EXECUTIVE SUMMARY


BACKGROUND

Net Impact is an international nonprofit organization whose mission is to make a positive ...
(63%) would prefer to work in medium to large business after the MBA degree; this number drops to 33%
when asked about goa...
METHODOLOGY

PROCESS

The findings presented here are taken from a survey conducted between September 25 and October 15,
2...
STATISTICAL TESTING


        Where appropriate, proportions testing was utilized to measure differences between groups o...
STUDY POPULATION

The figures in this section provide a snapshot of the population of respondents in this study. As figure...
The majority of participants (66%) were Caucasian [Figure 4]; our study population is more diverse than
the U.S. business ...
DETAILED FINDINGS

Overall

Career
Most students plan to look for socially responsible employment at some point in their c...
Q: Five to ten years after you received your MBA degree,                  Response
                                       ...
Q: Business schools should place more emphasis on training
                                                               ...
Q: I believe that most corporations are currently working               Response
        towards the betterment of society...
Differences by MBA segment
Please see tables in Appendix A for more detail on the statistics below. Findings are statistic...
Career Plans
We compared the responses of students who agree that they intend to seek socially responsible
employment duri...

         87% of Net Impact member students (compared with 64% of the general MBA population)
           agree that the...
APPENDIX

Appendix A: Overall


Gender


During my                                          Are you:                      ...
Political Affiliation

During my                             If registered to vote, are you:                     STATISTIC...
Prior (or concurrent) to enrolling in the MBA program,
Corporate Social            which of the following BEST describes y...
During my employment career, I will seek employment
Corporate Social                                                      ...
Respondents who immediately after MBA will work in
                           a medium to large enterprise, and then 5 yea...
Corporate Social                       Are you a Net Impact member?
                                                      ...
Appendix B: Knowledge ratings4


Q: Please rate your general knowledge today about each of the following categories.
     ...
Appendix C: Online Survey Form

New Semester, New Perspectives: The Net Impact Survey of MBA Student Opinions on Business ...
     Single person business - no employees
                   No work experience to date

    8. Please rate your genera...
     Disagree
                   Neutral/ No opinion
                   Agree
                   Strongly agree

    1...
23. Please enter your email to win a chance for a $100 gift certificate to the online merchant of your
        choice.

  ...
Appendix D: Schools Surveyed

Which MBA program are you in?                                             Total Respondents
...
University of Pennsylvania - The Wharton School of Business                  6
University of Texas Austin - McCombs School...
Appendix E: Respondent Quotes
“The key business role is to develop society, not profits.”

“Businesses contribute to socie...
ACKNOWLEDGEMENTS
Net Impact would like to thank all students and administrators who helped to distribute this survey to th...
Mba  New Leaders New Perspectives
Upcoming SlideShare
Loading in...5
×

Mba New Leaders New Perspectives

1,926

Published on

Published in: Economy & Finance, Education
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,926
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
86
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Mba New Leaders New Perspectives

