As advocates for responsible business practices, the Environment and Social Impact Club (ESI) held a business simulation competition with a focus on ethical leadership.
Members of the MBA program came together on November 23rd to face off over snacks and beer. The Strategic CSR Simulation platform allowed teams such as the Uber HR Department and the BP Clean Up Crew to set up their own ethics department for an existing company, and show how achieving the best results for the firm would not have to come at the expense of responsible decision making.
With an established code of ethics, teams were then scored on how their departments handled different scenarios that came up for the company. Internal and external CSR issues came into play, such as how to respond to the CEO lying on his resume, or how to choose the best celebrity to endorse the business. After 5 periods of decision making, the Volkswagen Emissions Engineers came out as the victors, claiming the grand prize of a $500 Unibar voucher for drinks at Tower C!
The simulation served as a great reminder of how balancing internal costs and profits with CSR issues is critical for ethical behavior and company success. Everyone had a great time, while challenging each other’s leadership skills. The event was a huge success, and we owe a big thank you to Professor Levermore who guided us through the simulation.