Griffith Business School Associate Professor Nick Barter says the Sustainable Games initiative, spearheaded by Principles for Responsible Management Education, is an important opportunity to foster social entrepreneurship among the business leaders of tomorrow.
“We are faced with an uncompromising economic landscape today, particularly in areas like infrastructure, income inequality, business ethics, finance, education and climate science,” he said.
“This competition asks students to come up with innovative business models that have the potential to drive global environmental, social, and governance progress well into the future.
“It is an opportunity for students to identify key issues confronting society and then to design a business model that addresses the issue with an effective, sustainable solution. They are encouraged to think creatively and collaborate globally.”
Sustainable Games: The Business Model Challenge is organised by PRME in association with Cornerstone Capital Group, RobecoSAM and the Clinton Global Initiative.
Student teams, made up of 3–5 members, have the chance to win a first prize of US $25,000 if their submission comes out on top when the winner is announced in New York in November.
The first step, however, is to register a team before March 27.
“I’m confident that Australian-based students can show the way with innovative, thoughtful, far-reaching entries,” the Griffith Business School Associate Professor, PRME chapter leader for the Australian and New Zealand region, said.
Business models will be based on a designated domain including banking/finance, collaboration, diversity/human capital, energy/power, planet/biodiversity/nature, security, urban innovation/infrastructure and data/tech/gaming.
A two-page submission detailing the business model must be entered by May 18. Eight finalists will be announced and will have access to exclusive networking and mentoring opportunities from July.
The winning team will be granted ownership of the domain that matches their business model, and will receive exposure in Cornerstone’s global thought-leading Journal of Sustainable Finance & Banking.
Griffith Business SchoolGriffith Business School's new $38-million building on the Gold Coast campus is setting the standard for business education, research and industry collaboration in Australia.
Postgraduate business degrees at Griffith University, including the MBA, give you the opportunity to expand on your existing skills, knowledge and experience. You can deepen your knowledge of a certain area to become a specialist, or broaden your knowledge to take the next steps in your career. At the same time, you’ll gain a solid business foundation, responsible leadership skills and an understanding of sustainable business practices.