Last year, students enrolled in LBS’ Master of
Business Information Management and Systems (MBIMS)
designed a digital twin inspection tool as part of the subject Business
Intelligence Project Analysis and Design (BUS5BPD) in
semester 2, 2018. The project was for Deloitte, and the app had to be
compatible with Apple technology. This project continued during semester 1,
2019 for the subject Business Intelligence Project Implementation (BUS5BPI).
The project was again for the Australian Marine and
Ship Services, a fictitious company. However, instead of creating a digital
twin inspection tool, the scope was changed to creating a 5-modular-inspection
tool app using Xcode/Cocoapods with connection to SAP Cloud Platform. Xcode is an integrated development
environment for macOS containing a suite of software development tools while
CocoaPods allows developers to easily integrate 3rd party frameworks into their
projects. The 5 modules were:
Data Entry and Image Capturing
Bar Code/Geographic Location
Red vs Blue Team
The students split into teams (red vs
blue) and started a competition to build the mobile Ship Inspection tool. There
was a total of five red teams competing against five blue teams and each
team developed each module.
The teams had to start with the Requirements Analysis of the 5-modular-inspection tool app and compile inter-dependencies of the modules to one another. Then, they designed each module which later was be integrated in one app and installed in an iPad Mini.
Lectures, seminars and workshops
The subject was
coordinated and delivered by Dr Petrus
Usmanij and Naren Shanbhaq from
La Trobe Business School. Although most lab sessions and lectures were held at
LTU Melbourne Campus, some of the seminars were delivered at the Deloitte
Training Centre (550 Bourke Street, Melbourne). Deloitte also delivered a Design
Thinking Workshop. Furthermore, the teams were trained and mentored by Senior
Consultants from SAP, Apple and Deloitte, particularly in the coding for the
development of each module. All project documents such as the planning document
and blueprint were reviewed by LBS staff and Deloitte consultants.
Very few students had coding experience, but both teams put together a well-designed app. The red team successfully connected the 5-modular-inspection tool app to the SAP Cloud Platform, while the blue team used another alternative cloud platform namely Firebase in their development. Ultimately, the teams presented their work during an evening hosted by Deloitte at their office in Melbourne. After the presentations and Q&A sessions, the red team was selected as the top team based on app creation and cloud connectivity, and was awarded prizes by Deloitte.
“We are very proud that this partnership has provided so much value to La Trobe and its students and look forward to continuing this initiative.”
More people globally are expected to join the middle class over the next two decades. These socio-economic and demographic changes are good for individual prosperity but will increase demand for already constrained natural resources. Societies need to find just and equitable ways to meet individual needs and aspirations within the ecological limits of the planet.
According to United Nations Development Programme (UNDP, 2019), 2 billion people are overweight or obese, 1.3 billion tonnes of food is wasted every year, while another 2 billion people go hungry or undernourished. When it comes to water, only 3% of the world’s water is fresh (drinkable) and humans are using it faster than nature can replenish it. Consumption is not just about food and drinks, it is the use of any good or service. Energy consumption for example – if people everywhere switched to energy efficient light bulbs, the world would save US$120 billion annually. In addition, only one-fifth of the world’s final energy consumption in 2013 was from renewable sources.
Looking at production, the food sector
accounts for around 22% of total greenhouse gas emissions, largely from the
conversion of forests into farmland. Also, agriculture is the biggest user of
water worldwide, and irrigation now claims close to 70% of all freshwater for
The focus of SDG 12
Sustainable development goal twelve (SDG
12) aims at decoupling economic growth from environmental damage and natural
resource exploitation. Responsible consumption and production are about
promoting resource and energy efficiency, sustainable infrastructure, and
providing access to basic services, green and decent jobs and a better quality
of life for all. Their implementation helps to achieve overall development
plans, reduce future economic, environmental and social costs, strengthen
economic competitiveness and reduce poverty (UN Sustainable Development Goals, 2019).
Australia and SDG 12
Below are some examples of Australia’s best
practice in addressing SDG 12.
the systems level, supply chain logistics group Brambles, deploys a circular share
and reuse system through its vast network. This model supports greater
collaboration opportunities, reduces costs, carbon emissions, waste, and demand
on natural resources.
