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Economic slowdown: A business and social opportunity for responsible leaders

Economic slowdown: A business and social opportunity for responsible leaders

Coulson-Thomas, Colin (2020) Economic slowdown: A business and social opportunity for responsible leaders. Effective Executive, XXXIII (1). pp. 7-25. ISSN 0972-5172

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Abstract

An economic slowdown can have positive as well as negative consequences, especially in relation to the environment, biodiversity and global warming. It creates opportunities as well as problems. The responses of boards and companies can vary. Some can be more socially and environmentally responsible than others. Boards can review corporate purpose, priorities and direction, initiate and/or accelerate transition to more sustainable operations, activities, offerings and business models, and take steps to ensure people are helped and enabled to undertake transition and transformation journeys. There are relatively quick and affordable ways of providing support that can benefit people, organisations and the environment.

Item Type: Article
Uncontrolled Keywords: Leadership, Transformational Leadership, Corporate Leadership, Corporate transformation, corporate purpose, Business excellence, excellence, innovation, social purpose, CSR, corporate social responsibility, sustainability, bio-diversity, climate change, environment, economic growth, economic slowdown, economic recession, responsible leadership, re-purposing, re-prioritising, transition, directors, boards, boards of directors, ESG, Environment, social and governance investment, global warming, business models, digital technologies, innovation priorities, business priorities, direction, corporate direction, business strategy, sustainable development
Subjects: H Social Sciences > HB Economic Theory
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 Mar 2020 11:12
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
Selected for REF2021: None
URI: http://gala.gre.ac.uk/id/eprint/27354

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