Exploring bioregionalism: pathways to a sustainable economy

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On Thursday 16 April 2026, the Sustainable Economies Research Group (SERG) at UWE Bristol, hosted by Professor Peter Bradley, brought together researchers, practitioners, policymakers and students to explore a powerful idea: how bioregional thinking can help reshape our economies to better serve both people and planet.

Held at Bristol Business School, the half day event combined expert insights with participatory discussions, all centred on a simple but transformative premise – humans are part of nature and our economies should function in balance with the living systems we depend on. Around 50 delegates attended, travelling from as far afield as Devon and York, representing organisations including the Institution of Environmental Sciences, Bioregional Learning Centre, University of Bath, University of York, London Metropolitan University, Bioregional Solent Library and Royal Wootton Bassett Environmental Trust.

The morning sessions examined bioregionalism from multiple perspectives. Speakers explored how place-based approaches can foster environmental leadership, strengthen communities and create more resilient local economies. From ecosystem services to regional energy systems, the message was consistent: aligning economic activity with ecological realities offers a pathway to a fairer and more environmentally sustainable future. 

Sue Riddlestone OBE, Chief Executive and Co-founder of Bioregional, highlighted both the urgency and opportunity of this shift:

“Our global economy is creaking, and not delivering for the majority of people, which is leading to populism and unrest even in the UK, astonishing when we are one of the richest nations in the world. It was so refreshing to explore together in a very practical way our collective experiences, of how a bioregional approach could deliver a sustainable economy which works for people and planet.”

Building on this, practitioner perspectives grounded the conversation in real world application. Paul Pivcevic, Director at Wylderne, shared insights from his work in the Forest of Dean. Reflecting on the evolving role of business within a bioregional context Paul posed the question:

“What role does a business aspiring to be regenerative have in relation to place? In our case the Forest of Dean bioregion. What can we uniquely contribute to unfolding the potential of this wider system we’re nested within?”

After a networking lunch, the focus shifted to interactive group sessions, where participants explored practical challenges and opportunities for advancing bioregional approaches.

Financing bioregional projects

One focus group examined the complexities of funding bioregional initiatives. Discussions highlighted the importance of understanding the full “spectrum of capital” from philanthropic grants and public funding to impact investment, ESG funds and traditional finance.

Participants explored blended finance models and innovative mechanisms such as Special Purpose Vehicles (SPVs) to attract diverse investment streams. There was also strong interest in engaging local investors through tools like community bonds, as well as tapping into stakeholders who benefit directly from regional outcomes such as water companies or flood risk management bodies.

The group noted that framing projects as “place based” may sometimes resonate more strongly with investors than the term “bioregional.” Ultimately, success will depend on designing projects that clearly demonstrate both financial viability and the added value of working in harmony with regional ecological systems.

Bioregionalism in governance

The second focus group explored how bioregional thinking might reshape governance. A central challenge identified was how to define meaningful boundaries. While larger scales may better reflect whole ecosystems, they can feel too abstract at a local level. Participants suggested that boundaries should be understood as flexible or “fuzzy”, reflecting the complexity of natural systems and allowing for different scales depending on context.

Shifting away from fixed political boundaries presents practical and cultural challenges, particularly where existing administrative systems are deeply embedded. However, participants noted that in some cases a place based, nature led approach could actually simplify governance by connecting fragmented jurisdictions, as seen in regions like the Severn Estuary which spans multiple authorities and national borders.

The discussion also highlighted the importance of reconnecting governance with people’s lived experience of place. This may involve learning from cultures and communities with stronger relationships to land and local systems, as well as recognising the knowledge and connections held within long established local communities.

A recurring theme was the idea of belonging. Participants reflected on a growing desire to reconnect with both nature and place, and suggested that bioregionalism could offer an inclusive way to channel this into more grounded and responsive forms of governance that reflect both ecological and social realities.

