The Financial Crisis and the Sustainability Crisis Have a Common Cause

How are the financial crisis and the sustainability crisis connected?

They are both fueled by large numbers of business people simultaneously using a narrow, short-term view of their responsibilities.

A short-term view is thinking that is narrowly focused on accomplishing short-range internal company goals and fails to consider the impact of business choices beyond the company’s walls and beyond the current financial reporting period.

Using such a narrow definition of corporate responsibility leads businesses to make unethical decisions. Read more about the implications of business leaders using short-term thinking in these articles:

“Sustainable Investing and the Next Economy” by Joseph F. Keefe, Speech to the Boston Economic Club, Federal Reserve Bank of Boston

“Short Term Thinking Shorts us All” by Jeffrey Hollender

“Short-Term Thinking Linked to Compensation Problems” by Justin Lahart, WSJ Blogs

 

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For more, see Linda’s book 7 Lenses and the 21 Question Assessment: How Current is My Message About Ethics?
 
  7 Lenses is a Bronze Axiom Business Book Award Winner in Business Ethics41cEVx-Tu4L._SY344_BO1,204,203,200_
  2014 Axiom Business Book Award Winner 
  About 7 Lenses
 
 
Info@LeadinginContext.com  @leadingincontxt  @7Lenses

© 2010 Leading in Context LLC 

About Linda Fisher Thornton
Linda Fisher Thornton is Founder and CEO of Leading in Context, and author of the award-winning book 7 Lenses. She teaches as Adjunct Assoc. Prof. for University of Richmond SPCS. She is leading a movement to help leaders and organizations Unleash the Positive Power of Ethical Leadership.

One Response to The Financial Crisis and the Sustainability Crisis Have a Common Cause

  1. Pingback: Business Ethics Blogs Roundup 8/15/2010 « Pilant's Business Ethics Blog

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