CSR Should Stand for Company Stakeholder Responsibility
While more and more businesses embrace Corporate Social Responsibility (CSR) principles, R. Edward Freeman of The Darden School, University of Virginia, and S. Ramakrishna Velamuri of IESE Business School claim that the CSR concept as it is understood today is just superfluous. Their paper “A New Approach to CSR: Company Stakeholder Responsibility” proposes to replace “Corporate Social Responsibility” with an idea called “Company Stakeholder Responsibility”, … [ Read more ]
Content: Article | Authors: R. Edward Freeman, S. Ramakrishna Velamuri | Source: IESE Insight | Subject: Social Responsibility (ESG)
Birth of New Firms: Knowledge is Key
Ever since Ronald Coase posed the question in 1937 -“Why do firms exist?”-, all the answers given have explained the genesis of firms oÂnly in terms of the need to economize oÂn costs, such as transaction costs, agency costs, and supervision and monitoring costs. In their paper “Dispersed Knowledge and an Entrepreneurial Theory of the Firm”, Nicholas Dew of the Naval Postgraduate School, S. Ramakrishna … [ Read more ]
Content: Article | Authors: Nicholas Dew, S. Ramakrishna Velamuri, Sankaran Venkataraman | Source: IESE Insight | Subject: Entrepreneurship