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From corporate social responsibility to creating shared value with suppliers through mutual firm foundation in the Korean bakery industry: a case study of the SPC Group

Author

Listed:
  • Dongmin Lee
  • Junghoon Moon
  • Jongpyo Cho
  • Hyoung-Goo Kang
  • Jaeseok Jeong

Abstract

This study introduces the transformation process of a company's non-market strategy from corporate social responsibility to creating shared value (CSV). The proposed framework depicts supplier relationship management (SRM) activity, through the case of a Korean bakery franchise, using non-market strategies as a tool for SRM. The analysis explains the backgrounds of the transformation and the ramifications of the changes on SRM actions, such as mutual firm foundations, long-term contracts, and temporal relations. A mutual firm is suggested as the representative form of CSV activity within a triple helix innovation that would create business and social value, ultimately achieving regional resilience.

Suggested Citation

  • Dongmin Lee & Junghoon Moon & Jongpyo Cho & Hyoung-Goo Kang & Jaeseok Jeong, 2014. "From corporate social responsibility to creating shared value with suppliers through mutual firm foundation in the Korean bakery industry: a case study of the SPC Group," Asia Pacific Business Review, Taylor & Francis Journals, vol. 20(3), pages 461-483, July.
    • Handle: RePEc:taf:apbizr:v:20:y:2014:i:3:p:461-483
    DOI: 10.1080/13602381.2014.929301
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    Citations

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    Cited by:

    1. Li‐Chun Kuo & Chia‐Lin Lee & Yun‐Ting Lee, 2022. "The impact of voluntary assurance of CSR reports on firms' operating performance: Evidence from Taiwan," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 4041-4054, December.
    2. Marcelo Royo-Vela & Jonathan Cuevas Lizama, 2022. "Creating Shared Value: Exploration in an Entrepreneurial Ecosystem," Sustainability, MDPI, vol. 14(14), pages 1-23, July.
    3. Rafael Becerra-Vicario & Ana Leon-Gomez & Antonio Manuel Gutierrez-Ruiz & Manuel Angel Fernandez-Gamez, 2020. "Sustainable development through Corporative Social Responsability, Corporative Philanthropy and Creating Shared Value," Technium Social Sciences Journal, Technium Science, vol. 10(1), pages 291-298, August.
    4. Su-Yol Lee, 2016. "Responsible supply chain management in the Asian context: the effects on relationship commitment and supplier performance," Asia Pacific Business Review, Taylor & Francis Journals, vol. 22(2), pages 325-342, April.
    5. Chang‐Hyun Jin, 2018. "The effects of creating shared value (CSV) on the consumer self–brand connection: Perspective of sustainable development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1246-1257, November.
    6. Atour Taghipour & Moein Khazaei & Adel Azar & Ali Rajabzadeh Ghatari & Mostafa Hajiaghaei-Keshteli & Mohammad Ramezani, 2022. "Creating Shared Value and Strategic Corporate Social Responsibility through Outsourcing within Supply Chain Management," Sustainability, MDPI, vol. 14(4), pages 1-25, February.
    7. Nil Engizek & Bahar YaÅŸin, 2018. "Influence Of Consumer Attributions And Service Quality On Support Of Corporate Social Responsibility," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 9(1).
    8. Wei‐jian Li & Wei Zhu & Bin Wang, 2023. "The impact of creating shared value strategy on corporate sustainable development: From resources perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2362-2384, September.
    9. Liping Fu & Xiaodi Jiang, 2019. "Does the Multiple-Participant Innovation Improve Regional Innovation Efficiency? A Study of China’s Regional Innovation Systems," Sustainability, MDPI, vol. 11(17), pages 1-16, August.

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