Global warming and the widening gaps and changes in the labor market are just some of the immense challenges companies and organizations will have to face in the near future. A new program, led by Dr. Tsafrir Bloch, will provide them with tools that aid in finding solutions.
Humanity is facing a host of formidable challenges, such as climate change, social and economic disparities, dramatic changes in the labor market, and more. Managers, companies, and associations cannot stand on the sidelines and leave governments to deal alone with these challenges. They will have to, sooner or later, find work models that address these challenges, without compromising profitability. To aid in this mission, MTA has launched the Master's Degree in Business Administration (M.B.A.) with a specialization in socio-economic innovation, led by Dr. Tsafrir Bloch.
"The specialization offers an opportunity for students who want new, practical tools that allow to develop processes and solutions that are based on network thinking, not linear thinking," Bloch explains. "These solutions will enable them to lead people, projects and organizations to address the most pressing social, economic and environmental challenges in the world today."
"Students will learn how to create for their companies a bottom line from the three key parameters: People, Planet, Profit. We will combine the study of “classical” business administration approaches with the growing criticism toward current social and economic theories and ideas and with new tools and concepts that are emerging in the world in an attempt to respond to today’s challenges. Tools like behavioral economics, collaborative economics, sustainable profit models, Big Data, crypto currencies, blockchain and complementary currencies, innovation management, experiential learning and more,” Bloch emphasizes.
It is a unique program, with courses that are not taught in other academic institutions in the country, only in a few other academic institutions in the world, such as collaborative economics as a tool for sustainable development; and crypto and complementary currencies as a tool for socio-economic development. In addition to their studies, students will gain practical experience in the "Generator" program, where they will be required to develop a socially, economically and environmentally sustainable profit line for an organization that presents students with a real-world challenge that requires a solution.
"The new world is already working in the social networks, and the Internet was just the beginning," Bloch explains. "Today, all the sectors work with methods of manufacturing services and solutions through networks, from tourism through health, energy, finance and more. Think, for example, about Facebook, Airbnb and UBER."
The specialization provides graduates with new employment directions, such as developing business ventures that generate revenue, on the one hand, and promote social goals, on the other hand. It is also highly relevant to the third sector - because there are not enough donations, so nonprofit managers and organizations are required today to find ways to raise resources for activity in more sustainable ways.
The target audience of the specialization is people who want practical tools to deal with the climate and social crises we face, as well as people who seek employment that has a positive social and environmental impact, including corporate accountability managers, third-sector executives, IDF veterans who seek future meaningful employment, people engaged in increasing public awareness, employees looking for additional occupation, community managers and more.