Australian Government and the Australian Water Partnership fund the Alliance for Water Stewardship (Indo-Pacific) to work with
the Council of Textile and Fashion and member companies to improve water
stewardship through their supply chains to achieve sustainable and responsible
production of clothes for the Australian and international market.
Valley Water’s Waste
to Energy facility (ReWaste), in Victoria (opened in 2017), has the
capacity to convert the equivalent of 33,000 tonnes of commercial food waste
into energy that powers a neighbouring sewerage treatment plant, with excess
electricity returned to the electricity grid.
Australian Packaging Covenant encourages industry to take
responsibility for improving the sustainability of its packaging and aims to
change the culture of business to design more sustainable packaging, increase
recycling rates and reduce packaging litter.
Government has developed a National Food Waste Strategy in close consultation with
industry, business, academia, other levels of government and civil society. It
will support collective action towards halving Australia’s food waste by 2030
through the adoption of circular economy approaches and raising consumer
states of Victoria and New South Wales, and the City of Brisbane, have
introduced the Love
Food, Hate Waste
campaign that aims to raise awareness of avoidable food waste.
LBS has several initiatives that link to
SDG 12 as well. In November 2018, LBS organised the highly successful
Innovation in Food and Agribusiness Forum in collaboration with NORTHLink. The
forum explored what it takes to build innovative and sustainable global food
production systems and agribusinesses (read more about the forum here).
We also offer a Bachelor of Business
(Agribusiness). Besides developing skills to develop, finance, market and
manage agricultural businesses, our degree develops responsible, engaged,
innovative and work-ready graduates equipped to help farmers improve their food
production sustainably and reduce the impact on declining resources (learn more
about the degree here).
The video on SDG 12 is produced by LBS and shows Donna Burnett and Dr Leeora Black. Donna introduces the SDG and its targets for 2030. There are eight targets and include implementation of the 10-Year Framework of Programmes on responsible consumption and production, efficient management and use of natural resources, cutting various types of waste, and responsible management of wastes and chemicals. It also calls for adoption of sustainable practices in companies and in public procurement. In the second part of the video Leeora, a Principal in the Sustainability Services team at Deloitte Australia, talks about the Australian Commonwealth Modern Slavery Act and how the act encourages business to use their influence to eliminate modern slavery in operations and supply chains.
Please enjoy the presentation.
If you would like access to the full
video to use in your teaching, please contact Dr Swati Nagpal.
During the 2018 Innovation in Food and
Agribusiness Forum (IFAF)
of Entrepreneurship Alex Maritz provided insights into
disruptive innovation and technology, using entrepreneurship tools to
facilitate commercialisation and transformation.
The National Farmers’ Federation (NFF) wants to grow agriculture to $100
billion in farm gate output by 2030. Reaching that goal requires new ideas
to accelerate the industry’s growth. The NFF identified five pillars to focus
Customers and the value chain
People and communities
Capital and risk management
Unlocking innovation means that by 2030, Australia is a world leader in innovation efficiency, cutting edge science and technology that improves the quality of products and reduces their cost of production. Digital technology, and particularly the internet of things (IoT) will have transformed farming, unlocking significant on-farm revenue and savings. Hence, every Australian farm will have access to infrastructure and skills to connect to the Internet of Things.
The NFF also lists some 2030 megatrends,
with one being disruptive technology:
“Digital and genetic technologies promise to unlock new waves of productivity
growth across the sector. Automation will continue to improve quality of life
for farmers, while reshaping the sector’s skills needs” (2030 Roadmap, 2018, p.9).
Recent years already have seen a rapid increase in development of technology in agribusiness, often referred to as agtech. The technologies create solutions for many common problems for farmers such as yield information, reduction of waste or spoilage and forecasting. According to Forbes (2018), agtech funding through investment or acquisition increased 32% to $2.6 billion, and half of the top 20 deals in the space exceeded $50 million in 2017 alone.
Using entrepreneurship tools
In his workshop, Alex discussed how entrepreneurship
tools, such as the lean start-up, design thinking and the business
model canvas, could
facilitate the transformation required by agribusinesses because of disruptive
innovation and technology. These tools are not only suitable for start-ups, but
as Alex points out, the tools work for any dynamic organisation wishing to
transform methods of operation, create customer solutions and value propositions
to achieve high growth imperatives.
