Friday, May 27, 2005

Corporate Responsibility and Competitiveness

The business case for Corporate Social Responsibility has been debated for many years. In a survey of the subject, Roger Cowe from Royal Dutch/Shell Group finds that while links to national and regional competitiveness are less clear, governments and think tanks are enthusiastic about the idea.

It looks like a no-brainer: if there is a business case for corporate social responsibility and enough companies take it up, that will make whole economies more competitive – so governments should be encouraging corporate social responsibility in pursuit of national economic strategies. But brains are needed.

Quite apart from the “ifs” in this argument, there are plenty of uncertainties:

  1. Does the case for corporate social responsibility apply to all kinds of company?
  2. Can benefits aggregate across an economy or is it a zero-sum game?
  3. Does it introduce inefficiencies when scaled up to the level of the economy as a whole, as classical economics would argue?

It is increasingly common to talk about the triple bottom line at the level of the economy rather than the firm. Read on...


Blogger apeksha said...

are empolyees really aware of csr policy and what is their view

12:23 PM  
Blogger Optimistic said...

Corporations are human endeavors, and all human endeavors should benefit our society and reflect our morals.

Help set up a new code of moral corporate responsibility at World Moral Movement.

9:18 AM  

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