  1. 1. EXECUTIVE SUMMARY BACKGROUND Net Impact is an international nonprofit organization whose mission is to make a positive impact on society by growing and strengthening a community of new leaders who use business to improve the world. We offer a portfolio of programs to educate, equip, and inspire more than 10,000 members to make a tangible difference in their universities, organizations, and communities. Net Impact conducted a survey in October, 2006, to measure the attitudes and perspectives of MBA students on the relationship between business and social / environmental concerns. Our goal was to get a representative sample of MBAs to address questions related to business graduate education, career goals, and the role of companies in society. The 31 question survey included demographic questions; career history and aspirations; the role for business school education in preparing values-based leaders; and general questions on the role business should play in addressing social and environmental concerns. Our goal is to repeat the survey over time to measure changes in perspectives, as well as to compare the 1 MBA answers with those of college students and other populations. EXECUTIVE SUMMARY There were 2,113 current MBA students who answered the survey, representing 87 different graduate business programs. Most of the students surveyed are currently based in the U.S. or Canada (82%). 37% of the survey respondents indicated a current affiliation with Net Impact. Across all demographics, the majority of students tells us that social and environmental issues should be important considerations for business schools, career goals, and the private sector in general. In terms of their MBA education, 78% of those surveyed agree that corporate social responsibility is a topic that should be integrated into core curriculum classes at MBA programs. Seventy percent agree that business schools should place more emphasis on training socially and environmentally responsible individuals than they currently do. Only 9% of students say they do not want to learn more about corporate responsibility during their business school education. Overall, 79% of students say they will seek socially responsible employment at some point during their careers; 59% say they will do so immediately following business school. The majority of respondents 1 A similar survey was conducted among undergraduate students in January 2007. MBA Perspectives 1 Net Impact, Spring 2007
  2. 2. (63%) would prefer to work in medium to large business after the MBA degree; this number drops to 33% when asked about goals for five to ten years after graduation. In terms of general perspectives on business, 81% of students surveyed believe companies should try to work toward the betterment of society, while 18% think most companies are pursuing that goal currently. Nine out of ten respondents say that business leaders should factor social and environmental effects into their business decisions, with 60% believing that this approach can be profitable. Of the survey respondents, 63% are not affiliated with Net Impact. Of this group, 38% say they would like to learn more about the organization, and 25% say they are not interested in learning more or joining. Even of the segment without any interest in Net Impact, the majority agree with the opinions stated above. For example, 60% of students with no interest in Net Impact agree that they will seek employment that is socially responsible during their career, 64% agree that corporate social responsibility should be integrated into core curriculum in MBA classes, and two-thirds (67%) believe that business should work towards the betterment of society. The implications of this study are especially important for business school programs and employers. The survey results show that students today are interested in examining the social implications of business during their MBA programs. Universities should consider adding corporate responsibility and related topics to core and elective courses, as well as supporting relevant activities such as a speakers series and case competitions. In addition, employers can benefit from addressing more social responsibility issues in their workplaces, and by communicating their values to potential hires. This may be especially true for medium to large companies: one in two MBAs who plan to enter the corporate sector immediately following graduation say they plan to stop working for larger companies after five to ten years. Those that plan to leave the corporate sector are more likely to say they want a socially responsible career than those who plan to stay. This indicates that companies might have an opportunity to retain more employees if they can place more emphasis on corporate responsibility. Of all demographic segments examined, the most varied perspectives were observed when segmenting the data by gender. Women are more interested in learning about almost all surveyed topics than men, and are significantly more likely to seek socially responsible employment. As an underrepresented segment in both MBA programs and in the corporate workforce, women are an important demographic for employers to recruit and retain - emphasizing corporate responsibility and related themes may be a key way to do so. For further information, please contact Alejandra Villalobos, Analyst, at avillalobos@netimpact.org. MBA Perspectives 2 Net Impact, Spring 2007
  3. 3. METHODOLOGY PROCESS The findings presented here are taken from a survey conducted between September 25 and October 15, 2006. During that time, 2,112 current MBA students responded to an online questionnaire, which consisted of 30 multiple-choice Likert-scale questions, plus one open-ended question to allow for further qualification of answers (see Appendix C). Announcements for the online survey were sent to Net Impact club leaders at 100 MBA programs, asking them to send the survey to their student body email list (see Appendix D). In total:  87 programs were represented  41 programs had 10+ student responses  13 programs had 50+ respondents Participants answered questions about the relationship between business and broader social and environmental issues. The survey focused on three key areas:  Career: Do students express an interest in socially responsible careers?  Curriculum: Do students express an interest in learning about corporate social responsibility, sustainability, international development, and social entrepreneurship during their MBA?  Business and social responsibility: How important do students think social responsibility is for the private sector? For the purposes of this report, we combine Agree and Strongly Agree into Net Agree when speaking of students who agree with a statement. Net Disagree includes those respondents who Disagree and Strongly Disagree. MBA Perspectives 3 Net Impact, Spring 2007
