Disaster risk management in business education entrepreneurial formation for corporate sustainability

Abstract

The purpose of this paper is to show the importance of business education in Disaster Risk Management (DRM). This paper aims to evaluate the awareness level of the Master in Business Administration’s (MBA) students regarding the importance disaster risk management (DRM) plays. This paper develops a literature review concerning the concept of disasters, Disaster Risk Management, Disaster Risk Reduction, and the role of MBA programs. Furthermore, a survey at Universidad EAFIT (Medellin, Colombia) was designed and implemented as primary source information with the purpose of showing the DRM awareness level of MBA’s students. Finally, a case study connecting DRM with entrepreneurship formation is described.This paper identified a limited formal education in DRM Latin American MBA programs, and specifically at Universidad EAFIT. Additionally, a lack of awareness in MBA’s students about the importance of DRM was identified. In this sense, the paper proposes a DRM education model that uses a Corporate Social Responsibility (CSR) and entrepreneurial formation in business education. This study aims to show the importance of the inclusion of disaster risk reduction and management knowledge as part of the courses in: Corporate Social Responsibility (CSR), Sustainability, and Entrepreneurship content in Masters in Business Administration (MBA) programs.