NUCB Business School Principles for Responsible Management Education Sharing Information on Progress Report 2020-2021 1. Our continued dedication to PRME On behalf of NUCB Business School and all of our stakeholders, we submit our SIP Report for 2020-2021 and reiterate our pledge to uphold the Principles for Responsible Management Education (PRME). This is our fourth SIP Report since we first endorsed PRME in July 2013. In line with our motto "Frontier Spirit'', we are steadfastly committed to providing quality learning programs and engaging services to our students. Consistent with this motto, NUCB Business School supports the six major principles of the PRME. It has already been a year and a half since we were faced by a global health crisis, just one hundred years after the influenza pandemic, the world's societies and economies were once again exposed to waves of deadly pandemics. But as history has proven, in times of adversity such as these, we must always persevere and take on the challenge head on. Today, NUCB Business School continues to be a trailblazer as defined by its motto of ‘frontier spirit’ and its efforts to create positive impact leaders. As such, our challenge is to continue seeking more efficient and effective ways to maintain high quality business education in times of adversity and calamity. In response to the most recent pandemic, NUCB Business School was the first institution in Japan to close its campus and move all of its classes online and offer assistance for students suffering financially from the loss of part-time work and support from their parents. While this could be cited as a successful response, the School is aware that such challenges will no doubt occur again in the future. Thus, in order to ensure that high quality business management education can be maintained in times of adversity and calamity, we must continue to develop more effective and efficient educational systems and strengthen crisis response capabilities among faculty and students. Finally, again, we are pleased to submit this SIP report, which details our successes and ongoing efforts to promote responsible management education and corporate responsibility. Sincerely, Yasutomi Kitahara, Dean NUCB Business School 1 2. About NUCB Business School NUCB Business School was established by the Kurimoto Educational Institution (KEI) as a non-profit private graduate school of management in 1990, and is located in the business district of Nagoya, Japan. The founder of KEI, Dr. Yuichi Kurimoto, was the first Japanese person to graduate from the University of Alberta, Canada in 1930. Dr. Kurimoto’s experience in Alberta inspired the School’s motto of ‘Frontier Spirit’ which is the cornerstone of the NUCB Business School educational philosophy. The driving force that founded the School was a vision to develop business leaders who, through a global mindset and an innovative approach to business leadership, would bring about the transformational change required for Japanese companies to succeed in a rapidly changing business environment. The School quickly gained recognition for offering innovative master degree programs focused on general management, tax accounting, and information technology management. In 2006, it became the second AACSB accredited business school in Japan and in 2009, it became the first AMBA accredited business school in the country. As the School gained a reputation as a leading provider of case method managerial education nationwide, new satellite campuses were opened in Tokyo (2005) and Osaka (2007), and its main campus was also upgraded to meet the needs of a growing student population to the modern Marunouchi Campus (2015) in a 14-storey state-of-the-art building in the heart of Nagoya’s financial district. In its 30-year history, NUCB Business School has grown from pioneering beginnings with a student population of 24 to becoming one of the largest graduate institutions in Japan with a current student body of 523. Mission Statement NUCB Business School’s mission is to educate innovative and ethical leaders who possess a ‘Frontier Spirit’ and to create knowledge that advances business and society. Our students will have the ability to bridge the gap between New Asia and the rest of the world. Vision NUCB Business School will be a premier business school in Asia through practice‐oriented learning combining tradition with innovation and international programs. Core Values 1. Being innovative and creative in curriculum design 2. Balancing between theory and practice in teaching and research 3. Behaving with exemplary ethical standards at all times 4. Taking a global and historical perspective into all endeavors 5. Being aware of social values and trends 6. Valuing participant centred learning and individual attention in teaching 7. Valuing the diversity of faculty and students 8. Providing international opportunities with leading business schools 9. Implementing rigorous assessment for credit recognition 10. Providing the best possible living environment for studying 2 Frontier Spirit The energy driving the mission of the School is the ambition and optimism behind the ‘Frontier Spirit.’ This school motto has been developed through the overseas experience of Dr. Yuichi Kurimoto, the founder of the School. The School encourages students, faculty, and staff to create their own path to a new era with courage and hope. New Asia With the development of its new strategy in 2017, the School redefined ‘New Asia’ in recognition of a region transforming from the world’s largest factory markets into major world markets in their own right. NUCB Business School now views ‘New Asia’ as a region even more important to the world’s prosperity with a strong trade capacity and high consumption power. Asian economies are being transformed by export-driven industrialization, urbanization, rapid adoption of technologies, and multilateral linkages among countries. The School continues to be committed to producing business leaders who can shape and develop this dynamic market in the 21st century. 3 3. Overview of practical actions 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. The School’s commitment to ethics, responsibility and sustainability is embedded in its Mission, and deeply rooted in all aspects of the institution as highlighted in one of the core values to ‘always act with exemplary ethical standards’. As such, diversity awareness and matters related to ethical and responsible management have been integrated in the learning goals across all of the School’s programs. In addition, PRME related initiatives are also embedded into the School’s Strategic Plan 2017-2021 with Goal 4 dedicated to Social Responsibility and Sustainability. This goal is further divided into two categories: (1) actively utilize our advantages to benefit society, and (2) further strengthen efforts instilling the importance of socially responsible behavior to stakeholders. A number of action plans were set out under each category for which the status as of March 2021 is detailed below. Goal 4: Social Responsibility and Sustainability Strategic Area 4.1 - Actively utilize our advantages to benefit society Action Plan Responsible Division Current Status Establish a center for entrepreneurs to support both future business Executive Committee Completed successors in enhancing their present business as well as converting business ideas of student entrepreneurs to reality. Further enhance the content of complimentary seminars and workshops External Relations Ongoing in order to solve challenges among business leaders. Office Be involved in activities to enhance female career development. Dean, Academic Affairs, Ongoing External Relations Office Offer free workshops and seminars to deepen understanding of the case External Relations Ongoing method to educators including high school teachers. Office Actively play a role in The Japan Society for Business Succession in order External Relations Ongoing to support family business succession. Office Strategic Area 4.2 - Further strengthen efforts in instilling the importance of socially responsible behaviour to stakeholders Action Plan Responsible Division Current Status Integrate diversity awareness as well as ethical and responsible AOL Committee Completed management issues in the learning goals of all programs. Encourage faculty and students to participate in the activities to solve Dean, Managing Director Ongoing social problems both nationally and internationally. Develop a document to show commitment to provide an environment of Dean, Managing Director Completed trust and mutual respect and to place emphasis on diversity. 4 PRINCIPLE 2 Values: We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact. Core Values of the School NUCB Business School’s Community Values Agreement was developed to reflect the School’s commitment to ethical standards highlighted in the Mission developed in 2017. The values detailed in this agreement define the community and its purpose to create a shared environment of trust and mutual respect with an emphasis on diversity. These values are observed by all those involved in the School’s activities including students, executive program participants, faculty, staff and alumni. Some of the values outlined in the agreement include