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Responsible business strategy and corporate leadership

Responsible business strategy and corporate leadership

Coulson-Thomas, Colin (2021) Responsible business strategy and corporate leadership. Effective Executive, 24 (3). pp. 14-38. ISSN 0972-5172 (Print), 0972-5172 (Online)

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Abstract

Mankind might be better placed to address shared and inter-related existential challenges and associated opportunities if more boards ensured corporate purpose and the formulation and execution of strategy were responsible and aligned. Some business leaders find it difficult to effectively respond to rapidly changing situations and circumstances. Doing so responsibly with current governance and organisational arrangements and practices poses questions for directors, boards and the capitalist system. The intractable nature of certain issues has implications for setting strategic direction and assessing firm performance. Intelligent steering rather than traditional planning and a broader and more strategic approach to CSR may be required. Many business leaders need to regain trust, engage with a wider range of interests and transition to more responsible enterprise, capitalism and leadership. Repurposing to address shared social and environmental challenges and pursue sustainable development goals may help to achieve this.

Item Type: Article
Additional Information: Effective Executive is a quarterly peer reviewed journal of IUP (ISSN 0972-5172)
Uncontrolled Keywords: strategy, business strategy, corporate strategy, responsible business, leadership, corporate leadership, responsible leadership, Strategic planning, Planning, Intelligent steering, Responsible business, capitalism, responsible capitalism, CSR, corporate social responsibility, sustainability, sustainable development goals (SDGs), directors, boards, climate change, COP 26, environment, natural capital, environmental governance, corporate purpose, foresight, flexibility, resilience, shared objectives, stakeholder engagement, image and corporate reputation, corporate governance, assessing corporate performance, reporting considerations, CSR project management, balancing business and societal growth, Innovation, green growth, market solutions, stakeholder involvement, collaborative responses
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Faculty / School / Research Centre / 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)
Related URLs:
Last Modified: 30 Sep 2021 10:42
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/33995

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