Vision 2025:
Business for a Better World
Message from the Dean Dear Friends, The Sprott School of Business prides itself on being a strong and supportive scholarly community where everyone can thrive, no matter where they have come from or where they wish to go. Years ago, our students captured the essence of our community in a simple concept, #SprottLove. #SprottLove provides us with an excellent foundation for our future. Businesses of tomorrow need to lead from the heart, with compassion, imagination and purpose. At Sprott, future leaders gain the confidence to ask hard questions, to embrace diverse perspectives and to be authentic in their leadership. For our students, alumni, staff and faculty, we are a community for life. In 2020, our world changed forever in the face of a pandemic that disrupted every element of our life and business as we knew it. At Sprott, our community values and capacity to adapt allowed us to rally together to provide our students, alumni, partners and one another the support and knowledge to forge ahead through this period of change. As we tackled the challenges right in front of us, we also joined together to consider our future. Our ambitions for the future build on our strengths and our community values. The next five years will be filled with opportunities - for the world and for Sprott. Although we can only imagine what the world ahead will be like, we know that we will rely on human ingenuity to create prosperity without harm to our health or our planet. We know that a better world is one that is more equitable and just, more sustainable and more caring. At Sprott, we can contribute to a better world ahead through the continued provision of outstanding education, research and partnerships. By 2025, the Sprott School of Business will be well known for transformational learning experiences that prepare graduates to embrace complexity and
creatively respond to change. We will be known for research that provides organizations with insights and tools to adapt and respond to opportunities responsibly and effectively. Sprott will also be known for its impact on our region’s economic prosperity and on Canada’s role as a global leader in sustainable business and investment. I am thrilled to present a strategic plan for the Sprott School of Business that will help us to realize these ambitions. As the school moves to its new home in the Nicol Building, boundless opportunities await us. This strategic plan provides clarity in our mission and a framework by which our actions are accomplished, with a shared set of values that live and breathe the #SprottLove credo.
Dr. Dana Brown Dean, Sprott School of Business
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Our Aspiration Through our scholarly work and engagement, we aim to cultivate the enterprising spirit of business in order to foster shared prosperity and advance equity and justice for all.
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Our Calling We create learning experiences and scholarship that harness the potential and opportunity for business to improve lives worldwide. In fulfilling this calling, we acknowledge and respect the Algonquin nation on whose traditional and unceded territory we are gathered and value our location in Ottawa, the thriving capital of a G7 country and a hub of Canadian social and technological innovation.
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Our Values Compassion We are an inclusive, caring community that ensures that students, faculty, staff, alumni and partners feel supported and valued. We demonstrate empathy in our interactions with one another and through our external engagement and scholarly work.
Imagination We encourage bold ideas; we think creatively; we look beyond ourselves and the ‘way things are’ to foster innovation for the future. Purpose We are attuned to the community and the world around us and we are driven to contribute to the greater good.
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Business for a Better World Our Sprott School of Business community has identified five interconnected strategic principles to guide us as we navigate our future and strive to create meaningful impact on the world around us. These principles, aligned with Carleton’s Strategic Integrated Plan, determine our priorities and help us to fulfill our aspiration while living and exemplifying our core values of compassion, imagination and purpose. Principle 1: Transformational Lifelong Learning Journeys We attract students who strive to make a difference in the world. We provide individualized, lifelong learning journeys that allow our students to discover their unique talents and to unleash their imagination. Principle 2: Entrepreneurial Mindsets to Create Positive Change We are a critical link for innovation, entrepreneurship, and social enterprise for positive impact within the region, country, and the world. We exemplify innovative and enterprising practices within the school and are leaders within the university. Principle 3: Partners in Ottawa’s Prosperity We engage with businesses, community organizations, and government departments to cultivate talent and share knowledge that positively impacts the economic development of Ottawa and the National Capital Region. Principle 4: Global Insights and Cross-Cultural Collaborations We serve the world and foster a global mindset and intercultural capabilities for future leaders and organizations to deliver on the promise of shared global prosperity. We are a hub of knowledge, talent and networks to support Canada’s role on the world stage. Principle 5: Advancing Responsible Leadership We develop and inspire the responsible decision-makers of tomorrow to advance sustainable development. We are leaders and cross-sector collaborators in advancing the role, dynamic and impact of organizations in the creation of sustainable social, environmental, and economic value.
