Decision-Making for Sustainable Transformation: A Collaborative Effort
Policy Decision-Making and Implementation
Learning activity
Key Takeaways
In this chapter, Professor Christine Loh explored the unique role and responsibilities of government in acting for the collective public interest and shared her decision-making process called PISCES.
The government possesses unique tools like law-making and taxation to create a better society, emphasising the need for clarity in using these tools for public interests.
PISCES: Prioritising issues, dealing with vested Interests, finding Solutions, considering Costs, assessing Equity, and Socialising ideas. This framework helps governments and businesses alike with complex decision-making.
Companies operate within the legal framework set by the government but should strive to exceed mere legal compliance. Responsible businesses also consider societal expectations, such as providing fair wages and working conditions.
Further Readings
- Will Kenton (2023)Social License to Operate (SLO): Definition and Standards