What is it about the history and practices of business that have given rise to wider societal concerns regarding its impact on the sustainability of our world? Focussing upon three major developments – i) industrialisation, ii) neoliberalism, and iii) globalisation – this week you will examine the root of concerns with business impact on areas such as environmental pollution, inequality, and the quality of working lives. Understanding some of this wider critical context is an essential foundation if businesses and business leaders are to retain or gain the trust of the community, consumers, regulators, and employees.

Given the complexities of the relationship between business and sustainability, what are the key sustainable strategies that businesses can employ? You will be introduced to three such strategies this week, organised around: i) business ethics, ii) corporate social responsibility (CSR) and corporate philanthropy, and iii) natural or green capitalism. Through an examination of contemporary business practices, you will see that strategies in the above areas may still signal a variety of value positions by businesses, including those proactively committed to, reactive to, and resistant of sustainability.

Why is it that some business leaders may knowingly engage in strategies that are unsustainable? Is there something particular to formal organisational structures that make them spaces where being ethical can seem the hardest thing to do? This week we consider important social scientific research that examines the dynamics by which such things as organisational hierarchy, too close an identification with work roles, a focus on procedures and instrumental outcomes, even relations of authority, can dramatically inhibit or subvert our sense of ethical responsibility in organisations.

Much of the strategy field concentrates upon the strategies of large, profit maximising, corporations. Some of the most interesting and innovating strategies however may emerge across different types of organisation and context. This week you will examine some of these – concentrating upon the areas of social entrepreneurship, micro-finance, public-private partnerships, and examples of smaller businesses embedding sustainability in their local communities. There is considerable promise with some of the above strategies and practices, but as we shall examine, even here we still need to be attentive to tensions and open to critique in terms of how sustainability is achieved.

How can you transfer knowledge about sustainable strategies into effective practices in the business domain? This week directs you to resources that you can draw upon to seek to develop more sustainable strategy in your own current and future organisational roles. Organised around industry, firm, and individual levels, these lessons considers international best practice on corporate governance systems, global business sustainability compacts, guidance on responsible supply chain practices, and research on raising ethical issues in a business setting.