Corporate Social Responsibility and Business Performance

Corporate Social Responsibility and Business Performance

Theories and Evidence about Organizational Responsibility

Tobias Gössling

Does it pay for businesses to act morally? This book attempts to answer this question. Taking a positive approach, it demonstrates that, under certain conditions, organizations can act responsibly and profitably at the same time. It elaborates on these conditions and provides evidence for the assumed positive relation between responsibility and profitability.

Preface

Tobias Gössling

Subjects: business and management, corporate social responsibility, management and sustainability, organisation studies, environment, environmental management

Extract

Business ethics and corporate social responsibility (CSR) are by far the most important courses to be taught to future managers. They may not be crucial for students when trying to make a career and succeed in their first job. However, they might be important for survival in their first job, and they help to understand that a decision that leads to a better team evaluation or higher bonus payments, may still be the wrong decision. There are a couple of questions that are not dealt with in any other courses but that may pop up in a job: • • • • • What do I do if I observe that my superior is bullying a colleague? What can I do if I observe that a colleague is misusing their high power position in order to take advantage of, for example, female junior personnel? What do I do if a client offers personal advantages in exchange for a discount? What do I do if I see that our bookkeepers overestimate the value of the company and even the accountants and auditors did not notice? What do I do if I see that my company takes a lot of initiatives that appear very responsible but at the same time neglects important investments in the safety of the production facilities? Business ethics and corporate social responsibility may not be important for companies whose primary concern is good return on investment. Even though this book shows that, in general, responsible companies outperform their irresponsible peers, we cannot neglect...