44 min read
Jan 2024

Oxford Economics of Mutuality Executive Education



The Economics of Mutuality: Leading for Mutual Value Creation

Helping you build teams and organizations that solve the problems of people and planet profitably

2022 Economics of Mutuality Executive Education Live Virtual Program
with Oxford University’s Saïd Business School

• October 27th — December 13th 2022
• 8 teaching weeks, 10 sessions (2.5hrs each) spread to fit with commitments
• Join from any location through live virtual sessions
• Benefit from small tutor groups that support peer-learning and debate
• Receive accreditation from Oxford University’s Saïd Business School
• Become certified as an Economics of Mutuality Expert
• Join an online community of 180+ program alumni
• Fees: GBP £7,000 (discount available for groups from the same organization)

Applications for this year’s program have now closed, but if you would like to register your interest in next year’s course, click the button below.



You will have heard many times in recent years CEOs at Davos or UN Summits proclaiming the need for a fairer, more responsible form of capitalism, a ‘stakeholder’ capitalism that has in view the importance of communities and the environment as well as company shareholders.

The sad irony and reality is that the very movement initiated to rebuild trust between society and business and finance is now showing evidence of further eroding the integrity of those leaders and organizations who insist on talking but not doing.

This course is about equipping you to develop practical strategies to respond to the business and moral imperative that demands today’s organizations solve the problems of people and planet rather than profit from creating them.

Discover how the Economics of Mutuality, a groundbreaking management and investment innovation based on 15 years of in-depth research and practice pioneered by Mars Inc. and Saïd Business School, can drive mutual value creation to help you and your organisation walk the talk of purpose and Stakeholder Capitalism.


The program helps leaders to innovate, to elevate their knowledge, and to ignite their ‘why’. It gives them a science-based framework.

Tamer Kadry
Vice President & CFO of Global Emerging Markets at Mars Wrigley


What You Can Expect

You will go through a unique learning experience with world-class professors, expert practitioners and thought leaders, and like-purposed peers. You will gain:

  • A deeper understanding of the mechanisms by which businesses create/destroy value

  • An innovative approach to achieving business sustainability, resilience, and growth

  • The opportunity to explore and accelerate your individual purpose journey

  • Practical tools, models, and case studies

  • Creative insights and experiences to activate leadership in the business purpose and ESG space

  • A supportive network of peers and experts

Until 2020, the program was delivered only to select partners, but since then, we have made it available to all organizations across sectors and geographies.


Attending the course has changed the way I lead because I’m more confident and aware that it’s possible to find solutions and measurement for some of the issues that we thought were softer.

Rahul Malhotra
Head of Group Brand Strategy & Stewardship at Shell


Click to watch recent graduates sharing what they gained from the course

Who Should Attend?

You are deeply convicted of the need to transform our businesses so that they are leading the charge in addressing the most significant challenges of our time. You have the platform within your organisation to drive this transformation, but seek the language, tools, case studies, and community to make significant progress. You may be a:

  • Senior Executive in charge of corporate transformation

  • Functional leader (Finance, Strategy, Innovation/Business Dev, Transformation, Marketing)

  • Business Unit leader

  • Investor

  • Board member

Our goal is to support your drive for transformation. We have seen over the years that it can be easier to effect change when a cohort of 3-4 individuals from the same organization attend the program together. A significant discount is available to enable and encourage this.


The program has helped me to speak out more openly within my company and at outside events, but most importantly, it has equipped me with the tools I need and can use to start initiating projects.

Akira Mitsumasu
Vice President of Global Marketing at Japan Airlines


Companies that past participants have worked for:

Program Outline

The program will combine synchronous and asynchronous learning to deliver thoughtful teaching and insights on the following topics.

  • The role and importance of corporate purpose and value creation

  • Purpose-led systems thinking for designing innovative value creation strategies

  • Measuring and managing non-financial forms of capital (social, human and natural capital)

  • Developing your adaptive leadership capabilities

  • How to use the P&L to enable impact, not block it

Program Principles

The topics will be structured around 4 key design principles intended to enrich the learning experience and encourage participants to take practical steps in their business context.


Space for sensemaking

Mature learning is not about gaining additional knowledge from lectures and textbooks. Foremost, it is about learning how to apply knowledge, know-how, and wisdom to complex situations. Through small tutor group sessions, an Oxford tradition, the program will create space for reflection and sensemaking so that content does not land purely as information, but as an opportunity to develop your leadership practice in conversation with others.

Encouraging experimentation

Each week will provide an opportunity to apply your learning in the real world – to take back the thinking and ideas of the course and experiment back in your business. Innovation and change begins with small micro-experiments that test what might work without going too big, too soon. The program will encourage you to open a dialogue between theory and practice, between classroom and business — and will support you in bridging between both sides.


Bringing in the voice of peers

Each module will be dynamic and participatory, creating a platform not only for you to hear from academic and business experts, but also from each other. There is always a wealth of intelligence, experience, and wisdom within the participant cohort and it is a priority of the program to make sure everyone benefits from that. Sessions will therefore include extended discussion breakouts and plenty of time for Q&A.

Engaging high quality experts

There is no shortage of information in today’s world — or of different individuals offering their own viewpoint. The challenge is knowing what and who to trust. Our program brings together top tier professors from Oxford and other universities whose ideas are built on truly word-class research, as well as business leaders speaking candidly from their own experience of leading large teams and companies over many years.


Faculty Leaders

Indicative list based on speakers from the 2021 program:



Jan-Emmanuel De Neve
Associate Professor of Economics and Strategy, Saïd Business School.


Heather Hamill
Associate Professor in Sociology and Dean of St Cross College, University of Oxford.

Colin Mayer CBE
Peter Moores Professor of Management Studies, Saïd Business School.


Anette Mikes
Associate Professor of Accounting, Saïd Business School.


Loic Moutault
President of Mars, Incorporated, Global Petcare Division.


Paul Polman
Co-Founder, IMAGINE; Former CEO at Unilever; Chair of the Board, Saïd Business School.


Bruno Roche
Founder, Economics of Mutuality; Former Chief Economist, Mars, Inc.


Nathalie Seddon
Professor of Biodiversity, Director of the Nature-based Solutions Initiative, University of Oxford.

Nadia Terfous
Managing Director, EoM Solutions; Former Partner at McKinsey & Company.


Interested in Joining Us?

Applications for this year’s programme have now closed, but if you would like to register your interest in next year’s course, click the button below. Terms and Conditions apply.