A lean start-up is a business strategy that strives to eliminate wasteful practices and increase value-producing practices during the earliest phases of a business so that it has a better chance of success without requiring large amounts of outside funding, an elaborate business plan, or a perfect product (Ries, 2011). Important lean start-up principles include eliminating uncertainty, working smarter (not harder), validating learning and developing a minimum viable product. Prototyping while developing customers is a way that entrepreneurs fail successfully – success arises from the learning that happens while interacting with prospective customers who are experiencing use of the product.
An example of a company who used the lean methodology is Blue River technology, a weeding robot manufacturer. They started off with a robotic lawn
mower, but through the lean start-up process pivoted to the agricultural sector,
raised over US$30 million and have developed successfully smart farm machines
such as the Lettuce Bot and See & Spray that aim to make farming more
sustainable through robotics and computer vision (Trice, 2016).
Business model canvas
The business model canvas is a strategic management tool that was first proposed in 2004 by Alexander Osterwalder in his dissertation “The Business Model Ontology: A Proposition in a Design Science Approach”. The business model canvas is a visual chart, outlining nine segments which form the building blocks for start-ups and allows the business to test hypotheses about their business idea. There are four segments that focus on the customer (customer segments, customer relationships, channels, and revenue streams) and four segments that focus supply side of the business (key activities, key resources, key partners and cost structure). Completion of the customer blocks and the supply side blocks lead to the formation of a value proposition for the business – “the bundle of benefits the company offers its customers” (Osterwalder & Pigneur, 2010, p.22).
Farms are not usually start-ups, but
disruptive technologies mean that acting like a start-up is a meaningful way to
model the business (Brown,
Mugge & Grainger, 2017). An example of a company that used the business
model canvas is Freight Farms, who
saw a need for urban agriculture and is now the world leading manufacturer of
container farming technology. Their system is a complete hydroponic growing
system that sits entirely inside a shipping container. The vertical farming
delivers fresh and local food 365 days a year, while using no soil and using
98% less water than traditional farming.
This blog is part of the LBS Innovation Series, developed by Dr Mark Cloney, Professor of Practice in Economics at La Trobe Business School.
LBS’ Centre for Public Sector Governance, Accountability and Performance (CPSGAP) aims to improve public sector performance and the capacity of public sector managers and regulators to carry out their tasks. Professor Zahirul Hoque, director of CPSGAP, and other members of the Centre conduct interdisciplinary research into various areas in the public sector around six main themes: Governance, Accountability, Financial Management, Strategy, Risk Management and Performance Management.
Read about CPSGAP’s recent grant, research and publication successes, and some of the upcoming events the Centre is organising.
Professor Zahirul Hoque and Dr Esin Ozdil received a grant from the Accounting and Finance Association of Australia and New Zealand for a pilot project to examine the role of performance audits in ensuring stewardship and accountability in Australian government entities.
Last month, Professor Zahirul Hoque delivered a speech on accountability in the healthcare sector at the Emerging Health Policy Research Conference, organised by the University of Sydney Menzies Centre for Health Policy. The speech was based on research conducted with Professor Manuela S. Macinati and Dr Marco Giovanni Rizzo at the Università Cattolica del Sacro Cuore in Italy.
Medical managers’ accountability and performance
Since ancient times, the concept of ‘accountability’ has been a fundamental issue for organisations in the public and private sectors and society in general. In his speech, Zahirul discussed how a decade old concept became an issue for professional medical managers in an Italian hospital, with an important role in the association between medical managers’ work commitment and performance. Practically, enhanced knowledge of the current state of accountability practices in an Italian hospital will benefit global clinical professionals and external stakeholders when making organisational decisions, including performance measurement.
The CPSGAP has a couple of events coming up.
Seminar and book launch – Nonprofits cost management
and cost management tools are considered a means to provide adequate and
quality information for management control for all sorts of organisations,
including nonprofits. The seminar examines the current costing and cost
management practices in the Australian nonprofit sector.
