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Developing Social Responsibility

In: The Future International Manager

Author

Listed:
  • Steen Vallentin

    (Copenhagen Business School)

Abstract

The private sector is increasingly called upon to help solve or alleviate social and environmental problems, and many companies are heeding the call. Supposedly, there is today not a single company in the Fortune 500 that does not have some kind of policy regarding responsibility. Companies are engaging in a variety of activities that have hitherto been associated with the state/government or civil society, such as philanthropy and community investment, environmental management, workers’ rights and welfare, human rights, animal rights, corruption, corporate governance, and legal compliance. Companies are increasingly presenting themselves as good corporate citizens and making contributions to sustainable development in the broadest sense. Corporate managers are showing a willingness to let their actions and decisions be guided by the demands and expectations of a broad variety of stakeholders, rather than the narrow financial interests of owners/shareholders alone.

Suggested Citation

  • Steen Vallentin, 2009. "Developing Social Responsibility," Palgrave Macmillan Books, in: Laszlo Zsolnai & Antonio Tencati (ed.), The Future International Manager, chapter 4, pages 49-69, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-27406-8_4
    DOI: 10.1057/9780230274068_4
    as

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