Leading in the 21 st century- New paradigms for a globalizing world MGMT-E 152 Prof. Michael Pirson Class 4: October 8

Agenda  Housekeeping  Reflection on Readings  Social Sustainability  bracNet  Leadership Lessons  Next Class

Schedule Overview Schedule Overview:  1) September 17 - Overview of the course- Setting the stage PART I- System level challenges 2) September 24 -System level challenge: Environmental and social sustainability 3) October 1 - System level challenge: Environmental sustainability 4) October 8 - System level challenge: Social sustainability 5) October 15 - Meeting System level challenges: Distilling and Applying Frameworks PART II- Organizational Level 6) October 22 - Organizational level challenges- Decreasing Stakeholder trust 7) October 29 - Organizational level challenges: Employee engagement- managing commitment 8) November 5 - Meeting organizational level challenges: Distilling and applying management frameworks PART III- Individual Level 9) November 12 - Individual challenges: Managing the self 10) November 19 - Social Entrepreneurship- managing the self, the organization and society 11) December 3 - Discussing Life entrepreneurship- Leading a meaningful life, leading others with purpose Presentations  12) December 10, Presentations  13) December 17, Presentations

Housekeeping  Reflection Assignments  Analysis papers – System level challenges  What is a management framework? Management frameworks (environmental and social sustainability)  See frameworks provided by books   Own frameworks

Housekeeping  Analysis Paper Briefly introduce the analysis framework of your choice Examine the current performance of the organization Analyze the reasons for the current performance Prescribe ways to improve the current status And suggest ways to monitor progress over time. (5-8pp. 12pt Times New Roman, 1.5 spaced) Miscellaneous  Listserve  Newsblog:  Caveat: Case Material not for distribution!

Reflection on Readings  Groups of 3 Thinking about Leadership in the 21 st century, what lessons did you take away from the readings?

Social Sustainability Definition?

Social Sustainability Definition  Social sustainability is: a positive condition created by particular social institutions and policies. The following features define the condition:  equity of access to key services (including health, education, transport, housing and recreation)  equity between generations, meaning that future generations will not be disadvantaged by the activities of the current generation  equity within generations, so that all sections of the community have access to the services described  a system of cultural relations in which the positive aspects of disparate cultures are valued and protected, and in which cultural integration is supported and promoted when it is desired by individuals and groups  the widespread participation of citizens not only in electoral procedures but also in other areas of political activity, particularly at a local level. Cited from:

Social Sustainability Definition  There are two types or levels of resources in the community that are available to build social sustainability (and, indeed, economic and environmental sustainability) - individual or human capacity, and social or community capacity.  Individual or human capacity refers to the attributes and resources that individuals can contribute to their own well-being and to the well- being of the community as a whole. Such resources include education, skills, health, values and leadership.  Social or community capacity is defined as the relationships, networks and norms that facilitate collective action taken to improve upon quality of life and to ensure that such improvements are sustainable.  To be effective and sustainable, both these individual and community resources need to be developed and used within the context of four guiding principles - equity, social inclusion and interaction, security, and adaptability. Cited from:

Case: BracNet Video: Bangladesh context Overview of the Case How would you evaluate the current status of bracNet?

Case: bracNet What factors determine the success of the project? What challenges have to be overcome?

Case: bracNet Should Brummer step up yet again and invest in the second round?  Pro’s  Con’s  Recommendations/ Contingencies

Leadership What lessons for leadership can we draw? Leadership in the 21 st century

Next Class 5) Meeting System level challenges: Distilling and Applying Frameworks Readings: 1) Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems, Stuart L. Hart, Part III.Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult ProblemsStuart L. Hart 2)Profits with Principles- Seven Strategies for Delivering Value with Values, by Ira Jackson and Jane Nelson, skim remaining principles Ira JacksonJane Nelson 3)Alternatively. Read remaining pages in High Purpose company Assignment: Analysis Paper 1: (to be completed in teams of 2) (5-8pp.)  Outline and evaluate the strategy of an organization and examine how it addresses the environmental and the social sustainability crisis. Use one of the frameworks presented in the readings (e.g. Base of the pyramid, 7 principles) and  Examine the current performance of the organization  Analyze the reasons for the current performance  Prescribe ways to improve the current status  And suggest ways to monitor progress over time. Drop off on Course Website by Tuesday 7 pm