BUSS1000 Lecture Notes - Lecture 6: Creating Shared Value, Creative Destruction, Organizational Culture

• School: University of Sydney
• Department: Business Studies
• Course: BUSS1000
• Professor: All

Document Summary

Wicked problems: what are wicked problems? (examples) The term wicked" in this context is used, not in the sense of evil, but rather as an issue highly resistant to resolution. Many organisations out there" that look solve these wicked problems. They are complex and big but they are a fixed target. People and organizations work to solve problems. We have to remember that these wicked problems are each one manifestation of bigger social trends and shifts. So, we need a way conceptualizing these bigger social trends and shifts . Megatrends are large, transformative processes with global reach, broad scope, and a fundamental and dramatic impact". Six specific megatrends that we are discussing this year. Direct linkages to the wicked problems (and some overlap) Week2 the nature, role, and purpose of business: defining some key terms. Organisation: a group of people who work together in an organized way for a shared purpose .