by a panel of internationally acclaimed academics. The panel concluded that Hanken’s research within supply chain management and social responsibility is internationally competitive. But efforts are fruitless if no one knows about them, so I am very pleased that Hanken’s previous PRME report was awarded a Recognition of Excellence Award for SIP reporting by the PRME Secretariat. Not only are we doing the right things, we also know how to communicate our progress. I hope this report continues the tradition!
  • Unknown author (Hanken School of Economics, 2013)
    Today’s business environment is increasingly competitive. The internet revolution has made it extremely easy for the consumer to compare between alternative products and services, and to order them not only from the local producer, but also from far away located global producers. Within the European Union, the free movement of goods and services has emphasized this development. At the same time, the increased sophistication and wealth of the consumer has often increasingly moved focus from price to other aspects of the product or service. These other aspects include quality in a broad sense, as well as ethical and environmental aspects of the product and the production process. For western firms, who typically are at a cost disadvantage compared to emerging markets, these other aspects of the product provide a way to distinguish themselves from competitors. The above described process is an example of the channels through which, in a market economy, consumers’ ethical and environmental values influence firms and become an important part of the values and business concepts also for the firms. Hanken School of Economics strives at excellence in research and teaching. Our students are increasingly international, and their future working careers are likely to take them abroad. We strive for responsible management education, and therefore include ethics and corporate responsibility issues in our curriculum, as well as conduct research in these areas. Therefore it was a natural step for Hanken to want to implement PRME in our own organization. We are very happy with the steps taken on this road towards a more systematic focus on values of global social responsibility, and how they are reflected in our education, research, as well as daily life. We are a small, transparent institution were respect, cooperation and equality are emphasized as components of a responsible environment. Sustainable development is not only on issue in research and education, we have now also implemented issues of it in our own daily “office” life through actions needed for WWF’s Green Office certificate, which was obtained in 2010. Recently, also our research output dealing with social responsibility issues has boosted. We definitely want to stay on this road.
  • Unknown author (Hanken School of Economics, 2013)
    For the first time in its history Hanken School of Economics has commissioned an international committee with academically distinguished members to conduct a systematic evaluation of its research activities. This evaluation will serve as valuable independent and expert-based input for the research priorities of Hanken School of Economics, in particular for its policy with respect to areas of strength. The evaluation report makes a number of general recommendations on processes with potential to improve the productivity of the research activities at Hanken School of Economics. In these recommendations the committee emphasises the importance of 1) shared priorities in the organization as far as research ambitions are concerned, 2) a budget system which supports the incentives for research effort, 3) recruitment of international faculty, and 4) campus-related policies for securing a competitive PhD programme. The evaluation committee has reached the conclusion that four out of the evaluated ten research areas at Hanken School of Economics conduct research that meets the highest international standards. These four areas are Management & Organisation, Marketing, Finance and Economics. In addition, the research areas Accounting, Entrepreneurship, Supply Chain Management as well as Corporate Geography and Information Systems Science are classified as research areas with a potential to develop towards the highest level of international research. As far as Commercial Law is concerned, the committee considers one subarea, Intellectual Property Law (IP), to meet the highest international standards, whereas other subareas are weaker. The committee also identifies strong elements in the research conducted in Supply Chain Management and Corporate Geography and Information Systems Science. Only one research area, Statistics, was classified not to be internationally or nationally competitive. The report presents a detailed characterisation and assessment of the research conducted in all the areas under evaluation. It also incorporates some highly valuable suggestions for the future development of these research areas.