 Sustainable Development in Business: A Strategic ViewJeremy Galbreath
Chapter Chapter 6 in Theory and Practice of Corporate Social Responsibility, 2011, pp 89-105 from Springer Abstract: Abstract This chapter addresses sustainable development in business. Drawing upon corporate objective, corporate responsibility, and corporate stewardship perspectives, a definition of sustainable development in business is proposed as “creating value for current stakeholders – without compromising the ability to create value for future stakeholders – by ensuring that economic growth is achieved through the demonstration of environmental integrity and social responsiveness”. The definition suggests that firms take on a broader objective beyond that of a singular focus of maximising profits. However, businesses cannot be expected to solve all of society’s problems or its development needs, nor bear the full cost of doing so. Thus, a strategic approach is required. This chapter lays out an approach to engaging in sustainable development strategically, and describes how the automotive giant Toyota leverages market-based, regulatory-based, and operational-based actions to achieve sustainable development. Keywords: Corporate Social Responsibility; Sustainable Development; Corporate Responsibility; Social Responsiveness; Business Firm (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-16461-3_6 Ordering information: This item can be ordered from DOI: 10.1007/978-3-642-16461-3_6 Access Statistics for this chapter More chapters in Springer Books from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.