MAN 608: Business, Society, and the Environment

We are the wealthiest and healthiest generation in the history of the planet. Unfortunately, we could also be the last generation that enjoys this level of health and wealth. Capitalism is in many ways responsible for much of our wealth and longevity, but it also underlines the ecological crisis that we are experiencing.
While many may regard environmental sustainability as aimed at conservation of nature, it is in reality paramount for the survival of humanity as a species, and ultimately too for the survival of business.
How should business react to the impeding ecological crisis that we face? What does sustainable and regenerative businesses look like? What role does business play in shaping an eco-friendlier future. This module investigates what people and businesses can do to co-create a better world.

Learning outcomes
Upon successful completion of this course, students

  • …are able to describe the impact of business on the environment;
  • …understand the role of policy in governing human and business behaviours;
  • …describe, contrast and recommend different policy instruments for specific environmental issues;
  • …contrast the exposure of different industries to environmental impacts, and vice versa (contrast the impact of different industries on the ecological environment);
  • …contrast, apply and recommend sustainability strategies based on the profile of a case company or industry.

Necessary prerequisites

Recommended prerequisites

Forms of teaching and learningContact hoursIndependent study time
Lecture with integrated exercise3 SWS8 SWS
ECTS credits4
Graded yes
Form of assessmentFinal written test (35%)
Class based assessments (30%)
Group assignment (35%)
Restricted admissionyes
Further informationStudent Portal
Please feel free to contact Ms. Christina Paul with any questions about the course:
Performing lecturer
Prof. Dr. Karin Hoisl
Prof. Jako Volschenk
Frequency of offeringSpring semester
Duration of module 1 semester
Range of applicationM.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., M.Sc. Bus. Math., MAKUWI
Preliminary course work
Program-specific Competency GoalsCG 1, CG 2, CG 3
LiteratureSome of the readings that you may find of value for this project include the following.
  • Bansal, P., & Clelland, I. (2004). Talking trash: Legitimacy, impression management, and unsystematic risk in the context of the natural environment. Academy of Management Journal, 47(1), 93–103.
  • Hart, S.L. and Milstein, M.B. 2003. Creating sustainable value. Academy of Management Executive, 17(2)
  • Orsato, R. 2006. Competitive Environmental Strategies: When does it pay to be green? California Management Review, 48(2), 127–143.
  • Porter, M. E., & Kramer, M. R. 2011. Creating shared value. Harvard Business Review, 9(1/2), 62–77
  • Volschenk, J. 2018. The value-implications of coopetition. In Fernandez, A-S., Chiambaretto, P., Czakon, W. & Le Roy, F. (Eds). 2018. The Routledge companion to coopetition strategy. London: Routledge