Stewardship entails a profound understanding and acceptance of the challenges that result from the organization’s interdependence with the societal and ecological contexts in which it operates—and of what it takes to embrace the challenges to be a force for building a viable future. This book dares to ask ‘why’ business leaders should embrace stewardship in the current market where profit reigns supreme. A shift in approach represents fundamental change for the corporate world, and even the most advanced corporations consider themselves to be in the starting block of this transition. The book sets out the practical ways in which corporate stewardship can be achieved through embedding new approaches across the different functions of a business.
This book, written by the leading thinkers in sustainability research, provides practical guidance on how companies can resolve the paradoxical challenges they face. How can they be at the same time profitable and responsible, effective and ethical, sustainable and adaptable? It explores what businesses are doing, what they can and should do to effectively respond to external challenges, and focuses on how leaders can create cultures, strategies, and designs far beyond “business as usual”.Stewards must not only make proper current use of that which they hold in trust, they also must leave it in better condition for use by future generations. Corporate Stewardship challenges managers, executives, and directors of global corporations to think and act as stewards of both their organizations and the physical and social environments in which they operate.
PrefaceSection I: Overview: History and the future1. Achieving sustainable effectiveness: Business not as usual Susan A. Mohrman, James O’Toole & Edward E. Lawler III 2. Corporate stewardship: Successes and failures (a selected history) James O’Toole3. Stewardship of the future: Large system change and company stewardship Sandra WaddockSection II: The leader’s role4: The role of the leader in shaping the ethical culture of the corporation Kirk O. Hanson5. Leading socially responsible, value-creating corporations Daniel A. Brown & Rakesh KhuranaSection III: Strategy and organization6. Sustainability for strategic advantage: The shift to flourishing Chris Laszlo7. Designing for sustainable effectiveness: The role of embeddedness and agility Christopher G. Worley and Susan A. Mohrman8. Stewardship and human resource management: From me to we to all of us Philip H. Mirvis9. Corporate and integrated reporting: A functional perspective Robert G. Eccles & George SerafeimSection IV: The world of stakeholders10. Attaining corporate social responsibility practice in corporations:recognizing the interdependence of governments and multinational corporations Jette Steen Knudsen11. BoP 2.0: The next generation of strategy for the base of the pyramid Stuart L. Hart12. Sustainability in the developing world: An exploration of corporate responsibility and efficacy in promoting social justice Bruce Hutton & Tricia D.OlsenSection V: The view forward13. The fourth wave: Management science and practice in the age of the anthropocene Andrew J. Hoffman & John R. Ehrenfeld14. Stewardship versus the market: A skeptical perspective Paul S. Adler