Reference no: EM133278517

Question

The article "Reimagining the Balanced Scorecard for the ESG Era," reflect on the new reality facing businesses, especially since the pandemic, regarding expectations about the incorporation of Environmental, Social, and Governance (ESG) issues in organizational strategy. The authors of this article state that companies who focus only on shareholders are ignoring or even contributing to societal problems related to climate change, environmental destruction, and inequality. The authors believe that companies should be partnering with other businesses, communities, non-profit organizations, and governmental agencies to develop "positive-sum networks" that generate economic value while at the same time addressing societal issues. create post describing your thoughts on this concept of a "positive-sum network" and the ability of companies to effectively contribute to solving the wicked societal problems of the 21st century.