The research behind the
seminar has led to a book titled “Cost management for nonprofit and voluntary
organisations”, written by Professor Zahirul Hoque and Dr Tarek Rana. The book
offers insight into how nonprofit and voluntary organisations control and
manage costs of their operation and projects through cost accounting and cost
management tools using empirical evidence from the Australian nonprofit sector.
The official book launch will take place on the 22th of November 2019, from 3 pm to 5 pm at the La Trobe City Campus, Level 2, 360 Collins Street, Melbourne, Room 2.10. Find more info about the seminar and the book launch here.
Annual Public Sector Symposium – Accountability and governance
The CPSGAP Annual Public Sector Symposium showcases research on emerging issues in the public sector. This year’s key themes are ‘Accountability, Ethics, Governance and Performance Management‘ which are shaping public debates across the globe.
At the moment CPSGAP is calling for papers. Those interested have until the 30th September 2019 to submit a brief synopsis of a paper. The full paper is due by 15 November 2019.
The CPSGAP Annual Public Sector Symposium will take place on the 2nd of December 2019 at the La Trobe City Campus, Level 2, 360 Collins Street, Melbourne. Find more info about the symposium here.
There have also been some great research articles published the last year:
Ozdil, E., & Hoque,
Z. (2019). Accounting as an engine for the re‐creation
of strategy at a university. Accounting
Rana, T., Hoque, Z.,
& Jacobs, K. (2019). Public sector reform implications for performance
measurement and risk management practice: insights from Australia. Public Money & Management,
Zawawi, N. H. M., &
Hoque, Z. (2019). The Implementation and Adaptation of the Balanced Scorecard
in a Government Agency. Australian
Pawsey, N., Ananda, J.,
& Hoque, Z. (2018). Rationality, accounting and benchmarking water
businesses: An analysis of measurement challenges. International Journal of Public Sector Management,
Last month, La Trobe University held the Melbourne Prize Ceremony to recognise and celebrate students, their hard work and dedication, and their great accomplishments in pursuit of higher education. Sixty Prizes were awarded, relating to the 2018 Academic year results, for both undergraduate and post graduate studies, and 2019 scholarships. The Prizes are made possible through the generous support of donors.
Several LBS students were awarded during the 2019 Melbourne Prize Ceremony. Professor Simon Evans, Pro Vice-Chancellor of the College of Arts, Social Sciences and Commerce presented the Prize recipients, and Dr Phil Moors AO, LTU Deputy Chancellor, and Professor Jane Hamilton, Head and Dean of La Trobe Business School congratulated the students on stage.
Brett Davidson: Brett received the GMAA Award for achieving the highest overall mark in the Master of Business Administration (MBA) program.
Lisa Ford: Lisa received the Leon Capraro Memorial
Award. The award was established to commemorate Leon Capraro’s service to
La Trobe University Union. Lisa received the Prize for her outstanding result
in the subject Tourism
and Hospitality Simulation.
Morgan Pecar: Morgan was awarded the CPA
Australia Prize – Second Year for achieving the highest overall mark in second
year accounting subjects.
Lachlan Ray: Lachlan received the Australian Government, Productivity Commission Prize. He received
the Prize for achieving the highest mark in the subject Competition
and market Failure.
Sharni Robinson: Sharni received the Chartered Accountants Australia and New
Zealand – Strategic Management Accounting Prize. She was awarded the Prize
for achieving the highest mark in the subject Strategic
Wenqing Wei: Wenqing
received the Chartered Accountants
Australia and New Zealand – Advanced Financial Accounting Prize. She was
awarded the Prize for being the top student in the subject Advanced
There were also some award recipients who were unfortunately
unable to attend the ceremony:
Demetriou: Andreas was awarded the Vanguard
Investments Australia Prize for achieving the highest mark in the subject Financial
Finn-Stanley: Liam was awarded the Donald
Whitehead Prize. The Prize is established in memory of Professor Donald
Whitehead, the foundation head of the original precursor to LBS, and is awarded
to an outstanding Bachelor of Commerce Honours Student.
Kimberley Guild: Kimberley was awarded the Financial
Planning Association of Australia Prize. Kimberley received the award
because she had the best assessed financial plan as part of the Financial
Planning Major, based on assessment in the subject Case Studies in Financial Planning.
