Corporations, stakeholders and sustainable development I: A theoretical exploration of business–society relations [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 61 (3):263 - 281 (2005)
Sustainable development (SD) – that is, “Development that meets the needs of current generations without compromising the ability of future generations to meet their needs and aspirations” – can be pursued in many different ways. Stakeholder relations management (SRM) is one such way, through which corporations are confronted with economic, social, and environmental stakeholder claims. This paper lays the groundwork for an empirical analysis of the question of how far SD can be achieved through SRM. It describes the so-called SD–SRM perspective as a distinctive research approach and shows how it relates to the wider body of stakeholder theory. Next, the concept of SD is operationalized for the microeconomic level with reference to important documents. Based on the ensuing SD framework, it is shown how SD and SRM relate to each other, and how the two concepts relate to other popular concepts such as Corporate Sustainability and Corporate Social Responsibility. The paper concludes that the significance of societal guiding models such as SD and of management approaches like CSR is strongly dependent on their footing in society.
|Keywords||sustainable development sustainability corporate stakeholder stakeholder management stakeholder relations management Corporate Social Responsibility/CSR Corporate Responsibility environmental management|
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Citations of this work BETA
Claudia Som, Lorenz M. Hilty & Andreas R. Köhler (2009). The Precautionary Principle as a Framework for a Sustainable Information Society. Journal of Business Ethics 85 (3):493 - 505.
Mert Bilgin (2009). The PEARL Model: Gaining Competitive Advantage Through Sustainable Development. [REVIEW] Journal of Business Ethics 85 (3):545 - 554.
Azlan Amran (2011). The Stakeholder Approach: A Sustainability Perspective. [REVIEW] Journal of Business Ethics 98 (1):121 - 136.
Wing S. Chow & Yang Chen (2012). Corporate Sustainable Development: Testing a New Scale Based on the Mainland Chinese Context. [REVIEW] Journal of Business Ethics 105 (4):519-533.
Cory Searcy (2012). Corporate Sustainability Performance Measurement Systems: A Review and Research Agenda. [REVIEW] Journal of Business Ethics 107 (3):239-253.
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