Strategic Corporate Social Responsibility: Sustainable Value Creation

by David Chandler

Overview

Strategic Corporate Social Responsibility: Sustainable Value Creation redefines corporate social responsibility (CSR) as being central to the value-creating purpose of the firm. Based on a theory of empowered stakeholders, this bestselling text argues that the ‘responsibility’ of a corporation is to create value, broadly defined. In this new Fourth Edition, author David Chandler explores why some firms are better at CSR and how other firms can improve their CSR efforts.

Keep your course content up-to-date!

Subscribe to David Chandler's 'CSR Newsletters' by e-mailing him at [e-mail]. The newsletters are designed to be a dynamic complement to the text that can be used for in-class discussion and debate. Past newsletters are archived as a freely-available resource for instructors and students at: http://strategiccsr-sage.blogspot.com/

Product Details

ISBN-13:	9781506310992
Publisher:	SAGE Publications
Publication date:	06/30/2016
Edition description:	Fourth Edition
Pages:	488
Product dimensions:	7.40(w) x 9.10(h) x 1.00(d)

About the Author

David Chandler ([e-mail]) is Associate Professor of Management at the University of Colorado Denver Business School. His research focuses on the dynamic interface between the firm and its institutional environment. His research has been published in Administrative Science Quarterly, Organization Science, Academy of Management Review, Journal of Management, and Strategic Organization. Additional related publications include the book Corporate Social Responsibility: A Strategic Perspective (Business Expert Press, 2014). He received his Ph D in Management from The University of Texas at Austin.

Table of Contents

List of Figures
Glossary
Preface: Why CSR Matters
Plan of the Book
Acknowledgments
PART I: CORPORATE SOCIAL RESPONSIBILITY
Chapter 1: What Is CSR?
A New Definition of CSR
The Evolution of CSR
Foundations of CSR
Strategic CSR Debate
Questions for Discussion and Review
Chapter 2: The Driving Forces of CSR
Affluence
Sustainability
Globalization
Communications
Brands
Strategic CSR Debate
Questions for Discussion and Review
Chapter 3: Corporate Rights and Responsibilities
Corporate Rights
Corporate Responsibilities
Strategic CSR Debate
Questions for Discussion and Review
Part I Case Study: Religion
Religion and Capitalism
Islamic Finance
Strategic CSR Debate
Questions for Discussion and Review
Next Steps
PART II: A STAKEHOLDER PERSPECTIVE
Chapter 4: Stakeholder Theory
Who Is a Stakeholder
Which Stakeholders Should Be Prioritized?
Strategic CSR Debate
Questions for Discussion and Review
Chapter 5: Corporate Stakeholder Responsibility
CSR: A Corporate Responsibility?
CSR: A Stakeholder Responsibility?
Engaged Stakeholders
Strategic CSR Debate
Questions for Discussion and Review
Chapter 6: Who Owns the Corporation?
History of the Corporation
Shareholders Own Stock
Fiduciary Duties
Shareholders Versus Stakeholders
Strategic CSR Debate
Questions for Discussion and Review
Part II Case Study: Impact Investing
Socially Responsible Investing
Values-Based Funds
Social Impact Bonds
Strategic CSR Debate
Questions for Discussion and Review
Next Steps
PART III: An Economic Perspective
Chapter 7: The Pursuit of Profit
Markets
Profit
Social Progress
Strategic CSR Debate
Questions for Discussion and Review
Chapter 8: Incentives and Compliance
Voluntary Versus Mandatory
Behavioral Economics
Walmart
Is Walmart Good for Society?
Strategic CSR Debate
Questions for Discussion and Review
Chapter 9: Accountability
Defining CSR
Measuring CSR
Pricing CSR
Strategic CSR Debate
Questions for Discussion and Review
Part III Case Study: Financial Crisis
The Great Recession
Moral Hazard
Global Capitalism
Occupy Wall Street
Countrywide
Bank of America
Strategic CSR Debate
Questions for Discussion and Review
Next Steps
PART IV: A STRATEGIC PERSPECTIVE
Chapter 10: Strategy + CSR
What Is Strategy?
Competing Strategy Perspectives
The Integration of Strategy and CSR
The CSR Threshold
Strategic CSR Debate
Questions for Discussion and Review
Chapter 11: CSR as a Strategic Filter
The CSR Filter
The Market for CSR
The CSR Filter in Action
Strategic CSR Debate
Questions for Discussion and Review
Chapter 12: Strategic CSR
Defining Strategic CSR
Strategic CSR Is Not an Option
Strategic CSR Is Business
Strategic CSR Debate
Questions for Discussion and Review
Part IV Case Study: Supply Chain
An Ethical Supply Chain
An Unethical Supply Chain
A Strategic Supply Chain
Strategic CSR Debate
Questions for Discussion and Review
Next Steps
PART V: A SUSTAINABLE PERSPECTIVE
Chapter 13: Sustainability
Sustainable Development
Waste
Beyond Sustainability
Strategic CSR Debate
Questions for Discussion and Review
Chapter 14: Implementing CSR
Strategic Planning
Short- to Medium-Term Implementation
Medium- to Long-Term Implementation
The Socially Responsible Firm
Strategic CSR Debate
Questions for Discussion and Review
Chapter 15: Sustainable Value Creation
Values, Morals, and Business Ethics
Creating Value
Values-Based Business
Strategic CSR Is Good Business
Strategic CSR Debate
Questions for Discussion and Review
Part V Case Study: Employees
The Gig Economy
Employee-Centered Firms
Strategic CSR Debate
Questions for Discussion and Review
Final Thoughts
Endnotes
Company Index
Subject Index
About the Author

