week 4 - Lecture 4 Creating sustainable organisations...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Lecture 4 – Creating sustainable organisations Semester 1 2010 MGMT1001 s1 2010 Overview ± Why sustainable organisations? ± Assumptions and mental frameworks ± Understanding stakeholders Ethical thinking and decision making Semester 1 2010 ± ± Ethical frameworks ± Lecture feedback Weeks 1 - 4 The ethical imperative of early 21st century ± Problems are the result of a ‘few rotten apples’? Or the result of something ‘deeper’ ± The ‘culture of greed’ and self-interest? ± Misalignment of executive incentives and Semester 1 2010 Misalignment of executive incentives and shareholder expectations? ± Legal structures? ± Political structures and processes?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Global Business Environment ± Global economic integration ± Increased economic & political power of corporations ± Protests and counter movements Semester 1 2010 ± Changes to the world of work ± Technological changes Comparison of World’s Largest Corporations’ Revenues to Countries’ GDP Ferrell et al 2005 Country/ Company GDP/ Revenue ($Billion) USA 10,820 China 5560 Japan 3450 Australia 466 Thailand 410 Sweden 228 Wal-Mart 220 Semester 1 2010 India 2660 France 1540 UK 1470 Italy 1402 Canada 875 South Korea 865 Indonesia 687 Malaysia 200 Exxon-Mobil 192 Portugal 182 General Motors 177 Algeria 177 BP 174 Ford Motor 162 Changing public perceptions of business practice ± Media focus on ethics and corporate behaviour ± Growth in consumer and shareholder activism ± Increase in litigation related to corporate social and environmental behaviou Semester 1 2010 and environmental behaviour
Background image of page 2
3 Why sustainability? The central question to be answered in this century is whether the current model of the corporation needs to be modified to contribute to the continuing health of the planet, the survival of humans and other species, the development of a just and Semester 1 2010 other species, the development of a just and humane society, and the creation of work that brings dignity and self-fulfilment to those undertaking it. Dunphy D, Griffiths A & Benn S, 2003, Organizational Change for Corporate Sustainability, Routledge p.3 Sustainability model Source: Wilson M, 2003, ‘Corporate sustainability: What is it and where does it come from?’, Ivey Business Journal Online, March/April, pp. 1-5 Economics Ecology Social Justice Sustainable development Corporate Socia Common societal goal y Semester 1 2010 Moral philosophy Strategic management Business Law Corporate Social Responsibility Stakeholder Theory Corporate Accountability Theory Ethical arguments Business arguments Reporting Corporate sustainabili t Frames or metaphors of thinking ± “it’s a jungle out there” ± “the brutal battles of business” – “it’s a war out there” ± “the great machine of capitalism” Semester 1 2010 the great machine of capitalism ± “the game of business”
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Defining ethics ± Ethics can be defined as “what is good or right for human beings” (Hoffman and Frederick, 1995, p1) ± Ethics is a normative undertaking - aims to Semester 1 2010 discover “ what ought to be ”, rather than simply what is
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/25/2011 for the course MGMT 1001 taught by Professor Danielellason during the Three '09 term at University of New South Wales.

Page1 / 11

week 4 - Lecture 4 Creating sustainable organisations...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online