  4. 4. STATISTICAL TESTING  Where appropriate, proportions testing was utilized to measure differences between groups of respondents in our study. or  A confidence interval of 95% was used, which indicates that we maintain 95%+ certainty that the responses of two groups being compared are meaningfully different if we are to label these differences as statistically significant findings. MBA Perspectives 4 Net Impact, Spring 2007
  5. 5. STUDY POPULATION The figures in this section provide a snapshot of the population of respondents in this study. As figure 1 2 st indicates, the majority of participants (56%) is male . The majority of respondents (70%) were 1 year students [Figure 2] and enrolled in a full-time MBA program (87%) [Figure 3]. Fourth Fifth 1% Third 1% 2% Female 44% Second 26% First Male 70% 56% Figure 1: Gender Figure 2: Program Year Native American/ Multi-racial Alaska Native Part-time 3% 0% 13% African American/ Asian Black 19% 3% Hispanic, non-White White, 2% not Hispanic Hispanic, Full-time 66% White 87% 7% Figure 4: Race/ Ethnicity Figure 3: Program Type 2 According to GMAC data, males represent 70% of MBA students globally MBA Perspectives 5 Net Impact, Spring 2007
  6. 6. The majority of participants (66%) were Caucasian [Figure 4]; our study population is more diverse than the U.S. business school population, which is 85% Caucasian. Perhaps not surprisingly, given that the survey questionnaire was available only in English and that the announcements for the survey were posted to mailing lists primarily in American universities, 85% of the respondents reported that they lived in the United States. 37% of respondents are currently Net Impact members; 38% would consider or like to learn more about Net Impact; and 25% are not interested in joining [Figure 5]. Finally, prior or concurrent to enrolling in their MBA program, 14% of respondents had nonprofit work experience; 8% had public sector and 76% had private sector work experience [Figure 6]. No work experience Single person 2% business 1% Public Not Nonprofit Small Sector interested 14% business 8% Yes 25% 17% 37% Learn more Medium to 38% large business 58% Figure 5: Net Impact Figure 6: Most Recent Work Experience Membership/ Interest MBA Perspectives 6 Net Impact, Spring 2007
  7. 7. DETAILED FINDINGS Overall Career Most students plan to look for socially responsible employment at some point in their careers, and many intend to look beyond medium and large corporations, which are the more traditional MBA employers. Close to eight in ten respondents (79%) indicate that they will seek socially responsible employment during the course of their careers, while 59% say they will seek such work immediately after graduating from business school. Q: Immediately following business school, I plan to focus on Response Percent securing a job that is socially responsible. Disagree (Net) 12.1% Neutral/No Opinion 28.7% Agree (Net) 59.1% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: During my employment career, I will seek employment that Response Percent is socially responsible Disagree (Net) 5% Neutral/No Opinion 15.8% Agree (Net) 79.2% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: Immediately after you receive your MBA degree, which Response Percent employment site do you most prefer to work in? Nonprofit Organization 5.9% Public sector – municipal, state, federal 2.2% Medium to large business (100+ employees) 63.3% Small business (under 100 employees) 13.4% Single person business (no employees) 0.4% I am not sure at this point 14.9% Total respondents 2112 MBA Perspectives 7 Net Impact, Spring 2007
  8. 8. Q: Five to ten years after you received your MBA degree, Response Percent which employment site would you prefer at that time? Nonprofit Organization 12.9% Public sector – municipal, state, federal 4.5% Medium to large business (100+ employees) 33.2% Small business (under 100 employees) 26.3% Single person business (no employees) 1.8% I am not sure at this point 21.3% Total respondents 2114 Curriculum Most students think that social and environmental topics should be integrated into the business school curriculum. Seventy-eight percent of students agree that the subject of corporate social responsibility (CSR) should be integrated into the MBA core curriculum, and 71% agree that business schools should place more emphasis on training socially and environmentally responsible individuals than they currently do. Q: Please indicate whether or not you would like to learn more about any of the following concepts while you are pursuing your MBA. Yes Possibly No 63% (1309) Corporate Social Responsibility 28% (582) 9% (197) 57% (1185) Environmental Sustainability 31% (655) 12% (245) 47% (969) Nonprofits 35% (721) 19% (392) 59% (1226) Social Entrepreneurship 31% (653) 10% (209) 53% (1099) Microfinance 34% (717) 13% (266) 54% (1118) Renewable Energy 33% (679) 14% (286) 67% (1402) International Development 26% (536) 7% (153) Total respondents 2105 Q: Corporate Social Responsibility is a topic that should be Response integrated into core curriculum classes at MBA programs. Percent Disagree (Net) 9.5% Neutral/No Opinion 13% Agree (Net) 77.6% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree MBA Perspectives 8 Net Impact, Spring 2007
