Taming trojan horses: Identifying and mitigating corporate social responsibility risks [Book Review]

Journal of Business Ethics 75 (2):151 - 170 (2007)
Abstract
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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Vladimir Petkoski (2007). From International Corporate Responsibility to Local CSR. International Corporate Responsibility Series 3:283-295.
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