CEMS2110 Sustainability Transition and Business (5 cr)
Learning outcomes
On successful completion of the course, students will be able to:
-identify prevailing change factors and key concepts related to sustainability transition
-explain and reflect main approaches to socio-technical change
-describe industry life cycle concept
-explain and give examples about new business potential created by current megatrends
-understand change management practices and resources
-understand basic principles of foresight studies
-produce group assignment by applying backcasting approach
Study methods
Contact teaching course. Autumn semester, 1st period. The stydy methods of the contact teaching course are specified in the study program annually.
Content
Current megatrends and socio-technical change factors (e.g. globalization, servitization, digitalization), which formulate business environment. Multi-disciplinary concepts and discourses related to sustainability transition such as green growth, (knowledge-based) bioeconomy, circular economy and service-based economy. Mainline approaches to the socio-technical change (e.g. transition management, strategic niche management, multilevel perspective). Introduction of the industry life cycle concept. New business potential and change management (incl. resources and innovations) in organizations. Global, regional and sector/company level case examples of sustainability transition. Brief introduction to foresight approaches. Group assignment by applying backcasting approach.
Materials
Lecture slides and other references given at the lecture
Assessment criteria
Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.
Prerequisites
CEMA2110 Business, Society and the Environment