  9. 9. Q: Business schools should place more emphasis on training Response socially and environmentally responsible individuals than they Percent currently do. Disagree (Net) 8.7% Neutral/No Opinion 20.8% Agree (Net) 70.5% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: I believe that graduate business schools are currently preparing Response students to lead businesses towards the betterment of society. Percent Disagree (Net) 25.5% Neutral/No Opinion 31.3% Agree (Net) 43.2% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: I am (or plan to be) a leader in a club or activity at business Response school that emphasizes CSR, nonprofits, or other Percent social/environmental benefits. Disagree (Net) 28.6% Neutral/No Opinion 26.1% Agree (Net) 45.4% Total respondents 1900 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Business and social responsibility Close to nine in ten students (89%) say that business professionals should take into account social and environmental impacts when making business decisions. Eighty-one percent agree that businesses should work towards the betterment of society (such as a healthier environment, the eradication of poverty, and other societal issues); however, only 18% believe most corporations are currently working towards that goal. Sixty percent agree that corporate social responsibility makes good business sense because it leads to financial profits. Q: I believe that businesses should work towards the Response betterment of society (such as a healthier environment, the Percent eradication of poverty, and other societal issues). Disagree (Net) 7.1% Neutral/No Opinion 11.9% Agree (Net) 81% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree MBA Perspectives 9 Net Impact, Spring 2007
  10. 10. Q: I believe that most corporations are currently working Response towards the betterment of society. Percent Disagree (Net) 51.8% Neutral/No Opinion 30% Agree (Net) 18.2% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: Business professionals should take into account social Response and environmental impacts when making business decisions. Percent Disagree (Net) 3.1% Neutral/No Opinion 7.5% Agree (Net) 89.5% Total respondents 1903 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: The for-profit sector should play a role in addressing Response social and environmental issues. Percent Disagree (Net) 4.3% Neutral/No Opinion 9.5% Agree (Net) 86.2% Total respondents 1901 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: Corporate Social Responsibility makes good business Response sense because it leads to financial profits. Percent Disagree (Net) 10.6% Neutral/No Opinion 29.6% Agree (Net) 59.9% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree Q: Corporate Social Responsibility is the “right” thing for Response companies to do. Percent Disagree (Net) 4.2% Neutral/No Opinion 13.9% Agree (Net) 81.8% Total respondents 1907 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree MBA Perspectives 10 Net Impact, Spring 2007
  11. 11. Differences by MBA segment Please see tables in Appendix A for more detail on the statistics below. Findings are statistically significant, unless otherwise indicated. Gender Forty-five percent of survey respondents identified themselves as female. Findings suggest that women are more likely than men to seek socially responsible careers.   Nearly 87% of female (compared with 73% of male) students polled want to find socially responsible employment at some point in their careers   86% of female (compared with 71% of male) students agree that classes in corporate social responsibility should be part of the core curriculum in MBA programs   87% of female (compared with 71% of male) respondents say companies should try to work toward the betterment of society Political Affiliation Among MBA students polled, 44% identified themselves as Democratic, 31% as Independent, and 25% as Republican. Findings suggest that Democratic students are more likely than Republican students to seek socially responsible careers.   86% of Democratic (compared with 68% of Republican) students polled want to find socially responsible employment at some point in their careers   87% of Democratic (compared with 70% of Republican) students agree that the subject of corporate social responsibility should be integrated into the MBA core curriculum   86% of Democratic (compared with 65% of Republican) respondents agree with the statement that businesses should work towards the betterment of society Career History We compared students whose last job was in the nonprofit or public sector with those who previously worked in a medium to large corporation.   Respondents whose last job was in the nonprofit or public sector are more likely than respondents who previously worked in a medium to large business to agree that during their career they will seek employment that is socially responsible (90% vs. 75%)   Respondents whose last job was in the nonprofit or public sector are also more likely to agree that classes in corporate social responsibility should be part of the core curriculum in MBA programs (82% vs. 76%)   They are also more likely to agree that businesses should work towards the betterment of society (84% vs. 80%) MBA Perspectives 11 Net Impact, Spring 2007
  12. 12. Career Plans We compared the responses of students who agree that they intend to seek socially responsible employment during their careers with those who disagree.   There are no significant differences between these groups in terms of whether they believe that graduate business schools are preparing students to lead business towards the betterment of society   However, students who say that they will seek socially responsible employment are significantly more likely to agree that corporate social responsibility should be integrated into the MBA core curriculum as opposed to those who disagree or are neutral about seeking socially responsible employment (85% vs. 51%)   Students who say that they will seek socially responsible employment are also more likely to believe that businesses should work towards the betterment of society (87% vs. 56%)   Of the students who say that they will seek socially responsible employment 8% prefer to work in a nonprofit organization immediately after receiving their MBA, 3% prefer to work in the public sector, 58% prefer a medium to large business, and 15% prefer a small business   Of the students who say they will not seek socially responsible employment, 82% prefer a medium to large business, 8% prefer a small business, 1% prefer to work in a nonprofit organization and 0% prefer to work in the public sector immediately after receiving their MBA We analyzed differences between students who plan to work with a medium to large corporation long term (5 years or more) with those who intend to shift careers to small business, nonprofit, government, or entrepreneurial endeavors.   