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A snapshot of the summary - Leadership, Sustainability and Governance
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Lit ch 1
This is a preview. There are 12 more flashcards available for chapter 05/06/2019
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What is the triple bottom line?The social, environmental and economic issues that affect future generations
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What are the 3 sectorial levels of action?1. Micro - individual
2. Meso - organisational
3. Macro - systematic -
What is the Friedman argument?Inhibitor of responsible management. States that the only responsibility of a company is profit.
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Lit. 1: The actors, drivers and topics of LSG
This is a preview. There are 9 more flashcards available for chapter 01/04/2020
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What is responsible leadership?The process of building stakeholder relationships that aid the fulfilment of shared visions and goals
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What are the 3 main subjects of responsible management?1. Sustainability - Systematic problems that threaten the well-being of current and future generations
2. Responsibility - Maintenance of relationships with stakeholders
3. Ethics - Moral dilemmas in corporate governance scenarios -
What are the 3 main sectorial actors in responsible management?1. Government
2. Businesses
3. Civil society -
What are the main characteristics of the sectorial actor "government"?1. Influence through law, public policies and infrastructure
2. Influence at nationwide and regional level
3. Slow decision-making capabilities (bureaucracy) -
What are the main characteristics of the sectorial actor "businesses"?1. Quick decision-making capabilities
2. Use globalisation as way to extend influence past national borders
3. Business decisions depend on profitability of each alternative -
What are the main characteristics of the sectorial actor "civil society"?1. Influence through voting, activism, consumption and choice of work
2. Decision-making effectiveness depends on cohesiveness of society's collective voice and professionalism levels in the workplace -
What are the 3 sectorial levels of action for the government?1. Micro - Public servant
2. Meso - governmental organisations
3. Macro - Political system
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The following topics are covered in this summary
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responsible, business, internal
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sustainability, countries, sustainable
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stakeholder, responsibility, business
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ethics, ethical, moral
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business, strategic, value
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social, value, system
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organisational, responsible, organisation
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supply, chain, responsible
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global, business, international
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accounting, reporting, performance
