New-World Management
“Revolutionary systemic changes emerging from the co-evolution of economic, technological, social, cultural, and ecological changes” is the definition for which term?
What are transitions?
What is greenwashing?
Marketing or advertising that is deceptively used to persuade the public that an organization’s policies, aims, and products are environmentally friendly.
True or False
Management must focus on both being in service to society and the planet while being professional
True
How many sustainability goals are there?
18
Name one example of an unprofessional management practice.
Continuous company growth
Consumerist marketing
Low-cost production
Take-make-waste
Quarterly reporting
“Exploiting” resources
Shareholder-value-based management
High-level pay
Paying women less than men
Strategic Human Resources Management
Globalized supply chain management
Financial costs and values
Name a driver of new world management
Stakeholder wants (and needs)
The business case
Internet and transparency
Normalization and institutionalization
Name one inhibitor of professional management
Profit arguments
Tensions
Paradoxes
Greenwashing
Operational inhibitors
What are the three dimensions of professional development?
Ethics (moral dilemma)
Responsibility (stakeholders)
Sustainability (triple bottom line)
True or False
These goals focus on the social, environmental, and economic issues for only the business.
False
Being a great strategist, but the outcomes do harm to society or the planet, that is an example of what?
This is an example of unprofessional management practice
What typical new world management practice is this campaign by Patagonia an example of?
Demarketing
Unprofessional old-world management contributes to _____ problems
ignoring
In this image, where does change begin? Is this always an accurate description of the sequence of events?
Image 13
Management; No, that is ideal, but it could start at many points, could be consumers or politicians, etc
What is our current global footprint?
1.75 Earths
What are some unprofessional management practices that are leading toward a collapse of ecosystems and a species extinction crisis?
‘exploiting’ resources
Using this graph as a guide, give an example and explain a “well-intentioned unprofessional”
Image 16
Good intent - poor follow through
List three problems related to sustainability that we are currently having to tackle because of old-world management practices.
World water/ocean crisis
Global warming
Deforestation/soil loss
Overpopulation
Poverty/hunger
Ecosystem degradation
Biodiversity loss
Which of the three dimensions of professional management focuses on restoring value through triple bottom line optimization?
Social
Economic
Environmental value
List at least three planetary boundaries
Biosphere integrity
Climate change
Novel entities
Stratospheric ozone depletion
Atmospheric aerosol loading
Ocean acidification
Freshwater use
Biochemical fuels
Land-system change
Who said this quote at the UN Climate Action Summit? “People are suffering. People are dying. Entire ecosystems are collapsing. We are in the beginning of a mass extinction and all you can talk about is money and fairytales of eternal economic growth… How dare you!... How dare you pretend that this can just be solved with just business as usual?”
Greta Thunberg
What are three thoughts that are either neoclassic or neoliberal?
Humans are rational decision-makers
Humans are utility maximizers
Humans are egotistical and therefore competitive
Individual pursuit of wealth leads to social well-being
Private capital and unlimited wealth are necessary for capitalism to work and lead to wellbeing
There are no limits to economic growth and progress
Market exchange driven by the market equilibrium is the most efficient and effective
Laissez-faire
Neoclassical economics is a ‘value neutral’ ‘positive’ ‘science’ that describes and explains reality
Neoclassical economics is an all-embracing theory that adequately describes economic phenomena
Explain the Friedman argument.
Hint: we are shifting away from this
The ONLY managerial responsibility is to make profit
Explain a typical paradoxical situation related to professional management.
Ex. You are a store manager at a supermarket. What should we place by the register (where people impulsively buy)? High revenue products that are healthy for the customer? Or, Low-cost products that are unhealthy?
List three sustainability goals that deal with the environment
Responsible consumption and production
Affordable and clean energy
Climate action
Life below water
Life on land
Clean water and sanitation
List three unprofessional management practices
Continuous company growth
Consumerist marketing
Low-cost production
Take-make-waste
Quarterly reporting
‘Exploiting’ resources
Shareholder-value-based management
High-level pay
Paying women less than men
Strategic human resources management
Globalized supply chain management
Financial costs
Value