This is the last CSR Newsletter of the Spring semester.
Have a great summer and I will see you in the Fall!
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Over the summer, I am happy to announce I will have a new book published by Routledge, titled Sustainable Value Creation. The book's website was recently launched:
This is the second edition of a book that I had previously published as part of the UN PRME book series at Business Expert Press. It is much shorter than my Sage book and not a traditional textbook format. I use it in my Executive MBA course and find the shorter format works well. The cover is below and the TOC is below that, FYI. If anyone has any questions, please let me know.
Hope you all have a great summer.
Take care
David
David Chandler
© Sage Publications, 2020
Instructor Teaching and Student Study Site: https://study.sagepub.com/chandler5e
Strategic CSR Simulation: http://www.strategiccsrsim.com/
The library of CSR Newsletters are archived at: https://strategiccsr-sage.blogspot.com/
Sustainable Value Creation: ToC
Introduction: Corporate Social Responsibility
- Defining CSR
- Measuring CSR
- Profiting from CSR
- Sustainable Value Creation
Principle I: Business is social progress
- For-profit firms
- Business is ethical and moral
- Self-interest and public interest
Principle 2: Shareholders do not own the firm
- Limited liability
- A legal person
- The business judgment rule
- Stakeholders, not shareholder
Principle 3: Prioritizing competing stakeholder interests is difficult
- Stakeholder theory
- Prioritizing stakeholders
- A decision-making model
Principle 4: CSR is a stakeholder responsibility
- Corporate social responsibility
- Corporate stakeholder responsibility
- Stakeholder democracy
Principle 5: Market-based solutions are optimal
- Imperfect markets
- Unintended consequences
- Behavioral economics
Principle 6: Profit = total value
- Economic value + social value
- Profit optimization
- Production value and consumption value
Principle 7: The free market is not free
- Free markets
- Externalities
- Lifecycle pricing
Principle 8: Only business can save the planet
- Sustainability
- Waste
- Materialism
- Scale
Principle 9: Value creation is not a choice
- Not philanthropy, but core operations
- Not caring capitalism, but market capitalism
- Not sharing value, but creating value
Principle I0: The business of business is business
- Milton Friedman
- The purpose of the firm
Conclusion: Sustainable Value Creation
- Defining SVC
- Enlightened management
- Final thoughts
