Responsibility for Competitiveness Stockholm School of Economics Sharing Information on Progress Report 2013-2015
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Responsibility for Competitiveness Stockholm School of Economics Sharing Information on Progress Report 2013-2015 1 For further information regarding this report please contact: Associate Professor Lin Lerpold Executive Director and Acting Professor Mistra Center for Sustainable Markets (MISUM) Stockholm School of Economics E-mail: [email protected] Phone: +46-8-736 9736 Currency conversion rates (1 June 2015) used: 1 USD = 8.5797 SEK = 0.9151 EUR Graphic design: Göran Lindqvist Responsibility for Competitiveness © 2015 Stockholm School of Economics ISBN: 978-91-7258-973-5 (pdf) 2 A word from the President SSE’s commitment to PRME he Stockholm School of Secondly, SSE has received a grant of Economics hereby submits its SEK 40 million (USD 4.7 million) from Tfirst Sharing Information on the Global Challenges Foundation to Progress (SIP) Report for the period redesign the flagship Bachelor program 2013-2015 to the PRME Secretariat. around our times’ biggest sustainability The School became a member of challenges. Significant redesign plans are the PRME in 2013. In this our first SIP being prepared and the program starting report, we report on developments since in 2016 will focus on a number of global signing up to PRME and key objectives challenges throughout the three-year for the coming 24 months. I am proud to Bachelor program. highlight three especially significant and Finally, it has been decided that strategically important initiatives since all SSE programs (BSc, MSc, MBA SSE joined the PRME. Executive Format and PhD) will either Firstly, the Mistra Center for have mandatory courses in Corporate Sustainable Markets (MISUM) started Responsibility and Sustainability or have on January 1st, 2015 with a founda- clearly articulated integrated sessions tion grant of SEK 55 million (USD 6.4 in all courses. Thus, responsibility and million). This new center of excellence sustainability will be integrated into all had been in the making for three years SSE programs by 2016 and all graduates and already includes some 17 research- from that time will be able to address ers with diverse research backgrounds. responsibility and sustainability chal- In addition to research, MISUM has lenges in their future careers. an equally important mission to ensure The undersigned, President of that sustainability research is integrated the Stockholm School of Economics, throughout SSE educational programs hereby renews our institutional commit- and has a wider outreach to society ment to the Principles for Responsible stakeholders. Management Education. Stockholm, June 2015 Professor Lars Strannegård President 3 Ranking 2014 Financial Times ranking of European business schools SSE Nordic rank – 1 SSE European rank – 26 2014 Financial Times global rankings Master in Management – 33 Executive MBA – 95 2015 Financial Times global rankings Master in Finance – 12 Executive Custom Programs – 31 Executive Open Programs – 37 4 SSE facts and figures Employees Double degree collaborations 3 (Bocconi, St Gallen, Sciences Po) Number of employees 252 of which PhD student teaching assistants 34 Executive Education programs 137 Administrative staff 105 participants approx. 4,000 Faculty 147 full professors 35 Research associate professors 33 assistant professors 32 Departments 6 adjunct professors, lecturers and other 47 Research institutes 8 Research centers 14 Students Publications, 2008–2012 excl. research institutes 1,116 Bachelor and Master students, FTE 1,770 incl. research institutes 1,493 Number of students, headcount: Articles in international peer-reviewed Bachelor (44% female, 56 % male) 1,181 journals, 2008–2012 Master (42% female, 58 % male) 777 excl. research institutes 342 Executive MBA 83 incl. research institutes 415 PhD 134 PhD dissertations, 2013–2014 34 Exchange students 2014-2015: incoming 173 Research collaboration, 2010–2012 outgoing 205 international universities 199 in countries 38 Placement: Master students with jobs companies, public agencies and non- within 3 months of graduation or earlier 93% academic institutions 201 Programs Internationalization Bachelor programs 2 Member of CEMS, PIM, APSIA, ARCS, PRME (Business and Economics, Retail Management) Master programs 5 Partner Universities 74 (International Business, Finance, Offshore activities: EMBA and executive educa- Business & Management, Economics, tion at SSE Russia, Bachelor and EMBA education Accounting & Financial Management) at SSE Riga, executive education together with MBA Executive format program 1 Hanken School of Economics, Finland. Doctoral programs 3 (Business Administration, Finance, Economics) Corporate connections Corporate Partnership Program partners 113 5 66 