It is argued by several scholars that Corporate Social Responsibility (CSR) is considered by corporations as strategic for the business because of its contribution to financial performance (Barnett, 2007; Orlitzkyetal., 2003) or to market value (Mackey et al, 2007). Recent studies find it wiser for the firm to act strategically with regard to CSR activities and suggest using the same frame work that guides their core business choices in order to make CSR a source of competitive advantage for the firm (Maxfield, 2008). The stake holder model of strategic management, the inclusion of social demands as strategic issues, as well as suggestions of more general ways in which CSR Programmers can create strategic benefits for the Organization have been included in attempting to integrate the concepts of CSR and corporate strategy (Burke and Logsdon, 1996; Carroll et al, 1987;Galbreath, 2006).
In this essay, the author will analyse and discuss the main issues which are needed to consider when managing strategic change in the context of CSR by using the example of different organizations. Moreover, the main issues will be explored and criticised within the context of strategic change and CSR. Furthermore, it will consider the effects of such strategic change on stakeholder, especially with regards to delivering ethical strategies that support long term sustainability.
Table of Content
1. Introduction
2. Definition of Strategic Change
3. Main causes of Strategic Change
4. Prescriptive approaches to managing strategic change
5. Emergent approaches to managing strategic change
6. Levels of Strategy:
7. Corporate Social Responsibility (CSR)
8. Shareholder and Stakeholder perspectives on corporate social responsibility
9. Implementation of CSR Strategies in organizations
10. Main issues within the context of strategic change and corporate social responsibility
11. Effects of strategic change on stakeholder that support long term sustainability
12. Conclusion:
13. Appendix 1
14. Appendix 2
15. Appendix 3
16. Appendix 4
17. Appendix 5
18. References
19.Bibliography
Frequently Asked Questions
What is Corporate Social Responsibility (CSR) in a strategic context?
CSR is considered strategic when it contributes to a firm's financial performance, market value, or competitive advantage.
How can CSR be integrated into corporate strategy?
Integration involves using the same framework for CSR as for core business choices, including social demands as strategic issues.
What are the different perspectives on CSR?
The essay discusses both shareholder perspectives (focus on profit) and stakeholder perspectives (focus on broad social impact).
What are the main causes of strategic change in CSR?
Strategic change is often driven by the need for long-term sustainability and the delivery of ethical strategies that meet stakeholder expectations.
What approaches to managing strategic change are analyzed?
The essay explores both prescriptive and emergent approaches to managing change within the context of CSR.
- Quote paper
- PhD(Student), MBA, BBA Md. Rajibul Hasan (Author), 2011, Strategies For Responsible Business, Munich, GRIN Verlag, https://www.grin.com/document/200033
