In 2030, business and management schools worldwide are widely admired for their contributions to societal well-being. Business and management scholarship has been central to solving society’s challenges, such as the achievement of the United Nation’s Sustainable Development Goals. Research is timely and cutting edge, producing well-grounded knowledge on pressing problems. Both schools and scholars are committed to the principles of responsible research, which are embedded in the core curriculum of doctoral education and shape how students at all levels are educated. The results of responsible research are widely taught in the classroom, educating students as responsible leaders in their chosen professions. Research has helped students, organizations, and communities of all kinds to develop effective systems leading to high and responsible economic performance, great innovations, positive employee and customer well-being, a thriving natural environment, and strong communities. Many schools have focused areas of research and centers of excellence in their chosen areas of expertise. Standards of excellence are attuned to local conditions and the needs of surrounding communities; schools in different parts of the world have followed various paths to achieve excellence. Many schools have contributed valuable knowledge to support humanity’s highest aspirations within the planetary boundaries, including poverty alleviation; access to food, clean water, and education; sustainable consumption and use of natural resources; greater gender and social equality; inclusion; growing prosperity; fair wealth distribution; and a responsible and resilient financial sector. Business leaders and government officials are frequent guests in business and management schools, seeking advice on policies and offering support for research on issues that need understanding. Business and management research is a model of “responsible science” after a major transformation that began in 2017.
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