MN50705: Responsible business
[Page last updated: 23 August 2022]
| Academic Year: | 2022/23 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Learning Outcomes: | By the end of this unit, participants are expected to be able to:
* Demonstrate awareness of the types of ethical ethics and sustainability issues faced by managers and why they are important * Apply an enhanced understanding of what individual managers can, should or should not do when confronted with ethical dilemmas such challenges. * Interpret the potential risks and opportunities emerging from critical ethics and sustainability trends in the business environment * Critically evaluate new business models for sustainability responsible business * Articulate a vision for sustainability responsible business leadership within and beyond their organisation and sector |
| Aims: | Business has been the source of tremendous economic growth, creating opportunities for many across the world to live better, healthier, and more prosperous lives. However ethics and sustainability challenges, including climate change, pollution, water scarcity, poverty, equality, and human rights pose significant threats to our prosperity and to the ability of business to flourish. Smart businesses have recognized the need to understand and respond to these risks, but also to seek out new opportunities in the changing markets of the future. This unit enables participants to think about these risks and opportunities in terms of responsible business strategy. It is designed to help executives become 'future fit' and adept at making their organizations resilient through the development, implementation, and adaptation of strategy to simultaneously create environmental, social, and economic value. |
| Skills: | Knowledge and understanding
* An appreciation of the fundamental frameworks necessary to understand internal and external organisational contexts as well as theoretical foundations underpinning the links between business and society; * An understanding of the economy as an evolving complex adaptive system of distributed information and knowledge. Skills * appreciation of the interconnected nature of organisations and ability to apply both theoretical and practical understanding; * operate effectively within teams as well as independently, assuming leadership roles where appropriate; * apply practical decision-making methods and tools at both tactical and strategic levels; * be self-directed and able to act autonomously in planning and implementing projects at professional levels; * an ability to reflect on their earlier learning and practice, so as to integrate new knowledge with past experience and effectively apply it to new situations; * an ability to develop a holistic perspective on an organisation and an understanding of how the different functions relate to one another. |
| Content: | * Ethical judgements of business conduct * Ethics and sustainability risks and opportunities facing business * Stakeholders, reputation and corporate responsibilities * Responsible business strategy and risk management * Development and implementation of responsible business strategy * Measuring performance and reporting on responsible business corporate responsibilities * Reporting on corporate responsibilities * New business models for responsible business. |
| Programme availability: |
MN50705 is Compulsory on the following programmes:School of Management
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Notes:
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