Matthew Moore: Matthew was awarded theChartered
Accountants Australia and New Zealand – Introductory Financial Accounting Prize. He was awarded
the Prize for achieving the highest mark in the subject Accounting
and Information Systems.
Najmudeen: Alafiya was awarded the Melbourne
City Football Club – Sport Management Prize for achieving the highest mark
in the subject Sports
Salcedo Martinez De Castro: Cristina was awarded the LBS Commitment to Learning Award for showing the greatest
improvements in results, reflecting a commitment and determination to improve
Xuanyi Sun: Xuanyi was
awarded the CPA Australia Prize – Third
Year for achieving the highest overall mark in third year accounting
Raluca Terheci: Raluca was
awarded the Unisuper Prize for
achieving the highest overall result across the undergraduate core financial
Yousuf: Mohammad was awarded the CPA
Australia Prize – First Year for achieving the highest overall mark in
first year accounting subjects.
Sustainable development goal eleven (SDG 11) is about sustainable cities and communities, which includes making cities and human settlements inclusive, safe, resilient and sustainable.
Did you know that:
of humanity – 3.5 billion people – lives in cities today and by 2030, it is
estimated that six out of 10 people will be city dwellers.
world’s cities occupy just 3% of the planet’s land but account for 60-80% of
all energy consumption and 75% of the planet’s carbon emissions.
to 95% of urban expansion in the coming decades will take place in the
urbanisation is exerting pressure on fresh water supplies, sewage, the living
environment and public health.
rapidly growing urban world is experiencing congestion, a lack of basic
services, a shortage of adequate housing, and declining infrastructure.
percent of the world’s urban population lives in slums, and in Sub-Saharan
Africa, over half of all city dwellers are slum dwellers.
The focus of SDG 11
Today, cities are well recognised as centres of innovation, investment, and play a priority role in driving industrialisation and economic growth in both developed and developing countries alike. Urbanisation plays a critical role in facilitating and ensuring that rural/urban connections that support a balanced territorial development are in place. Cities are therefore well positioned to take the lead in addressing many of the persistent global challenges including pollution, climate change, resilience and environmental degradation, road safety, urban mobility, traffic management, poverty, inequality, unemployment, crimes and security, etc. Cities are also key to finding solutions for new and emerging challenges, which the world is facing, from stemming the rise of plastic waste in our oceans to the introduction of new technologies as part of the Fourth Industrial Revolution (UN Habitat, 2019).
SDG 11 targets relate to eliminating slum-like conditions, providing accessible and affordable transport systems, reducing urban sprawl, increasing participation in urban governance, enhancing cultural and heritage preservation, addressing urban resilience and climate change challenges, better management of urban environments (pollution and waste management), providing access to safe and secure public spaces for all, and improving urban management through better urban policies and regulations (SDG Knowledge Platform, 2019).
Technology and SDG 11
A key trend in sustainable cities is the massive
rise in technology, specifically
the Internet of Things (IoT), expecting to connect everything in a city – from
the electricity grid to the sewer pipes to roads, buildings and vehicles.
and researchers since the 1990s have been using the term ‘Smart Cities’ because
it could help certain cities to distinguish and promote themselves as
innovative. A smart city is an
urban area that uses different types of electronic data collection sensors to
supply information which is used to manage assets and resources efficiently.
Examples of Smart City initiatives include the city of Barcelona, where a new bus network based on data analysis of the most common traffic flows in Barcelona and the integration of multiple smart city technologies allows buses to run on routes with the most green lights. In Stockholm, the Green IT program seeks to reduce environmental impact through IT functions such as energy efficient buildings (minimising heating costs), traffic monitoring (minimising the time spent on the road) and development of e-services (minimising paper usage). An alternative use of smart city technology can be found in Santa Cruz, California, where local authorities analyse historical crime data in order to predict police requirements and maximise police presence where it is required (World Economic Forum, 2018).
is important to remember that the challenge of sustainable cities is not simply
about developing new technological solutions to long-standing problems. Rather,
success in this sphere will be achieved only by balancing the demands of social
and economic development with careful environmental management and innovative
Thinking about the other 16 SDGs, it is clear that SDG 11 has the potential for inter-linkages and taking a real systems approach. For example, natural disasters and other climate impacts are endogenous to development – they are not a separate issue to be considered independently (i.e. SDG 11 and 13). Effective, inclusive development in cities will need to consider the needs of people with disabilities, and other vulnerable groups (i.e. SDG 11 and 10). Indeed, it is important to take a systems approach to the implementation of SDG 11, and the other SDGS, which suggests that sustainability can only be achieved by first recognising and then balancing the trade-offs among the various goals across environmental, economic and social systems.
