May 26, 2010

Corporate Social Responsibility as Risk Management: A Model for Multinationals

Kytle & Ruggie

Ideas:

Globalization

Large Enterprises

CSR – what you do with your money

How you make your money

Conceptual Framework

Greater interdependencies

Hidden vulnerabilities

Significant shift in market power

Social risk

Own behaviour or actions of others create vulnerabilities

CSR Programs

Global operating environment: networked operations, empowered global stakeholders, dynamic tension between stakeholders

Supply chain components bring their own individual vulnerabilities. Risk in one can ripple through supply chain

Being large being global makes you a platform for stakeholders

Other country issues – weak regulatory frameworks, means of enforecement, high levels of corruption inadequate provision of local service.

Social issues stakeholder interests are not profit motivated\

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