Beril Toktay, professor of operations management and the Brady Family Chair, led efforts to win the grant for the Center on Business Strategies for Sustainability.
Published on: 02-19-2013
Georgia Tech Scheller College
of Business is establishing the Center on Business Strategies for
Sustainability, thanks to a three-year, $750,000 grant recently awarded by the
Ray C. Anderson Foundation.
Through its focus on sustainable
business practices, which aim to minimize negative impact on the environment and society, the center plans to:
- Generate and disseminate high-impact research in
business strategies and innovation for sustainability.
- Teach students – tomorrow's engineers, managers,
entrepreneurs, and CEOs – how to integrate cutting-edge
business principles, science, and technology to further sustainability
objectives throughout their careers.
- Partner effectively with industry
to accelerate the development and adoption of best practices concerning sustainable
Scheller College has numerous faculty actively engaged in this area, rivaling
many top business schools," says Scheller College Dean Steve Salbu.
"Our College's strong focus in the management of technology, innovation,
and commercialization is highly relevant to the adoption and management of
green tech. The opportunity to leverage these core strengths for
high-visibility, high-impact leadership in sustainable business research and education has never been
greater, and I am very excited by the potential created with the founding of the
Center on Business Strategies for Sustainability."
Operations Management Professor
and Brady Family Chair Beril Toktay, who spearheaded the effort to win the
grant, says, "Interest in sustainability has grown tremendously in both
the business world and academia. When I first started my career, not that many
people were researching it. But Scheller College now has faculty in different
areas, from operations and finance to business ethics and marketing, addressing
various aspects of sustainability, including socially responsible investing,
environmental economics, and
sustainable operations. We hope to leverage all
of this expertise through the new center and pursue collaborative, value-adding partnerships within the broader sustainability community at Georgia Tech and beyond."
Other faculty members integral
to the development of the center proposal include Atalay Atasu,
Manpreet Hora, and Ravi Subramanian (operations management); Omar
Rodriguez-Vila and Koert van Ittersum (marketing); Wade Chumney and Lucien
Dhooge (law and ethics); Terry Blum (organizational behavior, Institute for Leadership and Entrepreneurship); and Sudheer Chava (finance).
The Ray C. Anderson Foundation was created in honor of the late Ray C.
Anderson (1934-2011), the founder of Interface, a residential and commercial
carpet manufacturer. During his time at Interface, Anderson championed the
notion of businesses doing well by doing good, including environmental
stewardship and sustainability.
is a great privilege to have the ground-breaking support of the Ray Anderson
Foundation," Toktay says. "What we want to achieve is so congruent with Ray Anderson's vision
that I really cannot imagine any other partnership that would be more inspiring
to us and send a more powerful message to the world about our aspirations: to
do groundbreaking, high-impact research, and to educate the Ray Andersons of the
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