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Lit. 1: The actors, drivers and topics of LSG

4 important questions on Lit. 1: The actors, drivers and topics of LSG

What are the 3 sectorial levels of action for civil society?

1. Micro - Citizen
2. Meso - Civil society organisations
3. Macro - Social system

What are the 4 forms of business-related organisations based on:
1. Organisational mission (egoistic vs philanthropic)
2. Value created (external vs internal)

1. Irresponsible business - purely egoistic and complete internal value creation
2. Responsible business - slightly egoistic and mostly internal value creation
3. Social entrepreneur - strongly philanthropic and mostly external value creation
4. Business foundation - purely philanthropic and complete external value creation

What are the 5 megatrends that make responsible corporate practices a necessity?

1. Focus on stakeholder wants and needs
2. Opening to new markets and enjoying benefits of responsible business conduct (=business case)
3. Gradual convergence of systemic environmental and economic issues
4. Rise of globalisation and use of internet and call for more transparency
5. Institutionalisation of responsible management

What are the 5 main barriers of responsible management?

1. Friedman argument - only responsibility of business is profit
2. Ongoing economic crises
3. Greenwashing
4. Argument that sustainability is only applicable to large corporations, developed nations and end-consumer businesses
5. Operational inhibitors and other internal issues related to responsible management implementation

The question on the page originate from the summary of the following study material:

Leadership, Sustainability and Governance

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