Corporate Citizenship: The role of companies as citizens of the modern world

Corporate Citizenship: The role of companies as citizens of the modern world

by David Logan, Mr. Logan

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Overview

Private companies and multinationals have been around since the beginning of recorded history. For both good and ill they have done an immense amount to shape human culture around the world. We have just come through a period in history when communist and socialist societies tried to eliminate or severely constrain private enterprise, but companies are now back, big time.

Consequently, the question now is: ‘What is their role in our global economic and social system?’ Providing goods and services and making a profit for their shareholders are important, but in that process, they also have responsibilities to their stakeholders and the wider society.

Companies are in fact corporate citizens of society; just as individuals are private citizens. They exercise certain rights but also have profound responsibilities. They have to step up as good citizens and use their power and influence to help humanity face the challenges of the future. This book discusses why and how they must do that as a step towards learning to live with modern capitalism.

Product Details

ISBN-13: 9781784521509
Publisher: Lifestyle Entrepreneurs Press
Publication date: 12/13/2018
Pages: 200
Product dimensions: 6.00(w) x 9.00(h) x 0.42(d)

About the Author

David Logan is co-founder of Corporate Citizenship, the international consultancy widely regarded as a ‘one-stop shop’ for consulting on all aspects of corporate responsibility and sustainability. He has worked in the public, non-profit and private sectors and has 38 years of practical experience on frontline corporate responsibility and sustainability work.

He is a graduate of London University, with a Masters in Philosophy and an Advanced Diploma in Education. He is an Associate Fellow at the Doughty Centre for Corporate Responsibility at Cranfield University in the UK.

Table of Contents

Dedication

Acknowledgements

Preface



PART 1: THE HISTORICAL AND CULTURAL CONTEXT

Introduction

Chapter 1: Private Companies Are Part of the Development of Human Culture

The World’s First Multinationals

The Early European Multinationals

The Great Change of Direction

Free Enterprise’s Other Critics

Business Responds to the New World Order



Chapter 2: The Resurgent For-Profit Sector

Why Did It Make a Comeback?

Wealth Creation Matters

The Profit Motive Drives a Connection With Human Needs and Wants

Governments and Non-Profits Are in Business

Business Is More Than Just Making Profits



Chapter 3: The Rise of a Global Social System

Private Companies Help Complete the Mix of Social Institutions

The Rise of the Non-Profit Sector

The American Model?

The Emergence of Stakeholder Theory

The Emergence of Global Values

Global Interconnectedness



Chapter 4: The World Companies Now Live in

Today’s Mix of Social Sectors

Global Companies in the Global System

Government

The Non-Profit Sector

The Informal Sector



Chapter 5: Working Together?

Interaction Already Happens

Sector Cultures and Psychologies

The Emotional Posture of Government

The Emotional Posture of the Non-Profit Sector

The Emotional Posture of the For-Profit Sector

Collaboration is Hard Work



PART 2: MANAGING THE COMPANY AS A CORPORATE CITIZEN

Introduction



Chapter 6: What is Corporate Citizenship?

Defining Our Terms

Companies and the Law

Stakeholders and Corporate Citizenship

Empowering Stakeholders

The Wider Society

Mapping the Scope of Corporate Citizenship Today

Companies Are Human Institutions



Chapter 7: Why Be a Good Citizen?

Openness About Motives Is Vital

Different Motives for ‘Doing the Right Thing’

The Founder’s Values

Building the Business

Saving Costs

Promoting Mutual Benefits

Unavoidable Challenges

It is Just the Right Thing to Do

The Importance of Values

The Johnson & Johnson Credo

The Values Cascade

The Need for Openness About Performance



Chapter 8: The Management Challenge

Developing the Capacity to Contribute

Companies As Agents of the Market

Managing Citizenship

Leadership From the Top

An Internal Management Capacity

Managing Transparency

Working With Others

Top-down or Bottom-up?



Chapter 9: Corporate Citizenship and the Future of Capitalism

Capitalism Is Back

Capitalism and Good Citizenship

Companies Need Manageable Priorities

Companies As a Force for Good

Corporate Citizenship As Part of Shaping a New Future



Notes and References



About the Author



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