Despite its recent popularity in literature, theory, and practice, Corporate Social Responsibility (CSR) remains a vague concept that struggles to define itself beyond the confines of corporate philanthropy or sustainability. In some circles, it is a response to the present and anticipated climate change challenges, while in others it focuses on fair trade, corporate governance, and responsible investment. What then is CSR, and how do we understand its purpose? In Corporate Social Responsibility, Entrepreneurship, and Innovation, authors Kenneth Amaeshi and Paul Nnodim consider the governance of corporate externalities (positive and negative impacts of firms on society and the environment) as the main thrust of the CSR discourse – a field that hitherto only the state has regulated, with sometimes coercive actions.
This book contributes to the theorization of CSR by presenting the meaning of CSR in a clear and distinct manner, giving the ongoing CSR debate a new direction anchored on a firm economic philosophy. It reinforces the view of firms as social institutions as well as economic actors, establishing CSR as a form of justice rather than philanthropy. Articulating CSR as private governance of corporate externalities, for the first time, this book provides researchers with a new paradigm to translate knowledge into action and offers reflective managers an alternative framework in which to explore their corporate strategies and decisions.
"Corporate Social Responsibility, Entrepreneurship, and Innovation provides an excellent academic introduction to CSR within the context of globalisation for business students and experienced professionals alike." - Sharon Shutler, FCQI CQP, in Quality World, Vol 39:7, 2013
1. Corporate Social Responsibility: Definitions and Meanings 2. Corporate Social Responsibility as Stakeholder Orientation to Management 3. Corporate Social Responsibility, Globalization, and the Global Governance Void 4. Corporate Social Responsibility as the Private Governance of Externalities 5. Corporate Social Responsibility as a Private Governance Mechanism: Implications for Markets 6. Corporate Social Responsibility as a Private Governance Mechanism: Implications for CSR in Different Institutional Contexts 7. The Problem of Accountability in the Global Networks of Production 8. Corporate Social Responsibility as a Business Philosophy and an Expression of Social Justice: Justice as Fairness About the Authors Bibliography Index
Business ethics is a site of contestation, both in theory and practice. For some it serves as a salve for the worst effects of capitalism, giving businesses the means self-regulate away from entrenched tendencies of malfeasance and exploitation. For others business ethics is a more personal matter, concerning the way that individuals can effectively wade through the moral quagmires that characterise so many dimensions of business life. Business ethics has also been conceived of as a fig leaf designed to allow business-as-usual to continue while covering over the less savoury practices so as to create an appearance of righteousness.
Across these and other approaches, what remains critical is to ensure that the ethics of business is the subject of incisive questioning, critical research, and diverse theoretical development. It is through such scholarly inquiry that the increasingly powerful purview of corporations and business activity can be interrogated, understood and, ultimately, reformulated. This series contributes to that goal by publishing the latest research and thinking across the broad terrain that characterised business ethics.
The series welcomes contributions in areas including: corporate social responsibility; critical approaches to business ethics; ethics and corporate governance; ethics and diversity; feminist ethics; globalization and business ethics; philosophical traditions of business ethics; postcolonialism and the ethics of business; production and supply chain ethics; resistance, political activism and ethics; sustainability, environmentalism and climate change; the ethics of corporate misconduct; the politics of business ethics; and worker’s rights.