Organisations impact, and are impacted by, the societies in which they operate. That is, they are part of a broader social system. Society generally, and different groups of stakeholders specifically, expect an organisation to accept various responsibilities with respect to how it interacts with, and how it is accountable to, different stakeholders. Failure to comply with particular stakeholders’ expectations can have implications for the survival of an organisation. Employer groups, professional accounting bodies and course advisory committees have consistently highlighted the need for business students to be critical thinkers; be able to demonstrate skills that extend beyond technical competencies; and to be able to demonstrate an understanding that organisations are part of a broader social system on which they rely for organisational survival. This unit responds to this expectation, as it: Focusses on graduate self-awareness and applied technical and professional ‘soft’ skills in the following key areas:
• Provides insight into identifying stakeholders and their expectations
• Emphasises the relevance of sustainability to organisational success
• Provides a background to enable the determination of relevant frameworks to apply in order to improve an organisation’s social and environmental performance
• Provides insights into applying an accountability model to guide organisational reporting decisions