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Societal Impact

WFI gives significant prominence of creating and delivering societal impact. We believe that all business schools, and indeed all higher education institutes, have a responsibility to lead by example in nurturing the next generation of business leaders to contribute meaningfully to society. It is essential to set an example for our students and partners in demonstrating that societal impact is not just an aspiration but a reality that everyone can embrace. Business has a moral and existential responsibility to be a change for good in the world, and it can start right here, at business schools.

How we foster, create and promote societal impact through our actions at WFI...

Societal Impact through our Curriculum

Social Impact Start-up Academy (SISTAC), an initiative developed by Bayer Foundation and Prof. Dr. Andre Habisch at WFI enables master’s students in the Social Innovation course at WFI to work with social entrepreneurs in sub-Saharan Africa over a 12-month period to jointly address challenges of upscaling the African social innovator’s business model. Creating remarkable social impact over a sustained period of time, SISTAC will usher in its fifth cohort in autumn this year. This unique action learning program actively supports United Nations Sustainability Goals #2 (zero hunger) and #3 (good health and wellbeing) while providing evidence of curriculum-driven social impact at WFI.

Here are some other select examples of our societal impact through our Curriculum...

Societal Impact through Research and Knowledge Transfer

KU’s Research Institute for Business and Economics in Service of Humanity (BESH) is a mission-driven research institute that produces, nurtures, disseminates, and celebrates academic research that makes a societal contribution. Research by the four WFI professors who are founding directors of BESH addresses important societal topics such as parental choice of healthy food for their children, financial well-being and resilience,  migrant worker skills, labor market returns to human capital, and export price and wages of rural workers. BESH, along with the soon-to-be-launched KU Center for Ethics and Sustainability (launching in October 2022) demonstrate a research agenda that values societal impact. The inter-disciplinary Ethics and Sustainability center will be housed in a 15th-century building (Georgianum) in the historic city center of Ingolstadt, steps away from the WFI campus, is a collaboration with faculty from WFI, and the schools of Mathematics and Geography, Theology, and Philosophy & Education. These two research centers also point to KU and WFI’s investment in research, people, and resources towards meaningful impact that benefits society.

Here are some other select examples of our societal impact through research and knowledge transfer...

Fostering and Promoting Societal Impact

Faculty members at WFI actively provide their time, expertise and mentoring to aid societal impact initiatives in the community. One such initiative where faculty members foster immediate societal impact involves multiple WFI professors who work with, mentor, and evaluate high school students who address societal challenges as part of the YES! Young Economic Summit. The Faculty Council governance structure at WFI promotes the regular exchange of ideas and initiatives among all internal stakeholder groups at WFI, which leads to enhanced collaboration and participation in mission consistent activities.

Here are some other select examples of how we foster and promote societal impact.