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Balancing economic, political and social factors in decision making

Balancing economic, political and social factors in decision making

Coulson-Thomas, Colin (2019) Balancing economic, political and social factors in decision making. Politieconomy (The International Research Journal of Political Economy), 5 (1 & 2). pp. 1-18. ISSN 2348-3091

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Abstract

Complex and inter-related challenges and related opportunities that impact upon multiple stakeholders present particular problems for decision makers who have to balance economic, political, social, technical and other factors. Public and stakeholder concern over the environment and climate change and its impacts add to the pressure upon them. They raise a variety of questions that corporate and public decision makers should address, including the adequacy of leadership and governance, contribution to the UN’s Sustainable Development Goals, the alignment of business and social priorities, objectives and desired outcomes and the nature, scale and timing of required responses. More attention should be given to the requirements for effective collective action, coordination and collaboration, and the creativity, innovation and entrepreneurship and responsible leadership needed for integrated, sustainable and inclusive local, national and international responses.

Item Type: Article
Uncontrolled Keywords: decision making, public sector decision making, private sector decision making, corporate decision making, leadership, responsible leadership, corporate leadership, boards of directors, environment, sustainability, climate change, stakeholders, stakeholder management, sustainable development, sustainable development goals, inclusive development, collective action, coordination, collaboration, public-private collaboration, creativity, innovation, entrepreneurship, problems and opportunities, costs and benefits, balancing different factors, responsible decision making
Subjects: H Social Sciences > H Social Sciences (General)
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Centre for Work and Employment Research (CREW)
Faculty of Business > Centre for Work and Employment Research (CREW) > Leadership & Organisational Behaviour Research Group (LOB)
Faculty of Business > Department of Human Resources & Organisational Behaviour
Related URLs:
Last Modified: 16 Jan 2020 11:05
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/26680

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