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The Influence of Corporate Social Responsibility (CSR) and Social Media on the Strategy Formulation Process

Author

Listed:
  • Gordon Bowen

    (Department of Business and Law, Northumbria University, London E1 7HT, UK)

  • Dominic Appiah

    (Department of Business, Arden University, London EC3N 4DX, UK)

  • Sebastian Okafor

    (Department of Business, Cumbria University, London E14 6JE, UK)

Abstract

The current theory on strategy formulation is based significantly on environmental analysis and leveraging strategic capability. There is limited understanding of how corporate social responsibility (CSR) and social media strategies could develop the strategy formulation to improve strategic outcomes. The input into the strategic formulation process does not tend to take account of customers’ inclination for CSR practices and policies. This is particularly important for consumers who can spurn organisations that do not incorporate ethical practices in their core values. The paper aims to show that social media is an inclusive tool, because of the duplex communication techniques that enhance it, and CSR is complementary to building a robust strategic planning process. The methodology is a qualitative case study using a reflective perspective based on a complete participant role. The results demonstrate that there are challenges in operating a strategic planning process that is situated in an uncertain, volatile and dynamic business environment; it requires an integrated partnership between the inter-organisational actors and other stakeholders. Social media is the integrator of resources and CSR helps to build relationships, acting as a reinforcer of trust.

Suggested Citation

  • Gordon Bowen & Dominic Appiah & Sebastian Okafor, 2020. "The Influence of Corporate Social Responsibility (CSR) and Social Media on the Strategy Formulation Process," Sustainability, MDPI, vol. 12(15), pages 1-13, July.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:15:p:6057-:d:390914
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    References listed on IDEAS

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    Cited by:

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    2. Jee Hoon Lee & Jacob Wood & Jungsuk Kim, 2021. "Tracing the Trends in Sustainability and Social Media Research Using Topic Modeling," Sustainability, MDPI, vol. 13(3), pages 1-19, January.
    3. Maximilian Schacker, 2022. "Tackling Fuzziness in CSR Communication Research on Social Media: Pathways to More Rigor and Replicability," Sustainability, MDPI, vol. 14(24), pages 1-20, December.
    4. Ionica Oncioiu & Delia-Mioara Popescu & Anca Elena Aviana & Alina Șerban & Florica Rotaru & Mihai Petrescu & Andreea Marin-Pantelescu, 2020. "The Role of Environmental, Social, and Governance Disclosure in Financial Transparency," Sustainability, MDPI, vol. 12(17), pages 1-16, August.

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