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Principle 1:
Transformational Lifelong Learning Journeys We attract students who strive to make a difference in the world. We provide individualized, lifelong learning journeys that allow our students to discover their unique talents and to unleash their imagination. Our faculty and instructors inspire their students with exciting ideas and insights and by harnessing the wealth of diverse knowledge and experience in our community. We make the world our classroom through unique experiential and work-based learning opportunities. Sprott graduates are known for being able to hit the ground running when they enter the workforce - bringing strong technical knowledge, outstanding communication skills, creativity, breadth of knowledge and empathy. High employability and new business creation are a testament to the journey that our students take while studying with us. GOAL 1: Attract talented students from diverse backgrounds and experiences to study at Sprott ACTIONS: • Create a new school brand that tells our compelling story and demonstrates our diversity • Expand recruitment to underserved areas and communities in Canada and worldwide • Develop an international recruitment plan that helps us diversify our student body • Review admissions criteria across our programs to broaden recruitment channels • Raise funds for new diversity scholarships GOAL 2: Develop unique curricula and integrated opportunities for experiential learning ACTIONS: • Enhance our curricula to incorporate new learning goals focused on communication and analytical skills, responsible management, diversity of thought, and creative thinking • Grow participation in Sprott Student Consultancy • Create new opportunities for work-integrated learning in our programs
• Create new, interdisciplinary social innovation projects, in partnerships with Indigenous communities, local and global organizations • Incorporate micro-credentials into our undergraduate, graduate and executive programs • Offer exceptional opportunities for skill development through the Employability Passport via inhouse programming and partnerships • Deliver our programs in new ways to extend our reach to include non-traditional learners, including the use of stackable credentials that recognize competencies and achievements and allow for equivalent credit transfer into the BCom • Continue to enhance our outstanding Accounting programs (BCom Accounting, Post-Baccalaureate in Accounting, MAcc), in partnership with the CPA, through incorporation of AI technologies and sustainability principles in the curricula • Launch new programs to capitalize on our strengths: Masters in Finance, Post-Baccalaureate in Finance, Masters in Arts Leadership GOAL 3: Foster a supportive and collaborative learning environment ACTIONS: • Design unique, accessible spaces in the Nicol Building for in-person and virtual collaborative learning • Enhance Sprott’s integrated student support systems and collaboration between Sprott student services, student associations and course instructors • Establish a new committee of student, staff and faculty to oversee initiatives and outcomes in diversity and inclusion
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Principle 2:
Entrepreneurial Mindsets to Create Positive Change We are a critical link for innovation, entrepreneurship, and social enterprise for positive impact within the region, country, and the world. We exemplify innovative and enterprising practices within the school and are leaders within the university. We are a centre of excellence in entrepreneurship education, offering a hub for training, mentorship, and new venture development within Carleton, and a source of entrepreneurial talent for the city, the region and the world. Sprott offers a suite of activities to support the process of innovation and growth of new ventures within the Carleton community. We deliver strong joint programs and collaborations with other faculties such as Science and Engineering, to encourage technological and social innovation. We take our experience and knowledge with educational initiatives and support to help to foster entrepreneurship and create solutions to the most pressing global challenges. Sprott is visible and known for innovations that harness technology for positive social impact. GOAL 1: Provide opportunities for all Carleton students to engage in entrepreneurship ACTIONS: • Create new business minors in Technology Entrepreneurship and Social Innovation and promote these to Sprott and all Carleton students • Open an Innovation Hub in the Nicol Building for coworking, mentorship, ideation and training • Partner with Hatch, CUSA’s student-led entrepreneurship program, in developing and promoting Innovation Hub activities that bring together students from across the university • Lead and expand university engagement with Enactus and other global entrepreneurship competitions
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GOAL 2: Integrate business and technological knowledge through new learning opportunities ACTIONS: • Develop new micro-credentials and certificate programs in technology and management skills to offer to Carleton undergraduate and graduate students and professional learners • Become a known centre of excellence for education and research in Business Analytics • Create a new joint degree option with the Faculty of Engineering and Design • Collaborate with partners in Carleton and external partners to launch professional training in commercialization and intellectual property for Carleton students and professional learners GOAL 3: Forge partnerships to expand entrepreneurial learning and knowledge sharing ACTIONS: • Partner with local community, government and business organizations to engage students in innovations that positively benefit our region • Partner with Indigenous communities and organizations, including Indigenous Works, to create a Centre for Indigenous Entrepreneurship and Innovation • Partner with colleagues in African Studies to develop a proposal for building capacity for global entrepreneurial education in high schools and universities in select African countries and Canada
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Principle 3:
Partners in Ottawa’s Prosperity We engage with businesses, community organizations, and government departments to cultivate talent and share knowledge that positively impacts the economic development of Ottawa and the National Capital Region. We listen to and collaborate with decision-makers and organizations to respond to needs in the region as they evolve. We support the efforts of the Algonquin nation toward self-governance, self-determination and sovereignty. Our talented students contribute their skills, energy and perspective to government, private sector and non-profit organizations in Ottawa and the National Capital Region through work experiences, projects and outreach. The connections they forge motivate many of our students to stay in the region and to become the future leaders, innovators and creators, shaping the positive trajectory of our national capital. Working in the community gives Sprott students unique insight into
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the value of shared prosperity and sustainability for a community’s well-being as they become conscientious caretakers of their city and region. Our students contribute to the diverse talent and knowledge that give the region its unique edge. GOAL 1: Help to accelerate the regional ecosystem of world-class technology companies ACTIONS: • Partner with the Faculty of Engineering and Design, the Faculty of Science and the Office of the VicePresident for Research and International at Carleton to establish a university presence and launch new initiatives in Kanata North
• Launch new professional programs and an executive coaching group aimed at increasing management and leadership capacity in regional technology companies • Partner with technology companies to offer workbased learning courses for Sprott students • Establish new partnerships between Sprott’s Business Career Management Centre (BCMC) and regional technology businesses in talent recruitment GOAL 2: Partner with regional postsecondary institutions to focus on employability and entrepreneurship for traditionally marginalized students through research and skills development ACTIONS: • Collaborate with business schools at the University of Ottawa, Algonquin College, and La Cité Collégiale, to launch the first integrative degree in the Ottawa Education City initiative • Partner across faculties at Carleton to integrate inter-disciplinary knowledge into the foundation and work-based curriculum in the new Education City Bachelor of Commerce • Develop programs that prepare students for careers in business, government and non-profits, and provide the skills required to work across these sectors
• Integrate sustainability and responsible leadership into the foundations of the shared curricula • Enhance partnerships with college programs in Accounting and Finance to help students pursue a CPA or CFA designation, respectively GOAL 3: Bring worldwide knowledge to the National Capital Region through executive education ACTIONS: • Launch Sprott Executive Education, building on the success of our professional development unit and our research strengths • Develop new executive programs in sustainable management practice, social impact measurement, accountability and sustainable finance • Partner with worldwide academics and institutions to develop new leadership training programs for the region’s government and business leaders • Build a community of executive coaches in Ottawa to support our leadership training initiatives and to start to integrate coaching into our graduate student support • Formalize engagement model and serve as a partner for other academic units to collaborate, develop, market and deliver new executive education offerings
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Principle 4:
Global Insights and Cross-Cultural Collaborations We serve the world and foster a global mindset and intercultural capabilities for future leaders and organizations to deliver on the promise of shared global prosperity. We are a hub of knowledge, talent and networks to support Canada’s role on the world stage. Ottawa is the ideal base for a globally minded business school. We are able to draw on strong networks in government, embassies and international organizations and a highly diverse population to build deep crosscultural knowledge and opportunities. Our research expertise in global business and economy makes us well positioned to help define the future of globalization and the relationship between sustainable local and global economic development. Sprott students are globally diverse and culturally aware. Virtual platforms, global study opportunities and world-class support connect students based in different parts of the world as they achieve academic success. Our global partnerships and our close collaboration with our Shanghai campus give Sprott students a wealth of choice and opportunities to study, work or volunteer abroad. GOAL 1: Enhance global learning experiences ACTIONS: • Embed the global economic context and crosscultural business development in all of our degree programs • Expand the number of global partners in our dual degree offerings • Increase partnerships with global universities, NGOs and businesses to increase student international study, research and internship opportunities • Grow the number of students studying for the MBA at our Shanghai campus
• Establish a pre-experience Global MBA that leverages worldwide partnerships to create global learning experiences for students and to widen our reach to more international students • Launch a hybrid model of our Professional MBA in new global locations GOAL 2: Promote research and impact on internationalization ACTIONS: • Partner with government, private sector and Indigenous organizations that are tasked with promoting the globalization of Canadian businesses to co-create new research and insights that impact policies and decision making • Synthesize and promote our expertise and reputation in core areas including: • Disruptive change and leadership • Business internationalization strategies GOAL 3: Foster a worldwide network of talent ACTIONS: • Continue to foster strong relationships with our students, alumni and partners in China • Establish alumni networks in areas of the world where we have significant presence • Create new partnerships with select global high schools, colleges and training institutes to offer collaborative courses and transition programs • Create new executive education program in global leadership
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Principle 5:
