More than morals: a simulation that supports sustainable management education

IF 4.1 3区管理学 Q2 BUSINESS

Management Decision Pub Date : 2024-02-21 DOI:10.1108/md-06-2023-0979

Katia Lobre-Lebraty, Marco Heimann

{"title":"More than morals: a simulation that supports sustainable management education","authors":"Katia Lobre-Lebraty, Marco Heimann","doi":"10.1108/md-06-2023-0979","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>We explore how sustainable management education (SME) can help prepare future leaders to manage crises effectively. Precisely, the intricacies of articulating moral and economic imperatives for businesses in a manner that engages students in sustainable behavior are a serious challenge for SME. We study how to integrate reminders of moral and economic imperatives in a socially responsible investment (SRI) stock-picking simulation created for SME.</p>\n<h3>Design/methodology/approach</h3>\n<p>Adopting an experimental design, we analyzed how the reminders affected the average environment social governance (ESG) integration in the portfolios of 127 graduate students in finance over a twelve-week period.</p>\n<h3>Findings</h3>\n<p>Our results show how essential it is to balance the two imperatives. The highest level of sustainable investment is attained when utilizing both reminders.</p>\n<h3>Practical implications</h3>\n<p>Our findings have practical implications for implementing and organizing SME in business schools to educate responsible leaders who are able to effectively manage crises. Learning responsible management is most effective when students are exposed to the inherent tension between moral and economic imperatives. Hence, our findings corroborate the win-win conception of SME.</p>\n<h3>Originality/value</h3>\n<p>No management decision study has experimentally measured the effects of SME practices on students' actual behavior. Our research fills this gap by complementing previous studies on the effectiveness of teaching practices, first by drawing on behavioral sciences and measuring changes in students' actual sustainability behavior and second by introducing moral and economic imperatives into an innovative teaching resource (TR) dedicated to SME.</p>","PeriodicalId":18046,"journal":{"name":"Management Decision","volume":"12 1","pages":""},"PeriodicalIF":4.1000,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Management Decision","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/md-06-2023-0979","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose

We explore how sustainable management education (SME) can help prepare future leaders to manage crises effectively. Precisely, the intricacies of articulating moral and economic imperatives for businesses in a manner that engages students in sustainable behavior are a serious challenge for SME. We study how to integrate reminders of moral and economic imperatives in a socially responsible investment (SRI) stock-picking simulation created for SME.

Design/methodology/approach

Adopting an experimental design, we analyzed how the reminders affected the average environment social governance (ESG) integration in the portfolios of 127 graduate students in finance over a twelve-week period.

Findings

Our results show how essential it is to balance the two imperatives. The highest level of sustainable investment is attained when utilizing both reminders.

Practical implications

Our findings have practical implications for implementing and organizing SME in business schools to educate responsible leaders who are able to effectively manage crises. Learning responsible management is most effective when students are exposed to the inherent tension between moral and economic imperatives. Hence, our findings corroborate the win-win conception of SME.

Originality/value

No management decision study has experimentally measured the effects of SME practices on students' actual behavior. Our research fills this gap by complementing previous studies on the effectiveness of teaching practices, first by drawing on behavioral sciences and measuring changes in students' actual sustainability behavior and second by introducing moral and economic imperatives into an innovative teaching resource (TR) dedicated to SME.

查看原文本刊更多论文

不仅仅是道德：支持可持续管理教育的模拟项目

目的我们探讨可持续管理教育（SME）如何帮助未来的领导者做好有效管理危机的准备。确切地说，如何以吸引学生参与可持续行为的方式阐明企业的道德和经济要求，是 SME 面临的严峻挑战。我们研究了如何在为中小型企业创建的社会责任投资（SRI）模拟选股中整合道德和经济要求的提醒。我们采用实验设计，分析了在为期 12 周的时间里，提醒如何影响 127 名金融专业研究生投资组合中的平均环境、社会和治理（ESG）整合。实践意义我们的研究结果对于在商学院实施和组织 SME，培养能够有效管理危机的负责任的领导者具有实践意义。当学生接触到道德和经济要求之间的内在矛盾时，学习负责任的管理是最有效的。因此，我们的研究结果证实了中小型企业的双赢理念。原创性/价值目前还没有任何一项管理决策研究通过实验来衡量中小型企业实践对学生实际行为的影响。我们的研究填补了这一空白，补充了以往关于教学实践有效性的研究。首先，我们借鉴了行为科学，测量了学生实际可持续发展行为的变化；其次，我们将道德和经济要求引入了专门针对中小型企业的创新教学资源（TR）。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Management Decision Multiple-

CiteScore

8.20

自引率

8.70%

发文量

126

期刊介绍： ■In-depth studies of major issues ■Operations management ■Financial management ■Motivation ■Entrepreneurship ■Problem solving and proactivity ■Serious management argument ■Strategy and policy issues ■Tactics for turning around company crises Management Decision, considered by many to be the best publication in its field, consistently offers thoughtful and provocative insights into current management practice. As such, its high calibre contributions from leading management philosophers and practitioners make it an invaluable resource in the aggressive and demanding trading climate of the Twenty-First Century.