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Home>Tongji and MIT Team up to Support Circular Economy Idea: MBA News
Tongji and MIT Team up to Support Circular Economy Idea: MBA News
Tongji and MIT Team up to Support Circular Economy Idea: MBA News main image
Leading institutors Tongji University in China and the Massachusetts Institute of Technology (MIT) in the US have this week become the latest supporters of the Schmidt-MacArthur Fellowship program, a scheme that aims to bring graduate business students and academics together in a bid to restructure the economy by championing sustainable business models based on the idea of a circular economy.
“MIT and Tongji University will join a powerful interdisciplinary group of educational institutions focused on design, engineering and business as the disciplines best placed to unlock the benefits of the circular economy,” Dame Ellen MacArthur told the Financial Times.
The circular economy model is an alternative to the current mainstream economic thinking. The current model is a linear; businesses source a product, make it into something, sell it to the consumer and then, at the end of its use, it is thrown away. The circular economy idea aims to reshape the entire system from the beginning. In this concept, the product is created to be recycled, meaning that the product is considerably more economically and environmentally sound. The product is cheaper for the consumer and works to provide sustainable business regardless of resource prices or availability.
MIT joins London Business School in support of the program’s vision of a circular economy
The program, which is a joint initiative between the Schmidt Family Foundation in the US, and the Ellen MacArthur Foundation in the UK has already been backed by numerous business schools and universities including London Business School, Imperial College London, Yale, University of California Berkeley and Stanford. The Schmidt-MacArthur Fellowship program is open to graduate students and mentors who will attend a six-week intensive summer school in London before returning to their respective schools to complete a circular economy innovation project.
Dame Ellen MacArthur, round-the-world yachtswoman, innovator and founder of the Ellen MacArthur Foundation, heads the launch of the foundation’s solo project of its very own MBA program at the Bradford School of Management in the UK this January. The foundation, which already runs a six-week online EMBA program at the Bradford School of Management, asserts that the full-time MBA program will encompass the standard MBA curriculum but also give a strong focus to the circular economy model so that graduates develop an awareness of and commitment to sustainable business practices.
Tongji and MIT Team up to Support Circular Economy Idea: MBA News
By QS Contributor
Updated UpdatedLeading institutors Tongji University in China and the Massachusetts Institute of Technology (MIT) in the US have this week become the latest supporters of the Schmidt-MacArthur Fellowship program, a scheme that aims to bring graduate business students and academics together in a bid to restructure the economy by championing sustainable business models based on the idea of a circular economy.
“MIT and Tongji University will join a powerful interdisciplinary group of educational institutions focused on design, engineering and business as the disciplines best placed to unlock the benefits of the circular economy,” Dame Ellen MacArthur told the Financial Times.
The circular economy model is an alternative to the current mainstream economic thinking. The current model is a linear; businesses source a product, make it into something, sell it to the consumer and then, at the end of its use, it is thrown away. The circular economy idea aims to reshape the entire system from the beginning. In this concept, the product is created to be recycled, meaning that the product is considerably more economically and environmentally sound. The product is cheaper for the consumer and works to provide sustainable business regardless of resource prices or availability.
MIT joins London Business School in support of the program’s vision of a circular economy
The program, which is a joint initiative between the Schmidt Family Foundation in the US, and the Ellen MacArthur Foundation in the UK has already been backed by numerous business schools and universities including London Business School, Imperial College London, Yale, University of California Berkeley and Stanford. The Schmidt-MacArthur Fellowship program is open to graduate students and mentors who will attend a six-week intensive summer school in London before returning to their respective schools to complete a circular economy innovation project.
Dame Ellen MacArthur, round-the-world yachtswoman, innovator and founder of the Ellen MacArthur Foundation, heads the launch of the foundation’s solo project of its very own MBA program at the Bradford School of Management in the UK this January. The foundation, which already runs a six-week online EMBA program at the Bradford School of Management, asserts that the full-time MBA program will encompass the standard MBA curriculum but also give a strong focus to the circular economy model so that graduates develop an awareness of and commitment to sustainable business practices.
Learn more about Bradford School of Management >
This article was originally published in . It was last updated in
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