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Sustainability and the Wrangling of Decision-Making Premises

In: Sustainable Management

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  • Georg Müller-Christ

    (University of Bremen)

Abstract

Doing business means, above all, decision-making. While there is a large and mature body of decision theory in economics, little attention is paid to the specific structures and processes of decisions regarding sustainability and business ethics. These have two main peculiarities that are difficult for conventional decision theory: 1. Decisions in the context of sustainability and ethics are not primarily conventional choices between two or more alternative actions. Rather, they are initial decisions about a new order of the relevant decision-making premises. 2. If sustainability and ethics can establish themselves as action-guiding decision-making premises, they mostly require now-for-then and now-for-then-for-others decisions. These types of decisions require different consideration processes than traditional now-for-now decisions. This chapter deals with these kinds of decisions. It gives an overview of the system of decision-making premises which plays a role in every corporate decision. In addition, it presents a taxonomy of decision types to help better understand the logic of decisions regarding sustainability and ethics.

Suggested Citation

  • Georg Müller-Christ, 2023. "Sustainability and the Wrangling of Decision-Making Premises," Springer Books, in: Sustainable Management, edition 2, chapter 10, pages 211-237, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-45791-3_10
    DOI: 10.1007/978-3-031-45791-3_10
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