Business leaders, for a long time, have been judging the difficult balance between financial objectives and the impacts of their activities on society and the environment. This balance is increasingly important, as shown for example by the rise in “ESG” (Environmental, Social, Governance) investing, i.e. where investors are increasingly considering these non-financial factors in their investment decisions.
This challenge is also known as…
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“The global exercise of ethical, values-based leadership in the pursuit of economic and societal progress and sustainable development, and the art of motivating, communicating, empowering, and convincing people to engage with a new vision of sustainable development and the necessary change that this implies.” (The United Nations Global Compact and European Foundation for Management Development)
“The management of a corporation’s interactions with society aimed at addressing the corporation’s various stakeholder concerns and contributing to the multiple bottom lines of economic, social, and environmental performance. The leader is thereby the one who enables and moderates interactions with the various stakeholders of the company.” Manage magazine
Prendo’s customers face many challenging questions when leading responsibly & sustainably:
At Prendo, we believe that the complex skills and deep understanding that are needed for leading responsibly & sustainably are best developed with advanced simulations that provide accelerated experiential learning and the opportunity to explore the underlying cause and effect models.Talk to us to understand if our simulations can address your specific challenges
To address the challenge of leading responsibly & sustainably, leaders need a combination of skills (know-how) and understanding (know-that), in the same way that the driving test combines the practical and the theory: