3 Corporate Responsibility Goals and Principles

May 5th, 2015
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Corporate Responsibility and Sustainability Goals and Principles - CR related initiatives. The societal dimension of strategic management, Corporate responsibility goals and principles summary.

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. Comparison with the Aupperle, Hatfield & Carrolls (1985) findings also showed that in the intervening ten years the gap in the relative importance between economic and legal responsibilities had decreased, while the importance of ethical responsibilities appeared to be increasing and that of philanthropic responsibilities to be decreasing (Pinkston & Carroll, 1996). The societal dimension of strategic managementIn 1979, around the time Carroll published his CSR model, the societal dimension of strategic management was explored by Igor Ansoff in The Changing Shape of the Strategic Problem1. He proposed that an enterprise strategy, describing the interaction of a firm with its environment, should be added to the corporate, business and functional levels of strategic management. According to Ansoff, an enterprise strategy was needed in order to enhance a companys societal legitimacy and to address new variables in strategic management such as new consumer attitudes, new dimensions of social control and above all, a questioning of the firms role in society. These ideas are today at the heart of stakeholder approaches to strategic management. The stakeholder theory, emphasising a broad set of social responsibilities for business was established by R Freeman in 1984 through the ground breaking work published in his book Strategic management: A stakeholder approach2 which effectively established the field of Business & Society. Freeman d

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