Smart cities and technological interconnectedness also impact education, recognising the need for education programs producing graduates with modern knowledge, practical skills and collaborative attitudes. LBS is at the forefront of this so-called “smart education”. LBS is a Principles for Responsible Management Education (PRME) Champion, which means our students are taught to become responsible leaders who are informed and capable of balancing the demands of business with economic, social and environmental sustainability, undertaking innovative projects that respond to future systemic challenges (read more about our PRME commitments here). In addition, LBS developed new degrees such as the Bachelor of Business Analytics and the Bachelor of Digital Business to provide students with the skills necessary to work and live in a smart (city) environment.
The video on SDG 11 is produced by LBS and shows Dr Swati Nagpal and Paul Strickland. Swati firstly discusses the importance of cities – they make us more productive and creative and are the key social and organising units of our time – and talks about the SDG 11 targets, the stakeholders involved, and the concept of smart cities. Paul focuses on the Kingdom of Bhutan and their experience and dealing with rapid growing urbanisation, the country’s pioneering role in the development of the Gross National Happiness Indicator – measuring the collective happiness and wellbeing of the population – and the country’s 2020 vision around waste management, greening the construction industry, and conservation.
Please enjoy the presentation.
If you would like access to the full video to use in your teaching, please contact Dr Swati Nagpal.
is everywhere and being created almost constantly. This calls for a new way of
With traditional data, the person who wants to use the data has to create that data. Although called Artificial Intelligence (AI), traditionally AI needs to be trained with data and outcomes that are known. So researchers have to build the Artificial Intelligence and algorithms to suit the problem and to suit the data. Now, data is generated by machines, leading to great amounts of data yet to be interpreted. Machines generate data at a rate that could go up to hundred thousands of data points a second. This data is being created through media, the cloud, the web, the Internet of Things, sensors, etc. It is no longer possible to connect each of these individual data point to objects in the real world. It is not possible anymore to build the AI, because the data is unknown, and so is the problem or outcome.
This new type of data is in real-time, online, machine generated, in high volumes and granular, and means we need a new paradigm. A paradigm that allows AI to make sense of data collected through for example text, images and videos, especially in social media, and capture feelings, emotions and someone’s personality.
Centre for Data Analytics and Cognition Lab
LBS’ Centre for Data Analytics and Cognition Lab (CDAC) specialises in research and development of cutting-edge artificial intelligence (AI) and machine learning algorithms and the transformation of these into practical tools and technology for business and other practical applications in advanced analytics. The team consist of a group of big data experts with outstanding research and academic achievements on top of many years of industry experience in the areas of finance, telecommunications, IT and business.
CDAC and the new paradigm
One of the key areas CDAC is involved with, building AI that builds itself, called self-structuring AI. The other aspect is that it allows for unsupervised learning. This means that the AI not only builds itself, it also learns by itself. It does not need to be trained. It can still be trained, but it has the capability to learn by itself. The CDAC team then transforms this technology into practical technology, called technological AI building blocks so it can be used to serve the community.
The great news is that collaboration is already taking place with industry, governments and academia.
Contact or visit
For more information visit the Centre for Data Analytics and Cognition.
Donald Whitehead Building, Room 301, Level 3 La Trobe University, Bundoora, VIC 3086
Scott McKenzie, Chief Executive Officer at SensaData, used the company’s Smart-r-Tag as a case study to explain the digitisation of supply chains and the effect of the IoT on Australia’s food and agribusiness.
Scott’s background is in open innovation, design and commercialisation, engineering and project management. He previously led technology development initiatives in diverse fields to deliver the scaling and risk reduction for the transfer of technologies from the laboratory to industry, coordinating research providers and industry groups including multinational OEs.