The event closed with a shared sense that while bioregionalism is still an emerging framework that offers a practical and hopeful direction for rethinking how economies operate at a local level.

Reflecting on the event Professor Bradley said:

“What stood out across both practitioners and academics in attendance was the level of engagement and the willingness to explore practical ways of applying these ideas.”

“Many participants I spoke with saw real value in bioregional thinking as a way to engage communities, support more sustainable patterns of production and consumption and build resilience in the face of economic and environmental uncertainty. Its strength lies not only in environmental outcomes, but in the wider benefits it can bring to people, place and wellbeing.”

The SERG research group is keen to build on this momentum. Plans are underway to host follow up events and establish an ongoing discussion group, creating space for continued collaboration, knowledge sharing and action.

This event demonstrated that the transition to a sustainable economy isn’t just about new technologies or policies – it’s about reimagining our relationship with place and working together to bring that vision to life via collaboration and community, step by step but with a sense of urgency and the need for resilience.  

You can view the slides from the presentations here.

If you would like to find out more about this work, please contact Professor Peter Bradley.

Helping to deliver the Environment Chapter for the Brunel Centre’s Strategic Economic Audit

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The Sustainable Economies Research Group (SERG) at UWE Bristol has helped generate the environmental evidence base for the West of England through its contribution to the Strategic Economic Audit led by the Brunel Centre.

As part of this collaboration the SERG group led the delivery of the environment chapter – providing a detailed and policy-relevant assessment of the region’s environmental challenges, opportunities and pathways to a more sustainable economic future.

The full Strategic Economic Audit is available via the Brunel Centre’s website, offering a comprehensive overview of the region’s economic landscape and priorities.

A systems view of environment and economy

The environment chapter brings together expertise across sustainability, economics and policy to examine how environmental constraints and opportunities shape regional growth. It highlights the need for integrated approaches – recognising that issues such as emissions, land use, transport and housing are deeply interconnected.

Rather than treating the environment as a standalone concern the chapter positions it as fundamental to long-term economic resilience and prosperity in the West of England.

Evidence-driven insights for policy and practice

Alongside the environment chapter members of the Sustainable Economies Research Group have contributed a series of in-depth policy insights through the Brunel Centre. These outputs provide focused analysis on key areas influencing the region’s transition to net zero:

“Business-as-usual projections indicate that the region will fall short of its 2030 net zero target.”

Where our emissions really come from – led by Peter Bradley, examining the sources and distribution of emissions across the regional economy.

Priority commercial, industrial and public sector emitters – by Peter Bradley, Ali Sen and Francisco Sierra, identifying key sectors for targeted intervention.

Aviation: risks and regional opportunity – by Peter Bradley and Ali Sen, exploring the balance between economic growth and environmental impact.

Land use in the West of England: key insights and challenges – by Armağan Gezici, Daniel Jin and Peter Bradley, addressing spatial constraints on sustainable development.

Decarbonising road transport by 2030: what ‘net’ must really mean now – by Graham Parkhurst and Peter Bradley, focusing on the realities of achieving net zero in transport

Homes first: closing the retrofit gap – by Pujan Ghosh, Peter Bradley and Ian Smith, highlighting the urgency of improving housing energy efficiency

Together these contributions strengthen the analytical foundation of the Strategic Economic Audit and provide actionable insights for policymakers, businesses and regional stakeholders.

“Without rapid behaviour change and bold political leadership, electrification alone won’t deliver.”

Supporting the West of England’s transition

The work of the Brunel Centre demonstrates the value of applied, interdisciplinary research in addressing real-world challenges. By contributing to the Brunel Centre’s Strategic Economic Audit the group has helped ensure that environmental considerations are embedded at the heart of regional economic strategy.

This work supports decision-makers in navigating the transition to a low-carbon economy – balancing growth with environmental responsibility and identifying where targeted action can deliver the greatest impact.

The Brunel Centre’s full Strategic Economic Audit of the West of England is now available to download.