Students who prefer to stay with a medium or large company after five years are less likely to say that during their career, they will seek employment that is socially responsible (69% vs. 81%)   Students who prefer to stay with a medium or large company are also less likely to believe that businesses should work towards the betterment of society (76% vs. 83%)   However, there is no statistically significant difference between these groups in their agreement that corporate social responsibility is a topic which should be integrated into the MBA core curriculum (73% vs. 75%) Net Impact Membership We analyzed differences between students who are Net Impact members and those who are not interested in joining Net Impact.  3  91% of Net Impact member students (compared with 60% of the general MBA population ) polled want to find socially responsible employment at some point in their careers 3 Here we refer to non-members who are not interested in joining Net Impact. MBA Perspectives 12 Net Impact, Spring 2007
  13. 13.   87% of Net Impact member students (compared with 64% of the general MBA population) agree that the subject of corporate social responsibility should be integrated into the MBA core curriculum   89% of Net Impact member respondents (compared with 67% of the general MBA population) agree with the statement that businesses should work towards the betterment of society MBA Perspectives 13 Net Impact, Spring 2007
  14. 14. APPENDIX Appendix A: Overall Gender During my Are you: STATISTICAL employment career, I SIGNIFICANCE MALE FEMALE will seek employment that is socially FREQ. TOTAL % FREQ. TOTAL % AT 95% responsible. 7% 3% YES Disagree (Net) 68 1033 24 830 20% 10% YES Neutral/No Opinion 206 1033 85 830 73% 87% YES Agree (Net) 759 1033 721 830 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Corporate Social Are you: STATISTICAL Responsibility is a SIGNIFICANCE MALE FEMALE topic that should be integrated into core FREQ. TOTAL % FREQ. TOTAL % AT 95% curriculum classes at MBA programs. 13% 6% YES Disagree (Net) 130 1033 47 830 16% 9% YES Neutral/No Opinion 165 1033 72 830 71% 86% YES Agree (Net) 738 1033 711 830 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. I believe that Are you: STATISTICAL businesses should SIGNIFICANCE MALE FEMALE work towards the betterment of FREQ. TOTAL % FREQ. TOTAL % AT 95% society. 10% 3% YES Disagree (Net) 101 1033 21 830 13% 10% YES Neutral/No Opinion 139 1033 83 830 77% 87% YES Agree (Net) 793 1033 718 830 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. MBA Perspectives 14 Net Impact, Spring 2007
  15. 15. Political Affiliation During my If registered to vote, are you: STATISTICAL employment career, I SIGNIFICANCE DEMOCRATIC REPUBLICAN will seek employment that is socially FREQ. TOTAL % FREQ. TOTAL % AT 95% responsible. 3% 9% YES Disagree (Net) 17 562 28 320 10% 23% YES Neutral/No Opinion 59 562 73 320 86% 68% YES Agree (Net) 486 562 219 320 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Corporate Social If registered to vote, are you: STATISTICAL Responsibility is a SIGNIFICANCE DEMOCRATIC REPUBLICAN topic that should be integrated into core FREQ. TOTAL % FREQ. TOTAL % AT 95% curriculum classes at MBA programs. 6% 15% YES Disagree (Net) 33 562 48 321 7% 15% YES Neutral/No Opinion 40 562 49 320 87% 70% YES Agree (Net) 489 562 223 320 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. I believe that If registered to vote, are you: STATISTICAL businesses should SIGNIFICANCE DEMOCRATIC REPUBLICAN work towards the betterment of FREQ. TOTAL % FREQ. TOTAL % AT 95% society. 4% 17% YES Disagree (Net) 22 562 54 320 10% 18% YES Neutral/No Opinion 58 562 58 320 86% 65% YES Agree (Net) 482 562 208 320 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Career History Prior (or concurrent) to enrolling in the MBA program, which of the following BEST describes your work During my STATISTICAL experience? employment career, I SIGNIFICANCE NONPROFIT/PUBLIC MEDIUM TO LARGE will seek employment SECTOR BUSINESS that is socially responsible. FREQ. TOTAL % FREQ. TOTAL % AT 95% 3% 6% YES Disagree (Net) 13 447 63 1091 7% 19% YES Neutral/No Opinion 33 447 208 1091 90% 75% YES Agree (Net) 401 447 820 1091 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. MBA Perspectives 15 Net Impact, Spring 2007
  16. 16. Prior (or concurrent) to enrolling in the MBA program, Corporate Social which of the following BEST describes your work STATISTICAL Responsibility is a experience? SIGNIFICANCE topic that should be NONPROFIT/PUBLIC MEDIUM TO LARGE integrated into core SECTOR BUSINESS curriculum classes at MBA programs. FREQ. TOTAL % FREQ. TOTAL % AT 95% 9% 10% Disagree (Net) 38 447 111 1091 NO 10% 13% YES Neutral/No Opinion 43 447 146 1091 82% 76% YES Agree (Net) 366 447 834 1091 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Prior (or concurrent) to enrolling in the MBA program, which of the following BEST describes your work I believe that STATISTICAL experience? businesses should SIGNIFICANCE NONPROFIT/PUBLIC MEDIUM TO LARGE work towards the SECTOR BUSINESS betterment of society. FREQ. TOTAL % FREQ. TOTAL % AT 95% 6% 8% Disagree (Net) 25 447 87 1091 NO 10% 12% Neutral/No Opinion 46 447 136 1091 NO 84% 80% YES Agree (Net) 376 447 868 1091 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Career Plans I believe that During my employment career, I will seek employment STATISTICAL graduate business that is socially responsible. SIGNIFICANCE schools are currently YES NO preparing students to lead businesses to work towards the FREQ. TOTAL % FREQ. TOTAL % AT 95% betterment of society. 26% 23% Disagree (Net) 394 1510 93 397 NO 32% 30% Neutral/No Opinion 478 1510 119 397 NO 42% 47% Agree (Net) 638 1510 185 397 NO Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. MBA Perspectives 16 Net Impact, Spring 2007
