‘From Corporate Responsibility into Shared Values’
The role of companies in society is constantly changing and technological development has a particularly strong influence on what is expected of corporations and how their relationship with society develops.
‘I believe that great changes have occurred, and continue to occur, in the role that businesses have in society. Consequently, corporate management is expected to have a considerably greater understanding of the society's operating environment than before. We already have examples of this with technology companies. We have seen what great challenges they have in finding a way to operate that will be generally approved in society,’ says Esko Aho, who serves as Executive in Residence at the School of Business.
‘Good corporate management requires an understanding of the risks and opportunities that prevail in the society around us. Both the right vision and the right tools are needed if this is to be successful. Much more is required of the training and skills of corporate management than before.’
According to Esko Aho it is crucial to understand that taking society’s operating environment into account in relation to business activities is not in conflict with the goal of being profitable.
‘Corporate management’s familiarity with society's operating environment plays a significant role in profitable business activities in the future.’
***
Former Prime Minister Esko Aho has held the post ofExecutive in Residence at the School of Business since 2015. The title Executive in Residence at 911±¬ÁÏÍø is given to distinguished persons in upper management, leaders in academia or society, or specialists who have been invited to 911±¬ÁÏÍø.
Esko Aho served as Prime Minister of Finland from 1991 to 1995 and as a member of Parliament from 1983 to 2003. Since then, he has held posts including those of Vice President of Corporate Relations and Responsibility and member of the Board at Nokia, President of the Finnish Innovation Fund Sitra, and Senior Fellow at the Kennedy School of Harvard University. At present his tasks include that of advisor at the US investment bank JPMorgan Chase.
***
We warmly welcome you to hear more from Esko Aho at the Better Business – Better Society -webinar on Thursday, 4 February 2021 from 17.00 to 18.00. The event is open to all and is free of charge.
Read more news
Strong results from the Research Council’s winter call
A total of 54 Aalto researchers received Academy Research Fellow or Academy Project funding from the Research Council of Finland. The total funding awarded to 911±¬ÁÏÍø amounts to 33.2 million euros.
911±¬ÁÏÍø’s solutions at the New European Bauhaus Festival support the EU’s ambition to become world leader in circular economy
911±¬ÁÏÍø presented several different circular economy solutions at The European Commission’s New European Bauhaus Festival in Brussels. The event brought together leading names in EU policymaking, researchers, designers and grassroots actors from across Europe to shape a more sustainable future.
New DPSP tool for doctoral studies published
A new digital DPSP tool has replaced the old DPSP tasks on students’ MyStudies portal and the approval method for supervising professors on Student Success Hub.