Corporate social responsibility and sustainability in the context of change – influence of the stakeholder theory

Emmanuel Jeffrey Dzage and Anita Pierog
Additional contact information
Emmanuel Jeffrey Dzage: Faculty of Economics and Business, University of Debrecen, Hungary
Anita Pierog: Faculty of Economics and Business, University of Debrecen, Hungary

SEA - Practical Application of Science, 2023, issue 33, 153-164

Abstract: As the discourse on corporate social responsibility (CSR) and sustainability in business continues to progress, it is becoming increasingly mandatory for business leaders to consider playing a more active role in leading and addressing the socioeconomic challenges business activities might visit on the larger society and its stakeholders. In such a context, the strategic importance of integrating CSR and sustainability initiatives into business operations amidst radical change, heightened stakeholder activism and intense competition cannot be overemphasized. As this shift requires making significant changes to the traditional ways of doing things within the organization, there is bound to be a change resistance. Through a purely narrative review of previous literature, this paper maps out how the pursuit of CSR and sustainability in basic business operations is shaped by organizational change management (OCM) and examines how the stakeholder theory underscores an understanding of the interception between the ethical and economic interests of a business.

Keywords: business ethics, CSR, OCM, stakeholder theory, sustainability, three stages of change (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://seaopenresearch.eu/Journals/articles/SPAS_33_1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2023:i:33:p:153-164

Access Statistics for this article

SEA - Practical Application of Science is currently edited by Romanian Foundation for Business Intelligence

More articles in SEA - Practical Application of Science from Romanian Foundation for Business Intelligence, Editorial Department
Bibliographic data for series maintained by Serghie Dan ().