In the winter semester 2015/16 the Darmstadt Business School organized a lecture series on the topic: “Public Value – Vision, Concepts and Practical Implementation”. The term “Public Value” stands for the systematic question that society poses to organizations and their management as to which values they create for society. Popular terms such as regional value creation, public welfare orientation or corporate social responsibility are an expression of the fact that companies and other organizations increasingly have to take into account completely different expectations.
In the course of the event, it quickly became clear that discussions on these topics only make sense with a broader contextualization. The change of organizations must be analyzed against the background of the necessity of a fundamental social-ecological transformation and embedded into it. The central keyword is and remains sustainability. This does not only concern companies, but also public administrations and above all universities.
“…that the Darmstadt Business School must also create structures that provide an answer to new challenges and social requirements.”
Against this background, perhaps the most important result of the lecture series was that the Darmstadt Business School must also create structures that provide an answer to new challenges and social requirements. Following the lecture series, it was therefore decided to found a research institute with the name Centre for Sustainable Economic and Corporate Policy.
In 2017 the SECP was officially established as part of the Faculty of Economics and the h_da. Already in the first year of its existence, considerable third-party funds were raised. On this basis, the newly founded institute was able to achieve considerable growth in only a short time. In the meantime, after just under three years of existence, nine professors* work together with five research assistants* and several assistants in order to gain new insights for the promotion of a sustainable transformation of economy and society.
Previous speakers of the SECP
Prof. Dr. Ulrich Klüh