Mission, vision and values Embedded in responsibility to society for over 100 years he Stockholm School of Economics (SSE) multilateral policy organizations such as the EU, is situated in one of the most dynamic IMF, UN, and OECD. Tand vibrant cities of Europe. With a rapid SSE is an institution that just celebrated its 106th annual growth, the city of Stockholm is the politi- anniversary. (For major milestones, see Appendix 1.) cal, cultural and economic center of Sweden. The It was founded in 1909 as an independent, private Swedish economy is among the most international institution in response to the dramatic growth of the in the world, with truly global companies like Swedish economy during the last two decades of Ericsson, Astra Zeneca, Ikea, Sandvik, Skanska, the 19th century – a period when GDP increased by H&M as well as newly started innovative compa- roughly 70%. Companies such as Atlas (today Atlas nies such as Klarna, Skype and Spotify. With its Copco), Ericsson, Asea (today ABB), and Scania many global headquarters, its world-class universi- were founded and also becoming increasingly active ties, its cultural institutions and creative industries, in international markets, not only as suppliers of Stockholm has become an internationally recog- raw materials but also as exporters of manufactured nized innovation center. In 2013, The Economist goods. The need for advanced business education presented Sweden as a global role model regarding that should be directly relevant for running complex social organizing and economic policy. The Nobel businesses led to the start of SSE in 1909 when a Foundation is headquartered in Stockholm and the number of key individuals in the Swedish industry rate of innovation is very high in the Stockholm raised a substantial sum of private capital, the city region. of Stockholm made a substantial donation, and the SSE is deeply embedded in this environment, Swedish government promised to support the School where it plays a significant role as an intellectual with an annual grant. This century-old funding center for thought on business, management, model is still in place. economics, finance and policy. The School is very The SSE mission statement, first formulated in much involved in the Nobel activities. We have a 1909 in the School’s founding charter, and still as Nobel Prize laureate of its own (Bertil Ohlin), and valid today: current members of the faculty are members of the Nobel Committee. Among Swedish listed compa- SSE’s mission: nies, 18% of the members of the senior manage- “The objective of the Stockholm School of ment teams and 27% of the board members have a Economics is to, through scientific teaching and degree from SSE. SSE graduates also have influ- research, strengthen Sweden’s competitiveness.” ential positions in the media, government, policy- SSE Charter, Section 1 making and civil society organizations. Yet, SSE only educates 4% of the total number of business and economics graduates in Sweden! Additionally, Hence, the School’s raison-d’être has been and graduates become international entrepreneurs continues to be to support the business community or accept international positions in business or in and industry of Sweden by providing research and 7 academically based education. SSE has always real-time realities are used in learning. The strate- worked closely with the business world and soci- gic challenges are thus addressed through teaching ety at large and the business community has been and research, and when appropriate, the research intimately involved with the School’s development. results can be integrated in teaching as well. SSE also serves as a partner in first securing top talent and then by designing executive training programs SSE’s vision: that support life-long learning and create strategic The SSE vision is to firmly establish itself as a change. This strategic cycle creates a structured member of the top tier of European business process for executing SSE’s mission in society and schools and to be recognized as a global bench- realizing the vision of being a global benchmark for mark for industry collaboration and for thought- industry collaboration. SSE’s two founding pillars leadership in selected knowledge fields. are academic rigor and relevance to business and society. These are the prime tools for executing on the mission. Our core values are: Scientific, The work of the School has been based on rigor- Responsible and Transparent. Additional distin- ous academic research reflected in its teaching and guishing values are Inventive, International and the close links with business and society have been Excellent. preserved. This focus on rigorous research allied to The mission and the vision of SSE, already spelt the very close involvement with business is what we out by its founders, was to provide education and