Ellen MacArthur Foundation Business Schools Study Tour The Circular Economy -Implications for Business Schools 21st May 2012 Dr Sarah Dixon Bradford University School of Management www.bradford.ac.uk/management
Agenda Context – the world is changing Curriculum - what we need to develop Research and knowledge transfer - how to make knowledge work Organisational adaptation – constraints and enablers of innovation University of Bradford – committed to the cause Conclusion – can we change the world? www.bradford.ac.uk/management
The World is ChangingCrisis of Anglo Aging populations inAmerican capitalism developed world ‘Arab spring’ Rapid technological Changing regional change economic power Finite resourcesPower of socialmedia Climate change www.bradford.ac.uk/management
Circular Economy Curriculum Rethink economic systems Rethink supply chains Rethink manufacturing and operations management Rethink financial models and accounting systems Rethink sales and marketing Rethink technology and information systems Rethink business models and strategy www.bradford.ac.uk/management
Making Knowledge Work Circular Economy Concept Requires: Rigorous evidence Cross-disciplinary based research research Knowledge Support from transfer funding bodies Academic & Close interactionsbusiness credibility with businesses Impact case Management studies adapation www.bradford.ac.uk/management
Constraints on Innovation Stockmarket Revenue and margin growth vs. risk and lower margins Reward systems Linked to known revenues vs. linked to innovation People Way we do things = success vs. new things may = failure www.bradford.ac.uk/management
Influences on adaptation Top management team attitudes and willingness tochange Firm characteristics: Culture, structure Approaches to innovation Procedures for approval of new business Mechanisms and support for sharing ideas andinteractions between managers Appropriate communications, networks & communities Organizational responses to mistakes and attitude to risks Attitudes to success and failure Balancing ‘new’ and ‘old’ business Strategy and the current business models/foci of thefirms www.bradford.ac.uk/management
Bradford Commitment to Circular Economy EMF Partnership since 2010 Postgraduate Certificate in Circular Economy 10+1 Summit 2011 on closed loop thinking EMF HEI Partner MBA in Enterprise, Innovation and Circular Economy Leeds City Region scoping study Planned research programme with Euromed ‘The Loop’ www.bradford.ac.uk/management
3.5 Proposals – North & South Perspectives South Perspective North PerspectiveConfronting Inequality: Celebrating Diversity
The Loop (SEC) Research and knowledgetransfer Create and support new business models Programmes Incubate new businesses Incubation units Support regeneration Consultancy Spread the word Student enterprise Underpin with research Schools outreach www.bradford.ac.uk/management
Can we change the world?Education Aspiration and InteractionKnowledge Passion Making Network knowledge Ellen work MacArthur Foundation www.bradford.ac.uk/management
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