Pub Date : 2019-02-28DOI: 10.1093/OXFORDHB/9780198737063.013.18
T. Clarke, M. Boersma
Many of the great international corporations of the past have now largely been disembodied into global value chains. This chapter considers the implications of the continued advance of global value chains as the mode of production for an increasing number of goods and services, and how this has impacted considerably on the economies and societies both of the developed world and the emerging economies. In turn, this has transformed corporations themselves into largely finance, design, and marketing agencies which are often distant from the production and operations which they ultimately control. While the globalization of production has brought employment and economic growth to many developing countries, it is also associated with exploitative employment relations, environmental irresponsibility, and recurrent ethical dilemmas. While corporations may disaggregate production in distant networks of contractors, they cannot as readily disaggregate the moral responsibility for the social and environmental impact of their mode of production.
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Pub Date : 2019-02-28DOI: 10.1093/OXFORDHB/9780198737063.013.30
T. Clarke
The dawning realization of the global consequences of imminent climate change provides a series of inescapable challenges for business enterprises. Responding to these climate challenges involves the exploration and development of new paradigms of corporate purpose and activity. A series of international institutional initiatives are inspiring, facilitating, and guiding the progress of companies toward new conceptualizations of their responsibilities. These policy initiatives are increasingly reinforced by market indices which recognize and measure the performance of companies according to social and environmental criteria. This effort is endorsed by a wide array of business and civil society bodies that are researching and disseminating knowledge and practical analytical skills regarding sustainability. This amounts to a changing corporate landscape where risk, strategy, and investment are closely calibrated with social and environmental responsibility.
{"title":"The Greening of the Corporation","authors":"T. Clarke","doi":"10.1093/OXFORDHB/9780198737063.013.30","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198737063.013.30","url":null,"abstract":"The dawning realization of the global consequences of imminent climate change provides a series of inescapable challenges for business enterprises. Responding to these climate challenges involves the exploration and development of new paradigms of corporate purpose and activity. A series of international institutional initiatives are inspiring, facilitating, and guiding the progress of companies toward new conceptualizations of their responsibilities. These policy initiatives are increasingly reinforced by market indices which recognize and measure the performance of companies according to social and environmental criteria. This effort is endorsed by a wide array of business and civil society bodies that are researching and disseminating knowledge and practical analytical skills regarding sustainability. This amounts to a changing corporate landscape where risk, strategy, and investment are closely calibrated with social and environmental responsibility.","PeriodicalId":223219,"journal":{"name":"The Oxford Handbook of the Corporation","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115027531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-28DOI: 10.1093/oxfordhb/9780198737063.013.27
N. Foss, Stefan Linder
The economic theory of the firm has strongly influenced our current understanding of the raison d’être, functioning, and internal organization of organizations. Yet, organizations today operate under quite different conditions than the ones that prevailed when some of the foundations for the contemporary theory of the firm were laid (i.e., the 1930s to the 1970s). The unfolding knowledge economy and the growing pressure for corporate social responsibility promise to profoundly affect the nature of corporations. We discuss what the economic theory of the firm has to offer for understanding the challenges faced by corporations today, and where the knowledge economy and corporate social responsibility push the limits of the economics of organization.
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Pub Date : 1900-01-01DOI: 10.1093/oxfordhb/9780198737063.013.26
S. Benn, M. Edwards
New business models forming in the circular and sharing economies are enabling transitions to the adoption of sustainable business practices. Such new business models address resource depletion, issues associated with waste management, and innovative design of products and services. Transition requires new management practices and resource stewardship models that go beyond the traditional product life cycle requiring collaborative or inter-organizational governance structures. Global market challenges are faced, such as incorporating the cost of externalities, capitalizing on impact investing, developing integrated frameworks to account for sustainability performance, and enhancing corporate resilience and adaptation in regard to climate change.
{"title":"Corporate Sustainability In A Fragile Planet","authors":"S. Benn, M. Edwards","doi":"10.1093/oxfordhb/9780198737063.013.26","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198737063.013.26","url":null,"abstract":"New business models forming in the circular and sharing economies are enabling transitions to the adoption of sustainable business practices. Such new business models address resource depletion, issues associated with waste management, and innovative design of products and services. Transition requires new management practices and resource stewardship models that go beyond the traditional product life cycle requiring collaborative or inter-organizational governance structures. Global market challenges are faced, such as incorporating the cost of externalities, capitalizing on impact investing, developing integrated frameworks to account for sustainability performance, and enhancing corporate resilience and adaptation in regard to climate change.","PeriodicalId":223219,"journal":{"name":"The Oxford Handbook of the Corporation","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131089664","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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