Strategic Corporate Social Responsibility - International Student Edition: Sustainable Value Creation

Strategic Corporate Social Responsibility: Sustainable Value Creation (Sixth Edition) redefines CSR as central to the value-creating purpose of the firm, arguing that managers must balance competing interests to create sustainable value.

Format: Paperback / softback
Length: 552 pages
Publication date: 18 October 2022
Publisher: SAGE Publications Inc

Strategic Corporate Social Responsibility (CSR) is a critical concept in today's business world, as it is essential for creating sustainable value. The Sixth Edition of this bestselling text, authored by David Chandler, redefines CSR as being central to the value-creating purpose of the firm. According to the theory of empowered stakeholders, a corporation's responsibility is to create value, broadly defined. Managers face a significant challenge in balancing the competing interests of the firm's stakeholders, as their expectations may change over time. This complexity and demand make CSR a crucial aspect of the firm's strategy and day-to-day operations.

In the Sixth Edition, Chandler addresses various issues that have emerged in recent years, such as the impact of COVID-19, the Black Lives Matter movement, the supply chain crunch, and the phenomenon of the "great resignation." These topics highlight the ongoing challenges and opportunities that firms face in their CSR efforts.

COVID-19 has brought about unprecedented challenges for businesses and society as a whole. Companies have been forced to adapt to new realities, such as remote work, supply chain disruptions, and increased social and economic inequality. CSR has played a critical role in responding to these challenges, as firms have sought to support their employees, customers, and communities during this time.

The Black Lives Matter movement has raised awareness about racial discrimination and inequality in society. Companies have been called upon to address these issues and take action to promote diversity and inclusion in their workforce and supply chain. CSR has been a powerful tool for promoting social justice and equity, as firms have committed to promoting diversity and inclusion in their hiring practices, training programs, and marketing campaigns.

The supply chain crunch has highlighted the importance of sustainable and responsible business practices. Companies have been pressured to reduce their environmental impact, improve working conditions, and ensure ethical practices throughout their supply chain. CSR has been a key driver in promoting sustainable supply chain management, as firms have sought to reduce their carbon footprint, promote fair labor practices, and ensure the safety and well-being of their workers.

The "great resignation" has highlighted the importance of employee engagement and satisfaction. Companies have been forced to reevaluate their workplace culture and policies to attract and retain talented employees. CSR has been a powerful tool for promoting employee well-being and satisfaction, as firms have committed to providing a safe and supportive work environment, promoting work-life balance, and providing opportunities for career development.

In conclusion, Strategic Corporate Social Responsibility is a critical concept for creating sustainable value in today's business world. The Sixth Edition of this bestselling text provides a comprehensive and up-to-date understanding of CSR, as it addresses the challenges and opportunities that firms face in their CSR efforts. By balancing the competing interests of stakeholders, promoting social justice and equity, and ensuring employee well-being and satisfaction, companies can create a positive impact on society and the environment. As the business landscape continues to evolve, CSR will remain an essential component of the firm's strategy and day-to-day operations.

Weight: 960g
Dimension: 231 x 187 (mm)
ISBN-13: 9781071895351
Edition number: 6 Revised edition