Sustainability underlies many of the complex global challenges we face today, carrying profound implications for business practices, economic development, and environmental stewardship. Businesses increasingly recognize the need to incorporate environmental risks and social objectives into their core strategy and operational decisions. The commitment to sustainable practices can take many forms, such as developing social enterprises, creating and distributing fair-trade products, reducing carbon footprints, ensuring a sustainable value chain, guiding social impact investments, and making frugal use of natural resources. Sustainability initiatives are motivated by a desire to manage risk, drive growth, improve returns on capital, and create value.
The Master of Business Administration, Impact Specialization, is a 44-credit, 3 semester, full-time Resident Instruction program. The program aims to provide business solutions that achieve positive economic, environmental, and social impact. The program educates and prepares future business leaders to take effective roles in organizations that integrate economic, social, and environmental sustainability into core strategy and operations. There are elective options to enable students to pursue either a venture-creation process or take up to 15 credits outside the College of Business in areas such as environmental sustainability, social impact, water resources, life cycle assessment, ethics and sustainability, and climate change.
Program Learning Goals are:
Business Acumen and Integration Skills: Graduates will demonstrate competency across business functions and integrate them into strategic decisions.
Practical Leadership and Management Skills: Graduates will demonstrate individual, interpersonal, and organizational leadership skills necessary for professional development and organizational effectiveness.
Critical and Analytical Thinking: Graduates will be able to apply critical thinking and analytical skills for management decision-making.
External Environment – Ethical, Legal and Regulatory Framework: Graduates will consider ethical, legal, and regulatory implications inherent in business situations and apply that knowledge to make responsible decisions.
Global Perspective: Graduates will acquire a global and cross-cultural perspective in formulating decisions and implementing organizational strategy.
Enterprise Approaches to Global Challenges: Graduates of the Impact MBA program will have the skills to:
Assess opportunities for enterprise approaches to address social and environmental challenges.
Develop, implement, and manage initiatives or enterprises that address global social and environmental challenges.
Effective Fall 2020
|ACT 605||Accounting for Sustainable Enterprises||3|
|BUS 601||Quantitative Business Analysis||2|
|BUS 620||Leadership and Teams 1||2|
|BUS 636||Economics of Ecosystems and Biodiversity||3|
|CIS 600B||Project Management: Impact Enterprise||2|
|FIN 601||Financial Management and Markets||3|
|MGT 612||Managing in a Global Context||3|
|MGT 663||Strategic Opportunities in Impact Enterprise||3|
|MGT 665||Supply Chain Development and Management||2|
|MKT 601||Marketing for Social Sustainable Enterprises||3|
|Select one course from the following:||2-3|
|Financial Markets and Investments|
|Financing, Evaluating Sustainable Enterprise|
|Select one course from the following:||3|
|Select 12-13 credits from the following electives:||12-13|
|Ethical, Legal, and Regulatory Issues 1|
|Foundations for Carbon/Greenhouse Gas Mgmt|
|Greenhouse Gas Policies|
|Current Topics in Climate Change|
|Life Cycle Assessment for Sustainability|
|Corporate Risk Management|
|Fundamentals of International Finance|
|Private Equity and Venture Capital|
|Analysis of Sustainable Energy Solutions|
|Law and Sustainability|
|Issues in Global Environmental Sustainability|
|Water Resources Seminar|
|Design Thinking for Sustainable Enterprise|
|Global Social Sustainable Entrepreneurship|
|New Venture Development for Social Enterprise|
|Seminar in Environmental Philosophy|
|Program Total Credits:||44|
A minimum of 44 credits are required to complete this program.
Students will need to obtain a prerequisite override from the department to enroll in this course.