Societies confront with various challenges and issues with high implications for organizational leaders that includes poverty and income inequality, obesity and pubic health, corruption and regulatory capture, and pollution and climate change. This note provides a framework to analyze the ethical, legal, and economical implications of such issues for organizational leaders, in their abilities as corporate trustees and citizens. It also presents a binding framework by developing key challenges of current societies into four “tragedies of the commons” and by introducing the idea of a “capitalist’s contract” that could be helpful for students to enhance their learning about these challenges.
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