Poetic Economics: Reimagining Our Economic Future Through Creative Vision 

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In a world increasingly defined by climate crises and social inequality, our economic frameworks need profound reimagining. A fascinating video from 2017 explores how poetry and creative vision might offer us pathways to a more sustainable and humane economy—an insight that feels even more relevant today in 2025. The video can be seen here and starts with a song created by one of the authors. 

The Forgotten Wisdom of Poetic Economics 

The concept of “poetic economics” may sound unusual to those accustomed to viewing economics as a purely mathematical discipline. Yet this explores how creative, aesthetic, and ethical knowledge can transform our economic systems to offer fresh perspectives on our most pressing challenges. 

The 2018 a collaboration between Peter Bradley and Sebastian Berger emerged from over a decade of shared exploration. This discussion demonstrates how economics can be re-rooted in humanities, particularly poetry, creating frameworks that recognize both “the nature of reality” and “the reality of nature”—elements often overlooked in conventional economic thinking. 

A Timely Rediscovery 

What makes this video particularly significant in 2025 is how it anticipated the growing recognition that social sentiment for sustainable economics is not merely supplementary but fundamental to meaningful and supportive change. The video on poetic economics corroborates the recent findings that social sentiment for a sustainable economy is crucial. 

What’s often overlooked in contemporary discussions about economic sustainability, including in recent commentary from political figures like Tony Blair (BBC); is that rationality itself is deeply context-specific. What appears rational in one social or environmental context may be entirely irrational in another. This understanding of situated rationality, extensively explored in Vatn’s paper (2005) and further developed in relation to sustainable economies by Bradley et al. (2021), suggests that our economic models must acknowledge diverse forms of rationality shaped by specific cultural, social, and ecological circumstances. The poetic economics approach presented in the video inherently recognizes this plurality of rational perspectives, offering a more inclusive foundation for sustainable economic transformation than approaches assuming a single universal rationality. 

The video examines how socio-ecological economist K. William Kapp’s work drew inspiration from Ernst Wiechert’s art philosophy, novels, and poetry—demonstrating how humanistic sensibilities can inform economic theory and practice. 

Poetic economics makes economics more humane, edifying, and sensitive to both natural and social environments. By transcending the limitations of economics as a “dismal science,” this approach invites us to consider not just what is profitable, but what is possible when we bring our full creative potential to bear on our economic challenges. 

Find out more and watch the video here.

Water Scarcity and Business: Insights from the Sustainable Finance Roundtable

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At a recent Sustainable Finance Water Scarcity Roundtable, hosted jointly by Fintech West, Waterwise and Shakespeare Martineau, Professor of Sustainable Economy, Dr. Peter Bradley shared crucial insights on how water scarcity impacts business models across the UK. The event brought together key stakeholders from the water industry, business sector, fintech, and water efficiency specialists to explore drivers that might encourage businesses to prioritize water efficiency.

Business Perspectives on Water Efficiency Richard Tidswell on behalf of John Gilbert, MOSL

Richard Tidswell explained how MOSL was established in 2017 to create a competitive water retail market for businesses. He shared that only 10% of business water use is non-potable, while 1% of businesses consume half of the market’s total water demand. With 75% of England classified as water-stressed, some business connections are already being refused. Richard highlighted MOSL’s water efficiency dashboard as a valuable data resource and referenced a recent collaborative report exploring incentives for business water reduction.

The discussion raised questions about why mandatory ESOS energy reporting doesn’t include water consumption metrics. Participants emphasized the need for a national narrative around water efficiency similar to Net Zero initiatives, noting that simplifying information would help businesses move from awareness to action. There were calls to share success stories more widely and develop a National Rainwater Strategy to normalize rainwater harvesting practices.