  17. 17. During my employment career, I will seek employment Corporate Social STATISTICAL that is socially responsible. Responsibility is a SIGNIFICANCE YES NO topic that should be integrated into core curriculum classes at FREQ. TOTAL % FREQ. TOTAL % AT 95% MBA programs. 6% 21% YES Disagree (Net) 97 1510 83 397 9% 28% YES Neutral/No Opinion 136 1510 111 397 85% 51% YES Agree (Net) 1277 1510 203 397 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. During my employment career, I will seek employment I believe that STATISTICAL that is socially responsible. businesses should SIGNIFICANCE YES NO work towards the betterment of FREQ. TOTAL % FREQ. TOTAL % AT 95% society. 3% 21% YES Disagree (Net) 50 1510 85 397 9% 22% YES Neutral/No Opinion 139 1510 88 397 87% 56% YES Agree (Net) 1321 1510 224 397 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Respondents who immediately after MBA will work in a medium to large enterprise, and then 5 years later either SHIFT career paths and work in a nonprofit, During my STATISTICAL small or single person business, or in the public employment career, I SIGNIFICANCE sector, or whether they will STAY and work in a will seek employment medium to large enterprise that is socially SHIFT STAY responsible. FREQ. TOTAL % FREQ. TOTAL % AT 95% 4% 9% YES Disagree (Net) 17 473 50 527 15% 24% YES Neutral/No Opinion 71 473 128 527 81% 66% YES Agree (Net) 385 473 349 527 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. MBA Perspectives 17 Net Impact, Spring 2007
  18. 18. Respondents who immediately after MBA will work in a medium to large enterprise, and then 5 years later Corporate Social either SHIFT career paths and work in a nonprofit, STATISTICAL Responsibility is a small or single person business, or in the public SIGNIFICANCE topic that should be sector, or whether they will STAY and work in a integrated into core medium to large enterprise curriculum classes at SHIFT STAY MBA programs. FREQ. TOTAL % FREQ. TOTAL % AT 95% 10% 11% Disagree (Net) 49 473 58 527 NO 14% 17% Neutral/No Opinion 67 473 87 527 NO 75% 72% Agree (Net) 357 473 382 527 NO Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Respondents who immediately after MBA will work in a medium to large enterprise, and then 5 years later either SHIFT career paths and work in a nonprofit, I believe that STATISTICAL small or single person business, or in the public businesses should SIGNIFICANCE sector, or whether they will STAY and work in a work towards the medium to large enterprise betterment of SHIFT STAY society. FREQ. TOTAL % FREQ. TOTAL % AT 95% 7% 10% Disagree (Net) 35 473 51 527 NO 10% 15% YES Neutral/No Opinion 45 473 78 527 83% 76% YES Agree (Net) 393 473 398 527 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Net Impact Membership Are you a Net Impact member? During my STATISTICAL NO, I am not interested in employment career, I SIGNIFICANCE YES joining. will seek employment that is socially FREQ. TOTAL % FREQ. TOTAL % AT 95% responsible. 2% 12% YES Disagree (Net) 18 746 53 438 7% 28% YES Neutral/No Opinion 49 746 124 438 91% 60% YES Agree (Net) 679 746 261 438 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. MBA Perspectives 18 Net Impact, Spring 2007
  19. 19. Corporate Social Are you a Net Impact member? STATISTICAL Responsibility is a NO, I am not interested in SIGNIFICANCE YES topic that should be joining. integrated into core curriculum classes at FREQ. TOTAL % FREQ. TOTAL % AT 95% MBA programs. 7% 16% YES Disagree (Net) 54 746 69 438 6% 20% YES Neutral/No Opinion 46 746 88 438 87% 64% YES Agree (Net) 646 746 281 438 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. Are you a Net Impact member? I believe that STATISTICAL NO, I am not interested in businesses should SIGNIFICANCE YES joining. work towards the betterment of FREQ. TOTAL % FREQ. TOTAL % AT 95% society. 3% 15% YES Disagree (Net) 19 746 64 438 9% 19% YES Neutral/No Opinion 67 746 83 438 88% 66% YES Agree (Net) 660 746 291 438 Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly disagree. MBA Perspectives 19 Net Impact, Spring 2007
  20. 20. Appendix B: Knowledge ratings4 Q: Please rate your general knowledge today about each of the following categories. First year MBA Second year Overall Male Female Category student MBA student (N = 2109) (N = 1033) (N = 829) (N = 1467) (N = 549) Corporate Social 3.32 3.32 3.36 3.24 3.50 Responsibility Environmental 3.08 3.21 2.98 3.01 3.22 Sustainability Nonprofits 3.01 2.85 3.28 2.95 3.13 Social Entrepreneurship 2.77 2.74 2.87 2.72 2.92 Microfinance 2.42 2.49 2.34 2.35 2.60 Renewable Energy 2.77 3.03 2.50 2.74 2.80 International 2.93 3.00 2.88 2.87 3.07 Development Scale: 1 = very low; 2 = moderately low; 3 = moderate; 4 = moderately high; 5 = high Q: Please indicate whether you would like to learn more about any of the concepts while you are pursuing your MBA. Overall Male Female First year MBA Second year MBA Category (N = 2105) (N = 1033) (N = 829) student (N = 1464) student (N = 548) YES NO YES NO YES NO YES NO YES NO Corporate Social 63% 56% 73% 64% 59% 9% 11% 6% 9% 11% Responsibility Environmental 57% 55% 62% 57% 56% 12% 13% 9% 12% 12% Sustainability Nonprofits 47% 39% 59% 48% 44% 19% 23% 12% 18% 21% Social 59% 55% 67% 61% 55% 10% 12% 6% 9% 12% Entrepreneurship Microfinance 53% 53% 55% 54% 51% 13% 13% 13% 12% 13% Renewable 54% 59% 50% 53% 56% 14% 12% 15% 12% 13% Energy International 67% 64% 72% 67% 65% 7% 8% 5% 12% 7% Development The percentage not shown is Possibly 4 Note: these have not been tested for statistical significance. MBA Perspectives 20 Net Impact, Spring 2007
  21. 21. Appendix C: Online Survey Form New Semester, New Perspectives: The Net Impact Survey of MBA Student Opinions on Business and Society Net Impact is embarking on a multi-year, longitudinal study of MBA students. Results will be shared with the media and broader public to demonstrate how current MBA students view the relationship between business and broader social and environmental concerns. Our goal is to conduct this survey annually to determine how MBA perspectives change over time. Please note: ONLY CURRENT MBA STUDENTS should participate in this survey. Thank you. 1. For how many years have you been enrolled in your MBA program?  1  2  3  4  5 2. Are you currently a part-time or a full-time student?  Part-time  Full-time 3. Which MBA program are you in? 4. Are you a Net Impact member?  Yes, I have been a member for six months or less.  Yes, I have been a member for more than six months.  No, but I plan to join in the next month or so.  No, but I would like to learn more about it.  