Editorial Reviews

I’ve been using this text to support learning in two classes I teach, Managing for Sustainability and Global Corporate Social Responsibility. I found it to be a strong support for my approach, which involves situation studies and roundtable discussions pertinent to each course. David Chandler’s approach works well for many reasons.

• Current discussions in our US government particularly render it difficult to focus on public policy influences on sustainability and social responsibility, or to promote ethical actions based on altruism. Business administration students may be biased toward a tendency to perceive profits as paramount, and non-business students attracted to the course topics may end up affirming one another’s perceived goodness without learning how to negotiate corporate-influenced environments.
• A vision of perfection may supplant the good that can come of more strategic CSR approaches. A firm’s capacity to genuinely address social challenges ranging from environmental concerns to social equity need not preclude profitability. Corporations’ opening to, and funding of, design and innovation can be important drivers to managing the natural resources left in the world and creating new ways to benefit everyone.
• While taking some issue with Milton Friedman’s notions of what business responsibility comprises (solely to make money), Chandler believes that CSR students have much to learn from the Nobel-prize winning economist, and I agree. Profitability, however, does need to be viewed over the long term as much as the short term. What do we profit in a desolate, ruined environment? If corporations come to the table in meaningful discussion surrounding the balance we “sustainers” seek, perhaps we would move in the right direction. There would be no losers, only investors.
• Strategic CSR seeks to assure profitability through enhanced relationship with all stakeholders, not just shareholders. As Chandler asserts, CSR is a responsibility among firms to meet the needs of their stakeholders and it’s a responsibility among stakeholders to hold firms to account for their actions.

Today’s interplay of business and society is complex and fraught with nuance. Conversations and understanding must evolve further to ensure a sustainable global future. This book offers plenty of material – and outstanding faculty resources – to support an instructor’s approach to helping students learn to mindfully manage people and resources in the world as it is, to the benefit of all: people, planet, and economic stability.

Linda Clark-Borre

"CSR provides an overview of key concepts relating to the practice and strategic purpose of CSR in business and society."

Lorra Brown

"Comprehensive topic coverage, including international CSR strategies. Good framework for discussing various CSR topics, e.g.
Citizens United case. Students comment favorably on the text"

Marta Szabo White