Nothing Happens Without Water, Nicci Russell, Waterwise

Nicci Russell from Waterwise opened the event with some sobering statistics, noting that there’s a 1 in 4 chance of water supply cuts in the next 30 years, with potential economic impacts of £25-40 billion. Daily water use has doubled compared to 60 years ago, highlighting the urgency of addressing this issue. The Environment Act 2021 now mandates a 9% reduction in business water use by 2038, underscoring the regulatory push toward greater efficiency

”…The cost of not taking action would be 5 times the cost of taking action now…”

Policy and Regulatory Drivers, Bhikhu Samat, Shakespeare Martineau.

Bhikhu Samat from Shakespeare Martineau followed with insights on policy and regulatory issues, pointing out the pressures on water companies to meet growing population demands while protecting the environment. He highlighted the aging infrastructure—with no new reservoirs built in over 30 years—and called for greater industry and individual responsibility.

Impact on Business Models, Peter Bradley, SERG University of the West of England

Peter Bradley delivered key insights on business models and water efficiency. He highlighted a significant gap in our understanding of business water consumption patterns. Unlike energy usage and circular economy practices, where substantial research exists, water efficiency in the business community remains understudied and poorly documented. He emphasized that better data collection methods will be essential for meaningful progress, noting that current price mechanisms provide only minor incentives for businesses to improve their water efficiency practices.

Peter offered several practical considerations for businesses approaching water efficiency. He suggested companies evaluate whether their customer base values sustainability, as this connection could provide business value beyond simple cost savings. He recommended examining both direct water usage and the often-overlooked indirect water consumption embedded in production processes—categorizing water as blue (surface and groundwater), green (rainwater), and grey (recycled). This comprehensive approach allows businesses to understand their total water footprint more accurately.

”…AI, is likely to change industrial and commercial water use and there is a need to plan our regional strategies carefully…”

The changing environmental and economic context was another key point in Peters analysis. As water prices increase, consumer behaviours shift accordingly. He noted the tension between flood and drought management, suggesting improved rainwater harvesting could address both issues simultaneously. Peter also highlighted how technological shifts, particularly the increasing use of AI, will likely transform industrial and commercial water demands, necessitating careful regional planning and innovative approaches.

Innovation and Behaviour Change, Benjamin Gardner, University of Surrey

Benjamin Gardner from the University of Surrey addressed innovation and behavior change, emphasizing that education alone is insufficient to drive change. He presented the COM-B model (Capability, Opportunity, Motivation) for behavioral diagnosis and shared research using shower sensors to influence water consumption habits.

Discussion facilitated by Claire Spendley, Waterwise

The roundtable discussions revealed that financial considerations, business continuity risks, and ESG credentials are primary motivators for water efficiency. Participants called for water use to be included in mandatory reporting (similar to ESOS energy reporting) and emphasized the need for a national narrative comparable to Net Zero initiatives.

The event concluded with a call for better data access and a consistent narrative to turn awareness into action—a sentiment that aligns perfectly with our ongoing research at SERG. As we continue our work on sustainable resource management, we remain committed to developing the evidence base and practical tools that businesses need to address the growing challenge of water scarcity in the UK.

Is there a way of creating a competitive advantage through water efficiency – increasing revenue opportunities, or offering water credits?

SERG Presents: Sophie Klein (Utrecht University) Greening the banking industry. Evidence from the current account consumers.

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SERG Presents an online seminar with Sophie Kline from Utrecht University; discussing their recent paper.

Register Now: SERG seminar : Sophie Klein | UWE-Web team (geckoform.com)

Abstract:

The transition towards sustainability necessitates significant financial resources. While investor behaviour for green investment products has received some attention, the consumer adoption of such products remains poorly understood. This study investigates the behavioural reasoning of adopting sustainable current accounts on a household level through a quantitative study with a national representative sample of 1,501 consumers in the Germany. The most prioritized factors for adoption of these accounts were sustainable self-efficacy and values. Trust in the bank provider, and financial literacy were found to be less potent factors. Further, the study identified five distinct clusters, to derive deeper insights on the diverse market segments to establish more targeted industry and policy responses due to yet limited uptake. The results highlight the need for measures by product providers and policymakers to increase self-efficacy and raise awareness of the impact of private finances on sustainability to accelerate the adoption of sustainable banking products.