No, I am not interested in joining 5. Prior (or concurrent) to enrolling in the MBA program, which of the following BEST describes your work experience?  Nonprofit organization  Public sector - municipal, state, federal  Medium to large business (100+ employees)  Small business (under 100 employees)  Single person business - no employees  No work experience to date 6. Immediately after you receive your MBA degree, which employment site do you most prefer to work in?  Nonprofit organization  Public sector - municipal, state, federal  Medium to large business (100+ employees)  Small business (under 100 employees)  Single person business - no employees  No work experience to date 7. Five to ten years after you received your MBA degree, which employment site would you prefer at that time?  Nonprofit organization  Public sector - municipal, state, federal  Medium to large business (100+ employees)  Small business (under 100 employees) MBA Perspectives 21 Net Impact, Spring 2007
  22. 22.  Single person business - no employees  No work experience to date 8. Please rate your general knowledge today about each of the following categories.  Corporate Social Responsibility  Environmental Sustainability  Nonprofits  Social Entrepreneurship  Microfinance  Renewable Energy  International Development 9. Please indicate whether or not you would like to learn more about any of the concepts while you are pursuing your MBA.  Corporate Social Responsibility  Environmental Sustainability  Nonprofits  Social Entrepreneurship  Microfinance  Renewable Energy  International Development 10. Corporate Social Responsibility is a topic that should be integrated into core curriculum classes at MBA programs.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 11. Business schools should place more emphasis on training socially and environmentally responsible individuals than they currently do.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 12. I believe that graduate business schools are currently preparing students to lead businesses to work towards the betterment of society.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 13. I am (or plan to be) a leader in a club or activity at the business school that emphasizes CSR, nonprofits, or other social/environmental benefits.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 14. Immediately following business school, I plan to focus on securing a job that is socially responsible.  Strongly disagree MBA Perspectives 22 Net Impact, Spring 2007
  23. 23.  Disagree  Neutral/ No opinion  Agree  Strongly agree 15. During my employment career, I will seek employment that is socially responsible.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 16. I believe that businesses should work towards the betterment of society [such as a healthier environment, the eradication of poverty, and other societal issues].  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 17. I believe that most corporations are currently working towards the betterment of society.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 18. Business professionals should take into account social and environmental impacts when making business decisions.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 19. The for-profit sector should play a role in addressing social and environmental issues.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 20. Corporate Social Responsibility makes good business sense because it leads to financial profits.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 21. Corporate Social Responsibility is the quot;rightquot; thing for companies to do.  Strongly disagree  Disagree  Neutral/ No opinion  Agree  Strongly agree 22. Please comment about the relationship between business and society (optional). MBA Perspectives 23 Net Impact, Spring 2007
  24. 24. 23. Please enter your email to win a chance for a $100 gift certificate to the online merchant of your choice. 24. Please describe where you currently live.  Urban area  Suburban area  Rural area 25. Are you  Male  Female 26. What best describes your ethnic and racial heritage?  Native American/ Alaskan Native  Asian  African American / Black  Hispanic, non-White  Hispanic, White  White, not Hispanic  Multi-racial 27. Please tell us your country of origin. 28. Please tell us your country of current residence. 29. If you are an American citizen, are you currently registered to vote?  Yes  No 30. If yes, are you registered:  Democratic  Independent  Republican 31. How often do you vote in presidential, statewide, and local elections?  Always  Sometimes  Rarely  Never MBA Perspectives 24 Net Impact, Spring 2007
  25. 25. Appendix D: Schools Surveyed Which MBA program are you in? Total Respondents University of Michigan - Stephen M. Ross School of Business 148 Duke University - Fuqua School of Business 140 111 Columbia University - Columbia Business School Georgetown University - McDonough School of Business 110 Wake Forest University - Babcock Graduate School of Management 104 University of North Carolina - Kenan-Flagler Business School 102 Northwestern University - Kellogg School of Management 77 Emory University - Goizueta Business School 71 Brigham Young University - Marriott School of Business 70 Cornell University - Johnson Graduate School of Management 62 University of Wisconsin Madison - Graduate School of Business 62 Saint Joseph's University - Haub School of Business 54 INSEAD 50 University of Denver - Daniels College of Business 48 University of Washington - Business School 47 University of California Berkeley - Haas School of Business 42 Rice University 41 Yale University - Yale School of Management 41 Erasmus University - Rotterdam School of Management 38 Dartmouth College - Tuck School of Business 37 Vanderbilt University - Owen Graduate School of Management 37 Norwegian University of Science & Technology (NTNU) 36 University of Alberta - School of Business 35 Purdue University - Krannert School of Management 32 IMD Lausanne 29 York University - Schulich School of Business 24 Simon Fraser University - School of Business 21 University of California Davis - Graduate School of Management 21 Pepperdine University - Graziadio School of Business and Management 19 Harvard University - Harvard Business School 18 University of Minnesota - Carlson School of Management 18 University of Southern California - Marshall School of Business 17 Monterey Institute of International Studies 16 Thunderbird University - The American Graduate School of International 16 Management Simmons University 15 University of Alabama - Manderson Graduate School of Business 13 Georgia Tech - College of Management 12 George Washington University - School of Business and Public Management 11 New York University - Stern School of Business 11 North Carolina State University 10 University of San Francisco - School of Business and Management 10 Carnegie Mellon University - Tepper School of Business 9 Instituto de Empresa 9 San Francisco State University - College of Business 8 Babson College - F.W. Olin Graduation School of Business 7 Bainbridge Graduate Institute 6 Georgia State University 6 University of New Mexico - Anderson Graduate School of Management 6 MBA Perspectives 25 Net Impact, Spring 2007
