Taming trojan horses: Identifying and mitigating corporate social responsibility risks [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 75 (2):151 - 170 (2007)
Organizations are exposed to increasing pressures from their constituents to integrate corporate social responsibility (CSR) principles into their ongoing business practices. But accepting new and potentially open-ended commitments is not a harmless exercise, and companies may well expose themselves to serious risks when embracing such principles. To identify these risks, we conducted two naturalistic studies: one exploratory, the other corroborative. The results show that CSR adoption is associated with at least seven different business risks, ranging from failing strategy implementation to legitimacy destruction. To alleviate these risks, we discuss a set of managerial mitigation strategies that have the potential to realign companies’ CSR activities with their strategic objectives.
|Keywords||corporate social responsibility corporate social responsibility risks managerial implications mitigation strategies strategy implementation Trojan horses|
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References found in this work BETA
Michael C. Jensen (2002). Value Maximization, Stakeholder Theory, and the Corporate Objective Function. Business Ethics Quarterly 12 (2):235-256.
Nikolay A. Dentchev (2004). Corporate Social Performance as a Business Strategy. Journal of Business Ethics 55 (4):397 - 412.
Bryan W. Husted & David B. Allen (2000). Is It Ethical to Use Ethics as Strategy? Journal of Business Ethics 27 (1-2):21 - 31.
Pursey Pmar Heugens, Frans A. J. van den Bosch & Cees B. M. van Riel (2002). Stakeholder Integration Building Mutually Enforcing Relationships. Business and Society 41 (1):36-60.
Bryan W. Husted (2000). A Contingency Theory of Corporate Social Performance. Business and Society 39 (1):24-48.
Citations of this work BETA
Carmelo Cennamo, Pascual Berrone & Luis R. Gomez-Mejia (2009). Does Stakeholder Management Have a Dark Side? Journal of Business Ethics 89 (4):491 - 507.
Fiona MacPhail & Paul Bowles (2009). Corporate Social Responsibility as Support for Employee Volunteers: Impacts, Gender Puzzles and Policy Implications in Canada. [REVIEW] Journal of Business Ethics 84 (3):405 - 416.
Nikolay A. Dentchev, Mitchell Balen & Elvira Haezendonck (2015). On Voluntarism and the Role of Governments in CSR: Towards a Contingency Approach. Business Ethics: A European Review 24 (4):378-397.
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