About the Author:

Sophie Klein is a PhD Candidate in Sustainable Business and Finance with a diverse background spanning research institutes, the corporate sector, and international organizations. Her primary research interest revolves around financing the sustainable transition of incumbent business models. This encompasses the mapping of corporate financial structures in transforming business models, financing the phase-out of ‘unsustainable’ business models, and investigating the role of financial intermediaries and the effectiveness of financial instruments in sustainability transitions. Her commitment extends to teaching activities, such as the master course “Strategy, Economics, and Societal Impact” and “Social Impact Consulting Challenge” module.

Furthermore, Sophie actively engages in facilitating collaborations between Utrecht University and external stakeholders, fostering shared research projects with broad impact. Within the Pathways to Sustainability community, she leads and orchestrates the interdisciplinary program “Scaling up nature-positive investments and biodiversity finance“. Additionally, Sophie serves as a board member of the UN Global Compact Young Sustainable Finance initiative. 

Sustainable Finance Workshop

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Date: 12th March 2024 Time: 9am -1pm Location: UWE Bristol, EP1, Frenchay Campus

Register here


UWE Bristol and Fintech West invite organizations and wider stakeholders to discuss finance in the transition towards Net Zero.

Our workshop invites participation from all backgrounds – business, academia, government, and communities alike. Together we’ll discuss sustainable finance’s role in our regional transition to NetZero. Attend just to listen or contribute your thoughts. We extend an open invitation for anyone interested in the future, all you need to do to attend is register.

Why Attend

The South West leads change and is renowned for ethical, environmental, and social impact initiatives. Our workshop utilizes that momentum to address Sustainable Finance and its implications. Attending makes you an active participant in shaping the region’s progressive journey and gives you a voice in our fiscal future. Gain first-hand knowledge of ongoing initiatives, explore collaborative efforts already in motion, and understand what else must be done.

Save Your Seat for Change

A sense of urgency in delivery is lacking to achieve the UK’s binding NetZero greenhouse gas emissions target by 2050 (Climate Change Committee, 2023). Transitioning to NetZero demands substantial investment, but also promises extensive job and skills opportunities. Active participation from all sectors is crucial to driving the action and change needed to meet this critical goal.

Why Your Presence Matters

No matter your background, you hold a critical role in enabling a sustainable future and green economy. Your insight and participation can directly increase access to the research, funding, and support needed for positive social and environmental impact. By attending, you have a prime opportunity to help shape and accelerate the sustainable finance initiatives so urgently needed. Your involvement matters.

Agenda

  • 9.00 – Registration and networking
  • 9.25 – Welcome from Peter Bradley (UWE)
  • 9.30 – Stuart Harrison FinTech West
  • 9.40 – WECA – Plan for innovation
  • 10.00 – Alex Ivory BCC – Mission Net Zero Project
  • 10.20 – Kai Johns Rathbones – Water scarcity and Net Zero; The role of investors
  • 10.50 – UWE Bristol – Sustainable finance and investment 
  • 11.10– 11.20 – Coffee/tea
  • 11.20 – 12:00  Themed discussions:
    • Policy/regulatory compliance;
    • Just transition and private finance;
    • The role of fintech in sustainable finance;
    • Climate risks and mitigation
  • 12:00 – Coffee/tea/light lunch

Secure Your Spot Sign up now

If you, or anyone from your organisation would like to attend please complete the registration form. For more information or if you would like to get involved with planning or presenting at this event please contact Peter Bradley

Directions for those that have registered.

Full directions to the venue can be found in the confirmation email that will be sent a few days before the event. Google maps directions from UWE East entrance can be can be found here for those that need it.


