How International Entrepreneurs Can Thrive on Social Responsibility

Frank Jan Graaf and Arnd Mehrtens

Chapter 9 in Social Responsibility, Entrepreneurship and the Common Good, 2012, pp 158-180 from Palgrave Macmillan

Abstract: Abstract In an attempt to identify the economic factors and business management practices that could help prevent major crises due to opportunism and risk-prone behavior, it makes sense to review a wide range of businesses, industrial sectors, and systems of governance. Corporate social responsibility (CSR) could be considered the only approach to integrate business ethics within a corporate strategy. Therefore, it is relevant to investigate the best practices that integrate a CSR dimension within a corporate strategy. To pursue the central theme of this book — the interrelationship between CSR, entrepreneurship, and the common good — we scrutinize the relationship between CSR and entrepreneurship in SMEs, particularly the internationally successful subclass of SMEs known as Hidden Champions. The objective is to develop benchmarking for CSR best practice that would be useful in preventing crises and promoting the common good. In this chapter the findings on Hidden Champions, CSR (Simon, Spence, 2007; Jenkins, 2006; Perrine et al., 2007; Preuss and Perschke, 2010), and SME-specific entrepreneurship are brought together for the first time to develop some propositions on SMEs’ special strengths with regard to CSR.

Keywords: Corporate Social Responsi; Business Ethic; Corporate Governance; Governance System; Corporate Social Performance (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35489-0_10

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DOI: 10.1057/9780230354890_10

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