Master of Science in Sustainable Management
The main purpose of the programme is to give the students understanding and knowledge about business and sustainability. Particularly, the programme is related to opportunities and challenges organizations experience in relation to societal, environmental and climatic changes as well as competing stakeholder interests in a contemporary society.
Sustainability can be defined in different ways. One important perspective relates to considering sustainability from strategic and operational actions of an organization in the light of economic as well as environmental and social impacts. With increasing focus on global climate change and the impact of human economic activity on the environment and nature, growing challenges of social and societal inequality in performing global economic activities, more and more organizations are today increasingly required to demonstrate improved organizational performance in terms of the “triple bottom line”. This should come as the consequence of changing organizational policies and practices focusing on introducing and institutionalizing sustainability considerations, which in turn requires an increasing need for skilled professionals in the field.
In this sense, the High North, with it´s wealth of natural resources, represents an pertinent region of study. Economic growth in the region depends on sustainable development and the use of these resources. This development is, however, not risk-free. The eco-system is vulnerable and, some have argued that high petroleum activity in this area may impact the major fishing stocks of Arctic regions. The debate about future exploration and exploitation attracts attention from many stakeholders such as oil companies, fisheries, indigenous populations, the tourism industry, policy makers and NGOs.
General description and profile of the programme
This master programme focuses on providing the fundament for designing and maintaining sustainable business operations in general. In addition, taking advantage of being in the middle of the High North, the programme provides unique knowledge of how to handle potential conflicts related to sustainable management of an organization and its resources, find ways to handle stakeholders with different interests, initiate processes supporting stakeholder dialogue and peaceful co-existence for the common good.
This is an international Master of Science programme where the study programme is run based on international cooperation between Bodø Graduate School of Business (Norway) and its partner universities in Russia, Ukraine and Canada:
- Baltic State Technical University, Russia (BSTU)
- Murmansk State Technical University, Russia (MSTU)
- Northern (Arctic) Federal University, Russia (NArFU)
- Taras Shevchenko National University of Kyiv, Ukraine (KNU)
- Taurida National V.I. Vernadsky University, Ukraine (TNU)
- Tumen State University, Russia (TSU)
- Ukhta State Technical University, Russia (USTU)
The 1st semester focuses on business administration and management theory, with the aim of broadening students’ understanding of the energy sector’s eclectic nature. It will also help develop proficiency in the constructive use of theory at the same time developing an active attitude towards management of strategic business processes. In addition, some major environmental, philosophical, and ethical issues related to business in general and the energy industry, in particular, will be focused on. Courses are provided at HHB, campus Bodø.
The 2nd semester advances theoretical knowledge in business- and sustainability-related topics with newer and more complex theories. The sustainability of an organization, as a concept situated in a global perspective, will be a common theme throughout the semester. Economic, environmental and social issues of operating an organization in the modern conditions will be considered from perspectives of global institutional regulatory and governance practices, sustainability management and reporting tools as well as new perspectives on economic theory (e.g. ecological economics). Students also learn to recognize and solve problems related to sustainability issues of conducting businesses in the context of The High North. The research methods course during this semester helps students prepare for thesis work later on in the programme.
Courses are provided at HHB, campus Bodø. Students from partner universities in Russia and Ukraine take courses during this semester jointly with programme students in Bodø.
The 3rd semester aims to deepen, integrate, and assimilate new knowledge of theory and method. There will be activities designed to improve students’ problem-solving skills. Courses for this semester for a joint class of students on the programme from HHB and Russia/Ukraine are provided by partner universities in these countries. The choice of partner university depends upon the number of students, the availability of courses and the choice of specialization. Courses will help build further analytical and theoretical competence while analyzing key economic, environmental and social responsibility factors affecting the sustainable development.
The 4th semester focuses on writing and completing the master thesis. Students can use opportunities to take semester internships at our partner universities, also in North-America, for instance University of Alberta (Canada).
No special university related tuition costs except semester registration fee and syllabus literature. Partner universities in other countries may require tuition fees and this is subject to change from year to year.
Admission occurs based on three or four years of study (Bachelor or equivalent) in business/management- related fields, including certain requirements concerning relevant courses.
The following topics must have been covered as part of undergraduate studies:
- Business Analysis, 55 ECTS credits
- Economics, 15 - 20 ECTS credits
- Method, 15 - 20 ECTS credits
The university has general guidelines stipulating the level of English language ability in line with the minimum national requirements for study at Masters level, as well minimum levels of secondary and higher education for international students.
Students enrolled in the university’s Master of Science program in Business Administration may elect to start this programme, but only upon completion of their first semester.