SERG Seminar with Dr Chris McHugh: Financing the Sustainable Development Goals: Private sector perspectives on ’bankability’

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Date: 24 Jan Time: 15:00 – 16:00 Location: Online

Chris is a Senior Advisor to the International Association of Credit Portfolio Managers and is affiliated to the University of Southampton as adjunct faculty. He was the founder and Director of the Centre for Sustainable Finance at The London Institute of Banking & Finance and a faculty member lecturing on derivatives, risk management and sustainability. He spent ten years as a visiting lecturer at the Judge Business School, Cambridge University and has tutored at Oxford University.

He has over 20 years experience in investment banking, with a focus on the risk management and structuring of derivative-based transactions. He has significant exposure to a wide range of asset classes: Foreign Exchange, Interest Rates, Energy Commodities, Emerging Markets, Credit Derivatives and ‘XVA’.

His principal research interests relate to development and sustainable finance and the interaction of public and private sector financial markets, in particular the mobilisation of private capital in support of the SDGs.

Title:      Financing the Sustainable Development Goals: Private sector perspectives on ’bankability’

Abstract:  Mobilisation of the private sector in support of Sustainable Development Goals (SDGs) relies on creating bankable projects in which the risk can be shared or transferred to private sector banks and investors through suitable financial instruments in an executable format. This paper brings a new perspective to the opportunities and constraints to mobilisation through interviews conducted with 22 senior, front-line investment bankers from 18 banks with a total asset base of $25.6 trillion.  Using a thematic analysis, the interviews demonstrate that (i) market structure and practices of MDBs are not always aligned with the private sector, and (ii) the technicalities of risk, reporting and taxonomies create mismatches between the goals of MDBs and private sector banks. These effects constrain the potential flow of bankable projects that can be financed, but also suggest avenues for future research to increase capital mobilisation.

For an invite to this seminar please Email Peter Bradley – peter.bradley@uwe.ac.uk

Business schools in emerging markets: why do they matter?

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True, the image that business schools have gained in the latter years is one of elitist and expensive institutions that train greedy executives and insatiable business people whose drive for profit has not only created an unequal world but also derived in economic catastrophes such as the financial crash of 2008. And while these interpretations may not be far from the reality, arguably, a different perspective is to see business schools as tools and drivers for inclusive and sustainable economies and development. Indeed, they can also train business leaders, managers, and entrepreneurs to be socially responsible and to lead innovation in business models, processes, products, and services according to a more positive set of values. They can also educate their students to nurture firms that value diversity, close the gender gap, commit to reduce inequalities and support the development of national economies according to the UN Sustainable Development Goals.

In fact, there are 15,000 business schools in the world, half of them are located in emerging markets, yet only around 1% of these are accredited by leading organisations such as the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA), or the EFMD Quality Improvement System (EQUIS). Interestingly, most of the recent accreditations granted by these institutions come from business schools in emerging markets. This situation triggers the curiosity to enquire about the kind of management education that is being diffused throughout the world, especially in latecomer countries.

Driven by this concern, Camelia Ilie (INCAE Business School), Guillermo Cardoza (INCAE Business School), Gaston Fornes (University of Bristol) and myself aimed to enquire how have business schools based in emerging markets developed and grown? What are their drivers, enablers, and barriers? How have they developed and overcome these? What strategies were adopted to achieve sustainable growth? How did they develop their academic and pedagogical capabilities? What capabilities did they develop to face the challenges of management education today?

Our study, which was published in the journal Sustainability, and aimed to reduce the gap in the understanding of business schools in emerging markets and their development. To do so, we analysed the cases of 7 of leading business schools in emerging markets located in Africa, China, India, Latin America and Russia. We conducted this analysis employing in-depth interviews with their deans or presidents, complemented with archival research, underpinned by theoretical and empirical research. Although anonymity was promised and the names of these higher education institutions cannot be revealed -as a measure to obtain reliable and valid results-, our findings are based on business schools usually recognised in world and regional rankings. The sample also includes a balance between young and more mature schools, privately and state-funded, some of them with strong ties with other business schools from the United States and others born as stand-alone institutions. All of them are accredited by at least one of the major management education accreditation bodies described earlier, which implies they are part of this 1% elite schools in the world and that they comply with international academic quality standards. Furthermore, we included cases beyond the traditional countries studied by emerging markets scholars -China and India-.

