PRINCIPLES FOR

RESPONSIBLE
MANAGEMENT EDUCATION
(PRME)
 OBJECTIVES

• Define what UN Principles for Responsible

Management Education PRME is
• Know the Principles for Responsible Management
Education
• Understand the opportunities and challenges that
PRME faces
 PRINCIPLES FOR RESPONSIBLE
MANAGEMENT EDUCATION (PRME)

• PRME provides a platform and advocates for responsible

management education, research and thought leadership
by higher education institutions globally.
 PRINCIPLES FOR RESPONSIBLE
MANAGEMENT EDUCATION (PRME)

• The United Nations PRME initiative was founded and officially

launched by UN Secretary-General Ban Ki-Moon in 2007. La
Trobe Business School became a signatory to PRME in 2008
joining a powerful and growing movement by leading business
schools and management-related academic institutions
worldwide to implement the six PRME principles.
 PRINCIPLES FOR RESPONSIBLE
MANAGEMENT EDUCATION (PRME)

• The UN's Principles for Responsible Management Education

(PRME) initiative brings together the UN and business schools
around the world to "inspire and champion responsible
management education, research, and thought leadership
globally" through the application of six principles: purpose,
values, method, research, partnership, and dialogue.
Principles for Responsible
Management Education
PRINCIPLE 1 | PURPOSE

• 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 | VALUES
• We will incorporate into our academic activities,
curricula, and organizational practices the values
of global social responsibility as portrayed in
international initiatives such as the United Nations
Global Compact.
PRINCIPLE 3 | METHOD

• We will create educational frameworks, materials,

processes and environments that enable effective
learning experiences for responsible leadership.
PRINCIPLE 4 | RESEARCH

• 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 | PARTNERSHIP

• 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 | DIALOGUE
• 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.
 The Opportunity and
Challenges that PRME Faces
OPPORTUNITY

• Sponsorship
• Partnership
 CHALLENGES
• Poverty
• The challenge they are facing is that they need to
change the mind-set of both their internal and external
customers to switch from the acquisition price to full
services and solutions with a total cost of ownership
benefits mind-set. They are looking for students to
provide some insights on that.
• Next challenge involves the company’s efforts to
reduce their supply chain eco-footprint and identify
all the factors necessary to improve it, such as
optimization of transportation, materials input,
returnable packaging etc.