Read the summary and the most important questions on Leadership, Sustainability and Governance

• Lit ch 1

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• 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

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• 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