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Summary Leadership, Sustainability and Governance

- Leadership, Sustainability and Governance
- -
- 2019 - 2020
- Erasmus Universiteit Rotterdam (Erasmus Universiteit Rotterdam, Rotterdam)
- International Business Administration
280 Flashcards & Notes
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A snapshot of the summary - Leadership, Sustainability and Governance

  • Lit ch 1

  • What is the triple bottom line?
    The social, environmental and economic issues that affect future generations
  • 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.
  • Lit. 1: The actors, drivers and topics of LSG

  • What is responsible leadership?
    The process of building stakeholder relationships that aid the fulfilment of shared visions and goals
  • 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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