  26. 26. University of Pennsylvania - The Wharton School of Business 6 University of Texas Austin - McCombs School of Business 6 University of Toronto - Rotman School of Management 6 University of California Los Angeles - Anderson School of Business 5 Boston University - Graduate School of Management 4 Brandeis University 4 Indiana University - Kelley School of Business 4 Swedish School of Economics and Business Administration - Helsinki 4 Case Western Reserve University - Weatherhead School of Management 3 McGill University - Faculty of Management 3 Oxford University - Said School of Business 3 Stanford University - Stanford Graduate School of Business 3 University of Chicago - Graduate School of Business 3 University of Colorado - Leeds School of Business 3 University of Maryland - Smith School of Business 3 University of Virginia - Darden Graduate School of Business Administration 3 Washington University - Olin School of Business 3 HEC - School of Management 2 Indian School of Business 2 Melbourne Business School 2 Presidio School of Management 2 University of Geneva 2 University of Kansas - School of Business 2 Boston College - Carroll Graduate School of Management 1 Dalhousie University - Faculty of Management 1 ESSEC 1 Massachusetts Institute of Technology - Sloan School of Business 1 Penn State University - Smeal College of Business 1 Portland State University - School of Business Administration 1 Saint Louis University - John Cook School of Business 1 Santa Clara University 1 University of Arizona - Eller Graduate School of Management 1 University of British Columbia - Sauder School of Business 1 University of Cincinnati 1 University of Notre Dame - Mendoza College of Business 1 University of Rochester - William E. Simon Graduate School of Business 1 University of Utah - Eccles School of Business 1 Villanova University - College of Commerce and Finance 1 MBA Perspectives 26 Net Impact, Spring 2007
  27. 27. Appendix E: Respondent Quotes “The key business role is to develop society, not profits.” “Businesses contribute to society if they respect shareholders’ rights and interest. Other than that, it is a waste of time and money.” “Businesses that cross boundaries and borders have the opportunity to make social change in a way that government simply cannot.” “My initial impression is that promoting CSR is an attempt to impose liberal policies and politics on corporations and employees. To the extent that is the case, I think CSR promotion would be an economic and moral disaster.” “Even if CSR has no effect on profits, [businesses] should do it because it's the right thing to do.” “The word on the street is that this is the only planet currently capable of supporting human life. Any venture that does not actively address this reality should be taxed accordingly.” “Markets are powerful enough to allocate capital in the best interest of humanity.” “While doing business, society should be taken care of but it need not go hand in hand. Business is all about making profits and considering society at every stage might not be fruitful for the end result-profit.” “It should not be a business school’s responsibility to educate or make people more responsible. This should have been done by society and the family decades prior to students undertaking a MBA.” “Business owes its foundation to an advancing society and thus needs to invest in that advancement.” “There is a fine line between simply doing good, and making a positive impact on the triple bottom line. It is the latter that many businesses fail to recognize.” “Business is by itself a force toward social progress.” “After working in the nonprofit sector for a couple of years, I have determined that the majority of nonprofits lack the efficiency and expertise to address social problems in an efficient manner. Business is the most nimble and capable of the sectors in the US economy.. .therefore, business approaches to solving social problems will be the most capable and practical.” “The purpose of a company should be to promote and enhance the community in which it resides and society in general. Companies who focus more on earnings and less on social responsibility are counterproductive to this aim.” “Businesses benefit from society in general and therefore are not only quot;responsiblequot; but also morally obligated to reciprocate a return on society's investments.” “CSR gives businesses an excuse not to integrate environmental and social concerns into their core business strategies. As long as these issues are considered only as a way of livening up a company's annual report, they will never fundamentally change their business practices.” “Businesses help set the standard for socially responsible practices and lead governments in forming the right policies for regulation.” “Profitability is easy. Changing the world is hard.” MBA Perspectives 27 Net Impact, Spring 2007
  28. 28. ACKNOWLEDGEMENTS Net Impact would like to thank all students and administrators who helped to distribute this survey to their student body. We would also like to thank two interns who contributed to this analysis: Sara Martinez and Andrea Schuenke. Finally, a big thank you to member Katerina Tsasis who volunteered her time and expertise to help our statistical analysis and reporting. MBA Perspectives 28 Net Impact, Spring 2007
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×