Accueil > Economics and Mutuality

KEMI 2080A - Economics and Mutuality

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 12

Language of tuition : English

Pre-requisite

aucun

Course Description

The Economics of Mutuality (EoM) is a management innovation co-developed since 2007 by the think-tank of Mars Incorporated and supported by the Saïd Business School at Oxford University. EoM is based on the principles that economics is the management of scarcities and that management is about applying science to solve economic problems. In practical terms, EoM's breakthrough discoveries include (i) creating stable, simple and actionable metrics for non-financial performance – namely social, human and natural capital (ii) proven performance pattern between financial and non-financial capitals (iii) specific management practices to increase the performance of business with positive impact on people, planet and profit. This course will be a short introduction to a new economic model for the business of the XXIst century and will challenge students to think beyond the status quo for business (i.e., the profit maximization paradigm) and about the consequences if the economic model that drives our societies does not change.

Teachers

ROCHE, Bruno (Chief Economist & Catalyst Managing Director - Mars, Incorporated)

Pedagogical format

The work load will primarily consists of pre-reads (see next section), group work to prepare the presentation and the write-up of the essay (in English)

Course validation

The group will do the presentation (15 minutes) – and a panel made of Bruno Roche and 2+ presenters (and/or SciencesPo faculty members) will assess the quality of the presentation (in terms of content, creative thinking and delivery). This will account for 30% of the grade Each individual will write an essay of 4-5 pages (2000 words) on one specific aspect of the EoM approach (e.g., the metrics, the management practices, the policy making implication, the case study analysis). This will account for 70% of the grade .

Workload

The 6 lectures of 2 hours each will be conducted by the right experts for each topic that Bruno Roche will have identified – either from the academic world and the business world. Each session will have a plenary introduction of circa 45 minutes followed by break-out groups discussion of 7-8 people of circa 30 minutes (facilitated by the students themselves) to reflect on the content of the lecture and provide structured questions or feedbacks to presenters. The rest of the lecture will be dedicated to respond to the questions and elaborate on the feedbacks. It is expected that the working groups will be pre-assigned by SciencesPo (ensuring diversity in gender, background and personalities as much as possible) and will remain stable throughout the 6 weeks. In the last session, it is expected that the students will present their own reflections of how EoM differs from other business model approaches that seek to deliver value for people, planet and profit and/or how EoM can address the challenges of business in the 21st century, and/or potential application to policy making.

Required reading

« Firm Commitment » Colin Mayer

Additional required reading

  • « Completing Capitalism » Bruno Roche & Jay Jakub
  • “Doughnut Economics” Kate Raworth