MESM Specialization: CEM

Faculty Advisors:Matt Potoski (MESM 2017) and Gary Libecap (MESM 2018)

Specialization Description

Corporate Environmental Management (CEM) grounds students in how private-sector firms may address environmental and natural resource issues in a manner that also promotes shareholder value, thus creating Students giving a presentation the important link between the quality of environmental and natural resources and a firm’s overall market objectives. Students learn how new capabilities can be developed that enhance sound competitive strategy and incorporate environmental and resource objectives while responding to new market opportunities, social demands, and regulatory pressures. They learn to identify, evaluate, measure, and present sources of competitive advantage that have beneficial environmental, resource, and financial consequences. They also examine how and when private market solutions to environmental and resource problems are advantageous; the property rights and other institutions necessary for these market outcomes to occur; and the interaction required among stakeholders ranging from management and employees to politicians and NGOs. Students learn organizational structure and behavior, examine why some regulatory systems perform better than others, and explore the range of policy instruments available to guide corporations’ actions. These skills are gained through a combination of core classes for the MESM, elective classes for the CEM specialization, and the Group Project.

Course Work

MESM students are required to take a minimum of 36 units of electives in their primary specialization. Students who pursue two specializations must meet the 36-unit requirement for each specialization. Some electives may count toward more than one specialization. Most courses associated with this specialization are offered every year. If the course is marked with an asterisk (*), it will be offered every other year.

CEM students will take the following three key courses:

ESM 245:

Cost Benefit Analysis (4 units)

ESM 273: Life Cycle Assessment (4 units)

ESM 281:

Corporate Environmental Management (4 units)

CEM students should take at least one course in each of the following three categories:

Category 1: Business Skills

ESM 242: Natural Resource Economics and Policy (4 units)
ESM 249 Environmental Persuasion (2 units)
ESM 279 Financial Management and Environmental Accounting (4 units)

ESM 280:

Organizations and Environmental Leadership (4 units)
ESM 283: Environmental Negotiation (4 units)
ESM 285: Environmental Markets (4 units)
ECON 234A: Introduction to Finance (4 units)
ECON 237: Financial Management (4 units)
ECON 273A: Managerial Accounting (4 units)
TMP 240: Business Strategy and Leadership Skills (4 units)
TMP 250: Managing Operations (3 units)

Category 2: Entrepreneurship

*ESM 256A: Introduction to Entrepreneurship (2 units)

*ESM 256B:

New Venture Opportunity Analysis (4 units)
*ESM 402A: New Venture Formation (4 units)
**TMP 240: Business Strategy and Leadership Skills (4 units)
**TMP 241: Managing for Innovation (4 units)
**TMP 244: Entrepreneurial Marketing (3 units)
**TMP 246: New Venture Finance (3 units)

Category 3: Life Cycle Assessment and Energy Innovation

ESM 271: Carbon Footprint and Carbon Accounting (2 units)

ESM 282:

Pollution Prevention (4 units)
ESM 272: Energy and Resource Productivity (4 units)
ESM 288: Energy, Technology, and the Environment (4 units)

*Course requirement for the Eco-Entrepreneurship focus at the Bren School.
**Elective course option for the Eco-Entrepreneurship focus at the Bren School and required course for the Graduate Program in Management Practice (GPMP) certificate offered by the Technology Management Program (TMP). Students receiving the GPMP certificate may not apply courses from the certificate towards their MESM degree requirements.

Other Relevant Bren Electives

ESM 244: Advanced Data Analysis (4 Units)
ESM 262: Computing for Environmental Science & Management

ESM 269:

Survey Design & Public Opinion (2 Units)
ESM 296: Adv. Topics in Environmental Management: Econometrics