The grand challenges of sustainability, climate change, social inequality, health and wellbeing, and corporate misconduct have revealed a critical need to transform business beyond the singular mindset of shareholder primacy. Coupled with this, a business must be proactive in establishing and maintaining its social license to operate as increasing risk and uncertainty has exposed a loss of trust in business. In response, this unit centres on co-creating a responsible business mindset with students based on an understanding that a business is deeply connected with the society and environment in which it operates. It is oriented towards examining the practices of business where organisational and personal considerations for ethical, sustainable, environmental and community objectives are embedded within, and not in conflict with, the desire to be profitable. An understanding of how a responsible business mindset can be shaped by the Sustainable Development Goals, ethical, Indigenous and other relevant frameworks is interwoven with consideration of the evolving legal and institutional structures for corporate governance and the role of business culture in the context of a broader set of stakeholders. Multi-disciplinary insights from the legal, workplace, marketing, accounting and finance perspectives provide context and texture, as students orient themselves with developing responses to practical market realities, drawing on theoretical understandings of a responsible business mindset. This unit integrates a responsible business mindset in all aspects of organisational planning, processes, reporting and decision-making, with the aim to develop future leaders who are not only mindful of the outcomes of responsible business actions, but can also bring critical reflection to such theories and practices.
|Academic unit||Business School|
|Unit name||Responsible Business Mindset|
|Semester 1, 2022|
|Attendance mode||Normal day|
|Available to study abroad and exchange students||
Teaching staff and contact details
|Coordinator||Anna Young-Ferris, email@example.com|