With industry vendors, commentators and researchers advocating IoT adoption across the agriculture and food production sector, it is worth looking to approach implementations in stages with clear objectives and referring to practices, challenges, and outcomes in other domains. Scott explores implementation through the Smart-r-Tag. These tags can be attached to a carton, crate or pallet and will show the product’s location, temperature, surrounding air-quality and handling throughout its transit from supplier to wholesaler, distributor and retailer. Data generated by the system is transferred to cloud systems for generation of knowledge and insights through analytics, and presentation to end users and clients for alerts and reporting.
AACSB International – The Association to Advance Collegiate Schools of Business (AACSB) is a global nonprofit association and the world’s largest business education alliance that connects educators, students, and business. Its vision is to transform business education for global prosperity and create the next generation of great leaders.
AACSB International was founded in 1916 in
the US, initially named the Association of Collegiate Schools of Business
(ACSB), and currently provides quality assurance, business education
intelligence, and professional development services to over 1,500 member
organisations and more than 785 accredited business schools worldwide (AACSB, 2019).
AACSB International’s mission is to
foster engagement, accelerate innovation, and amplify impact in business
education. This mission is aligned with the AACSB accreditation standards for
business schools. AACSB strives to continuously improve engagement among
business, faculty, institutions, and students, so that business education is
aligned with business practice (AACSB
The accreditation process
The AACSB accreditation evaluation is
extremely rigorous. There are fifteen standards, built around the three themes
of engagement, innovation, and impact, organised into four categories:
Strategic management and
innovation: This category includes a clear articulated and distinctive mission;
producing high-quality intellectual contributions that impact the theory,
practice, and teaching of business and management; and financial strategies to
provide resources appropriate to, and sufficient for, achieving its mission and
Participants (students, faculty,
and professional staff): This category includes policies and procedures for
student admissions, academic progression and supporting career development. In
addition, well-documented and well-communicated processes to manage and support
faculty members over the progression of their careers and deploys sufficient
professional staff to ensure quality outcomes.
Learning and teaching: This
category includes well-documented, systematic processes for determining and
revising degree program learning goals; designing, delivering, and improving
degree program curricula to achieve learning goals. In addition, curriculum
content is appropriate to general expectations for the degree program type and
learning goals, and the degree program structure and design are appropriate to
the level of the degree program and ensure achievement of high-quality learning
Academic and professional
engagement: This category includes curricula that facilitates student academic
and professional engagement appropriate to the degree program type and learning
goals, executive education that complements teaching and learning in degree
programs and intellectual contributions and lastly, strategically deploying
faculty who collectively and individually demonstrate significant academic and
professional engagement that sustains the intellectual capital necessary to
support high-quality outcomes consistent with the school’s mission and
Once a school receives the AACSB
accreditation, it must undergo re-evaluation every five years.
The world’s highest standard of excellence
AACSB-accredited schools have been proven to provide the best in business education worldwide and are recognised worldwide by top employers and other universities (Best Business Schools, 2019).
“We’re proud that our commitment to excellence has been recognised through accreditation by AACSB International – the highest standard of achievement for business schools worldwide. Only 5% of business schools in the world have earned AACSB accreditation and being recognised as the highest standard of excellence in business education confirms LBS’ place among the world’s leading business schools.
For students this accreditation means they can be confident LBS has the resources, credentials and commitment to prepare them to succeed in a diverse range of fields including accounting, finance, business and commerce. And it reflects our dedication to providing a progressive education that sets students up for career success.”
The 2030 Agenda calls for a “just,
equitable, tolerant, open and socially inclusive world in which the needs of
the most vulnerable are met” (SDG Knowledge Platform, 2016). This call comes at a time
when, despite important gains made since 2000 in lifting people out of poverty,
inequalities and large disparities remain in income and wealth, and in access
to food, healthcare, education, land, clean water and other assets and
resources essential for living a full and dignified life.
Economic inequality is largely driven by
the unequal ownership of capital. Since 1980, very large transfers of public to
private wealth occurred in nearly all countries. The global wealth share of the
top 1 percent was 33 percent in 2016. In addition, in 1980 the top 1 percent
had 16 percent of global income, while the bottom 50 percent had 8 percent of
income. In 2016, 22 percent of global income was received by the top 1 percent
compared with 10 percent of income for the bottom 50 percent.
