Master the triple bottom line.
Reflecting The University of Scranton’s Jesuit traditions, this cornerstone course revolves around one of the most significant business concepts of the 21st century – sustainable development. Drawing heavily on Andrew Savitz’s book The Triple Bottom Line: How Today’s Best-Run Companies Are Achieving Economic, Social, and Environmental Success – and How You Can Too, this course explores the relationship between sustainable development, business, and all affected stakeholders.
The triple bottom line refers to sustainable development as it relates to social, fiscal, and environmental issues. You’ll come to understand this relationship, as well as the link between sustainable development and the financial success of global corporations such as General Electric, Nokia, and Adidas.
The global movement toward sustainable development was not an organized effort, but rather a mass realization of the issues we all face. As this movement has grown, organization and corporate leaders are increasingly responsible for addressing and pre-empting issues that can inhibit sustainable business practices.
You’ll discuss global companies that have taken the sustainable developmentinitiative on their own, and look at organizations that have been led into more responsible business practices out of necessity or controversy.
Where does this course fit in your Flex curriculum?
MGT 501 is a cornerstone course and is required of all MBA candidates.
Of course, at the heart of any organization’s push toward sustainable development is its core values and how leadership reflects those values. You’ll see how changing the culture of an organization can be a difficult but necessary process. You’ll also gain a thorough understanding of Fr. William J. Byron’s list of ethical principles and how they can affect decision making.
- Human Dignity
- Social Responsibility
- Common Good
You’ll learn how to quantify the extended benefits of sustainable development while you gain the persuasive ammunition to convince a CEO to adopt practices that can help resolve challenges balancing the triple bottom line. Once you can build a basic business case for sustainable development, you’ll also be able to weigh long- and short-term planning choices.
Working as a team, you and your fellow students will create a PowerPoint presentation identifying a social or environmental issue within an existing company and detailing how the organization dealt with the issue.
Putting an organization on the path to sustainable development calls for both intentional decision-making and sustainable strategic management. You’ll gain knowledge of these skills. To better manage the relationship between the business organization and stakeholders, you’ll learn to employ stakeholder theory by focusing on stakeholder identity, the value of stakeholders, stakeholder fairness, and stakeholder management.
Sample Course Topics
- Social Justice and Ethical Behavior
- The Business Case for Sustainable Development
- Strategic Management for Sustainable Development
- Sustainable Strategic Decision Making
- Stakeholder Theory
- Implementing, Evaluating and Institutionalizing Sustainable Strategic Management
Learn this and more in MGT 501.
What You’ll Learn
At the end of this course, you’ll have a thorough understanding of the triple bottom line and how sustainable development will drive business in the future.
- Describe the ethical, social, and environmental responsibility faced by contemporary managers.
- Analyze corporate abuses and best practices related to ethics and social and environmental responsibility.
- Apply the principles underlying business ethics to decision scenarios.
- Make business decisions that are ethically, socially, and environmentally responsible.
- Gauge the social, environmental, and financial impact of those decisions.
This foundation in sustainable development is a springboard for your career. For more information about The University of Scranton’s online Master of Business Administration degree, request more information or call us today toll-free at (866) 373-9547.
The content presented on this page is representative information for example purposes and is subject to change as course and student needs change over time.