Our case studies highlight very interesting patterns, similarities and differences in terms of the national context and how these schools aim to serve their societies. While the study provides a very rich account and stimulating insights for every individual case, our analysis highlights the following:

  1. Despite the differing years in which they were founded, business schools in emerging markets aim to support the country’s development by training local business people with management knowledge, skills, frameworks and techniques originating in the global North, mainly the US.
  • We could identify four models of adoption and adaptation:

(i) direct adoption of programmes;

(ii) hiring of national citizens working in business schools from abroad;

(iii) systematic exchange with partner institutions; and

(iv) hiring of local practitioners working in the domestic market.

All these four models implied the adoption and adaptation of imported teaching and learning strategies, for which the governance model and structure of the schools had a clear impact.

  • Intuitively, the adoption process of the first model took longer than the faculty-led models (ii, iii, and iv). We argue that this was facilitated by the exposure of academics to the local and international realities, which became the drivers for building the capabilities required for this process.
  • Moreover, the opening of national economies was also a relevant factor that boosted the demand for trained business professionals who could lead firms to more competitive levels. At the same time, foreign companies venturing into emerging markets also needed trained professionals who could understand the business environments of both home and host countries and efficiently implement standardised management practices. This demand provided the financial resources that fuelled a sustainable growth path for these business schools and drove the upgrading of teaching and learning strategies to international standards.
  • Business schools in emerging markets seek international accreditation to build their reputation and legitimise themselves. The schools in our study that followed models (i) and (ii) had it easier as they already had the governance model and structure that understood the international standards language. In turn, the institutions following the other models sought help from international business schools to sort out this process. This allowed these schools to gain international recognition, although, as our interviewees emphasised, accreditation requirements do not seem to understand in depth the reality faced by this type of institutions in emerging economies. 
  • While business schools have grown exponentially, especially in emerging markets, as to ‘commoditise’ business education, the processes described above enabled the schools in our study to gain a new capability: compliance with international standards by adopting teaching and learning activities from abroad, but at the same time developing learning activities that reflected the domestic reality, taking the lead not only in supporting local firms with the challenges faced by their context but also in themes such as sustainability; inclusion, diversity and social change; technological management and disruption; innovation; start-ups and global networks.  

These findings suggest that the model set by leading business schools in the Global North has been adopted and adapted by business schools in the Global South, which has facilitated the boom of these higher education institutions throughout the world. The very few, top business schools in emerging markets that have managed to build a different path, as those from our study, likewise started by adopting and adapting the model, yet they increasingly developed the critical capabilities that allowed business schools from advanced countries to stand out: on the one side, attracting and retaining highly qualified faculty members and practitioners that work closely to firms, and on the other, designing their own learning and teaching activities to meet the local needs, but at the level of international standards.

Of course, this study is based on 7 of the top 50 business schools in emerging markets. It would be interesting to expand this enquiry to understand what other processes are at stake, the relationship between non-accredited business schools and the service provided to their societies, as well as the contribution to their business environments. More importantly, our study leads to reflect on the role played by international accreditation bodies and business schools in the global North, their power and influence in shaping (and globalising) management education, including their effects in training senior executives and managers from emerging markets, and their potential contribution to model sustainable societies across the world. Similarly, we should be thinking out of the box and envision what lessons and learnings we are missing by endorsing a ‘one-size-fits-all’ business school model that has not embraced the diversity, challenges, learning needs and strategies faced in other contexts.

This blog post was written by Juan Mondragon Quintan, Assistant Support Lecturer in Economics at UWE Bristol.

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