There is also inequality between the
different genders. Women spend, on average, twice as much time on unpaid
housework as men. Also, women have as much access to financial services as men
in just 60 percent of the countries assessed and to land ownership in just 42
percent of the countries assessed (UNDP, 2019).
The focus of SDG 10
Some groups including those in rural
areas (e.g. family farmers), women, young people, people with disabilities,
indigenous peoples and others have persistently clustered at the bottom of
distributions. Real wage growth has constantly declined since 2015 and at the
same time, a warming climate, demographic change, decent work deficits,
political crises, technological change and conflict risk exacerbating
inequalities if actions are not taken toward equality in both opportunities and
outcomes. Such inequalities can become self-perpetuating across generations,
thus hindering progress towards one of the central objectives of the 2030
Agenda – that of ‘leaving no one behind’. Understanding that development
is not sustainable if people are excluded from opportunities, services, and the
chance for a better life; sustainable development goal ten (SDG 10) calls on
the international community to “reduce inequality within and among countries”.
The 10 targets within SDG 10 cast a wide net to capture multiple drivers of inequality and to ensure that no group or individual is left behind. Four targets address within country inequality across social, economic and political dimensions aiming to expand prosperity, inclusion, and social protection. Three targets aim to reduce inequality among countries with attention to cross-border flows of finance and people and the distribution of voice in global institutions. Three other targets focus on the means of implementation and put forward concrete steps for attaining greater equality by directing resource flows toward those most in need (World Bank, 2019).
SDG 10 progress in Australia
In Australia, the period from 2000 to
2015 was characterised by strong economic growth that led to a substantial rise
in average incomes. However, income increases did not lead to a reduction in
income and wealth inequalities, with the Gini index – a common measure of
inequality – remaining reasonably constant over this period. Using the Gini
index, wealth inequality (0.6) is shown to be significantly higher than income
inequality (0.3). Australia remains more unequal than most developed countries,
limiting opportunities for many and undermining sustainable development.
Social exclusion fell prior to the
global financial crisis, but has since increased. Unemployment benefits have
fallen to be more than 20% below the poverty line. The gender pay gap has
barely reduced in 20 years, and large gender inequalities remain at home, in
the workplace and in society.
Since 2000, real disposable income per capita has grown by 29%, but there has been no increase over the last five years. As wages growth has slowed, many families struggle with rising energy and housing costs. There has been growth in employment and some fall in unemployment, but this has been offset partly by higher underemployment. Many Australians would like to work and earn more. For those workers with low skill levels, the opportunities to retrain throughout their working lives are limited, and home ownership is increasingly elusive for young people (Transforming Australia Report, 2018).
How is this relevant to business?
Addressing inequality makes good
business sense because it increases economic participation and helps build
markets and prosperity. Long term viability is only possible when the world is
thriving, but the world cannot fully prosper when large population groups lack
reasonable paths to success. Diversity
of background and experience within an organisation stimulates innovation and
fresh thinking. It creates a more attractive work environment that in turn
helps to attract and retain talent. Diversity can be thought of as a
multi-faceted competitive advantage (GCNA Australia, 2018).
Equality and diversity are strategic business issues. It has been well demonstrated that businesses that embrace workplace diversity and inclusion are more innovative and outperform in organisational effectiveness and profitability. Corporate social responsibility is becoming a critical factor to a growing number of global investors and the capital markets.
Extract from joint letter from Australian business leaders in support of marriage equality to Prime Minister Malcolm Turnbull (2017)
The video on SDG 10 is created by our
CR3+ partner ISAE Brazilian Business School (ISAE). The video shows Rithyane
Cardozo discussing SDG 10 and interviewing Marcia Ponce from the Caritas
Institute and the work they do in Curitiba, Brazil. Caritas is an international
organisation that fights issues of inequality. The interview is about how
Caritas works towards SDG 10 by looking at economic inequality but also
inequality because of environmental issues, and inequality for immigrants and
Please enjoy the presentation.
If you would like access to the full
video to use in your teaching, please contact Dr Swati Nagpal.
This blog is part of the SDG Series, a series that focuses on the 17 Sustainable Development Goals set by the United Nations, in the lead up to the CR3+ Conference in October 2019.