Advancing Responsible Leadership We develop and inspire the responsible decision-makers of tomorrow to advance sustainable development. We are leaders and cross-sector collaborators in advancing the role, dynamic and impact of organizations in the creation of sustainable social, environmental, and economic value. Responsible leadership at Sprott means that leaders at all levels harness the potential of business to increase our shared prosperity through the creation of meaningful employment and the development of goods and services that contribute to the well-being of humanity. It means fostering sustainable business models that are net positive for the planet and people who reside on it. Responsible leadership is about environmental sustainability, genuine inclusion, investing for impact, ethical decision-making and innovating for good. We practice what we preach, creating an equitable, inclusive and healthy workplace and learning environments and policies to encourage
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environmental and social responsibility across our operations, teaching and scholarship. GOAL 1: Promote research on environmental sustainability, social impact, ethical decision-making, inclusive workplaces, social innovation and responsible leadership ACTIONS: • Partner with organizations (Indigenous, nongovernmental and private sector) and government departments to co-create knowledge and insights on fostering more responsible business policies and practices
• Develop a plan for new Chairs in Business Environmental Sustainability and/or Equity and Inclusion • Synthesize and promote our expertise and reputation in core areas including: • Sustainable business development • Inclusion and diversity in the workplace • Social impact accountability • Encourage inter-disciplinary research collaborations within Carleton and with external partners focused on grand challenges including climate change, aging populations, poverty and mental health in the workplace GOAL 2: Integrate knowledge and perspective on responsible management across our curricula ACTIONS: • Incorporate into all Sprott courses critical perspectives on the purpose of business and knowledge to measure and ascertain the social and environmental impact of business decisions. • Create new opportunities for all students to increase their self-awareness and to relate personal values and principles to decision making and innovation • Introduce new courses and micro-credentials on sustainability, social impact accountability and investment, responsible management and leadership, climate change, and social justice
• Expand ESG (Environmental, Social and Governance) investment research in our Sprott Student Investment Fund • Increase female participation in the Finance concentration and Sprott Student Investment Fund • Work with student groups to expand community outreach on tax support financial literacy training as a for-credit experiential learning opportunity GOAL 3: Exemplify responsible leadership ACTIONS: • Develop plans to incorporate sustainability into our operations, the Nicol Building and management practices • Building on the appointment of an Assistant Dean of Equity and Inclusive Communities, embed equity, diversity and inclusion considerations into all of strategic initiatives • Promote our strong culture of support, inclusion and compassion at Sprott to continually ensure that we are a great place to work and build a career • Become a PRME (Principles for Responsible Management Education) Champion and be recognized as a thought or action leader in the responsible management community • Enter the Corporate Knights Better World MBA rankings and continually improve our rank
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Summary OUR ASPIRATION Through our scholarly work and engagement, we aim to cultivate the enterprising spirit of business in order to foster shared prosperity and advance equity and justice for all. OUR CALLING We create learning experiences and scholarship that harness the potential and opportunity for business to improve lives worldwide. In fulfilling this calling, we acknowledge and respect the Algonquin nation on whose traditional and unceded territory we are gathered and value our location in Ottawa, the thriving capital of a G7 country and a hub of Canadian social and technological innovation.
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OUR VALUES Compassion We are an inclusive, caring community that ensures that students, faculty, staff, alumni and partners feel supported and valued. We demonstrate empathy in our interactions with one another and through our external engagement and scholarly work. Imagination We encourage bold ideas; we think creatively; we look beyond ourselves and the ‘way things are’ to foster innovation for the future. Purpose We are attuned to the community and the world around us and we are driven to contribute to the greater good.
OUR PRINCIPLES Transformational Lifelong Journeys GOAL 1: Attract talented students from diverse backgrounds and experiences to study at Sprott
GOAL 2: Partner with regional postsecondary institutions to focus on employability and entrepreneurship for traditionally marginalized students through research and skills development
GOAL 2: Develop unique curricula and integrated opportunities for experiential learning
GOAL 3: Bring worldwide knowledge to the National Capital Region through executive education
GOAL 3: Foster a supportive and collaborative learning environment Entrepreneurial Mindsets to Create Positive Change GOAL 1: Provide opportunities for all Carleton students to engage in entrepreneurship GOAL 2: Integrate business and technological knowledge through new learning opportunities GOAL 3: Forge partnerships to expand entrepreneurial learning and knowledge sharing Partners in Ottawa’s Prosperity GOAL 1: Help to accelerate the regional ecosystem of world-class technology companies
Global Insights and Cross-Cultural Collaborations GOAL 1: Enhance global learning experiences GOAL 2: Promote research and impact on internationalization GOAL 3: Foster a worldwide network of talent Advancing Responsible Leadership GOAL 1: Promote research on environmental sustainability, social impact, ethical decision-making, inclusive workplaces, social innovation and responsible leadership GOAL 2: Integrate knowledge and perspective on responsible management across our curricula GOAL 3: Exemplify responsible leadership
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Sprott School of Business Carleton University 1125 Colonel By Drive, Ottawa ON K1S 5B6 Canada sprott.carleton.ca