Honourable Merchants as a Role Model for Responsible Leadership: History and Perspectives

Joachim Schwalbach
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Joachim Schwalbach: Humboldt-Universität zu Berlin

Chapter Chapter 2 in Intrinsic CSR and Competition, 2020, pp 17-33 from Springer

Abstract: Abstract In economics, the principles of Honourable Merchants are embedded in the wider research area of Corporate Social Responsibility (CSR) which focuses on the relationship between current economic and social policy as well as business and it promotes measures to oblige companies to develop their own responses towards such policy as well as to regularly communicate (positive as well as negative) impacts of their business activity on the economy, the environment and society. For the understanding of the principles of Honourable Merchants and for the assessment of the transferability to modern entrepreneurship, the historical genesis and evolution of the Principles are of central importance. The following chapter explores the millennium of the Principles of Honourable Merchants and transforms these into a contemporary model of corporate responsibility towards society. The paper concludes with the observation that responsible leadership as prescribed by the Principles will continue to be a successful recipe for sustainably promoting and assuring economic and social progress.

Keywords: Commercial activity; Corporate responsibility; Economic and social progress; Honourable merchant; Virtuous behaviour; Self-responsibility (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-21037-3_2

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DOI: 10.1007/978-3-030-21037-3_2

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