Sustainable Development - Triple Bottom Line - Dominant Social Paradigm (DSP) - Economics Assignment Help

Assignment Task:

Question A1:

You must answer EITHER Question A1 OR Question A2.

You should write approximately 1000 words in total.

A1 (a) On 1 January 2016, the 17 Sustainable Development Goals adopted by world leaders officially came into operation. These built on the Millennium Development Goals. 

What is meant by the term ‘Sustainable Development’? Explain the key aim of the Sustainable Development Goals. [15 marks]

A1 (b) Describe any FOUR (4) Sustainable Development Goals. Drawing from the academic literature, identify, firstly, their relevance for sustainability and business and secondly, the main criticisms of these goals. [25 marks]

OR

Question A2 

Lise Kingo, CEO and Executive Director of the United Nations Global Compact, is quoted as saying: ‘The wheels of transformation are now turning and increasingly the private sector is embracing its role in creating a more sustainable, inclusive and prosperous planet.’

A2 (a) Consider this statement and explain why you agree or disagree with Lise Kingo’s assessment? [10 marks]

A2 (b) Explain, in broad terms, what the UN Global Compact asks business to embrace, support and enact through its ten principles. [10 marks]

A2 (c) What is meant by the term ‘triple bottom line’? In answering this question you must identify an industry you are familiar with and provide an overview of how it has focused on its triple bottom line, and evaluate its impact to date. [20 marks]

answer any THREE (3) of the following FOUR (4) questions. Each question is worth TWENTY (20) marks.

You should write approximately 500 words for each question.

Question B1 [20 marks]

Despite increasing recognition of the role of responsible management in today’s business environment, there are still many barriers, inhibitors and criticisms that must be overcome in order to make this meaningful. 

B1 (a) Describe two (2) common barriers, inhibitors or criticisms managers face when implementing a responsible management agenda within their organisation. In your answer, provide details about the underlying reasoning or issue that forms the basis of this barrier or criticism.

B1 (b) In relation to each example given in B1 (a) above, outline a key strategy or argument you would use to overcome this obstacle.

Question B2 [20 marks]

B2 (a) Explain how human capital and social capital are interlinked, yet also distinct from each other In your answer, provide examples.

B2 (b) Explain how a business based in your local area could enhance its human capital, and the probable benefits of this if it did so.

Question B3 [20 marks] 

Milton Friedman and Edward Freeman are two key theorists in the area of Corporate Social Responsibility (CSR). 

B3 (a) Discuss how their views are similar and different. 

B3 (b) In your opinion, which theoretical perspective is more appropriate in the current business environment? Explain your reasoning using at least ONE (1) example.

Question B4 [20 marks]

As individuals, our worldviews are shaped by our experiences, upbringing, relationships, education and culture. In considering environmental worldviews, two opposing paradigms have been put forward: the Dominant Social Paradigm (DSP) and the New Environmental Paradigm (NEP).

B4 (a) For the two paradigms of DSP and NEP, explain what is meant by nature having instrumental value versus intrinsic value.

B4 (b) Choose one of the components within the NEP and provide a justification as to why you think this particular aspect of the NEP is an important part of an environmental worldview. In your answer, outline how you currently (or how you could) integrate this NEP-based belief into your working life and/or your workplace.

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