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The new political role of business in a globalized world: a call for a paradigm shift in CSR


Scherer, A G; Palazzo, G (2008). The new political role of business in a globalized world: a call for a paradigm shift in CSR. In: Academy of Management Annual Meeting, Anaheim, California, USA, 8 August 2008 - 13 August 2008.

Abstract

Mainstream theorizing in management and economics is based on the assumption that business firms focus on profits only, while it is the task of the state system to provide public goods and to regulate the economy in such a way that business activities contribute to the common good. Business firms are conceived of as private actors and governments and their state agencies are considered the only political actors. We suggest that under the conditions of globalization the strict division of labor between private business and nation state politics does not hold any more. Many business firms have started to assume social and political responsibilities that go beyond legal requirements and fill the regulatory vacuum in global governance. Therefore, we advocate a paradigm shift in research on the role of business in society.

Abstract

Mainstream theorizing in management and economics is based on the assumption that business firms focus on profits only, while it is the task of the state system to provide public goods and to regulate the economy in such a way that business activities contribute to the common good. Business firms are conceived of as private actors and governments and their state agencies are considered the only political actors. We suggest that under the conditions of globalization the strict division of labor between private business and nation state politics does not hold any more. Many business firms have started to assume social and political responsibilities that go beyond legal requirements and fill the regulatory vacuum in global governance. Therefore, we advocate a paradigm shift in research on the role of business in society.

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Additional indexing

Item Type:Conference or Workshop Item (Paper), refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Event End Date:13 August 2008
Deposited On:09 Feb 2009 08:22
Last Modified:05 Apr 2017 00:31
Additional Information:Dieses Paper wurde auch präsentiert an der Jahrestagung 2008 der Wissenschaftlichen Kommission „Internationales Management“, Vienna, Austria, 22-23 February 2008. View research and articles of the Author Andreas Georg Scherer on SSRN Author page: http://ssrn.com/author=721161
Official URL:http://meeting.aomonline.org/2008/
Related URLs:http://www.vhb-im.org
http://www.hec.unil.ch/irm/Research/WP0811.pdf
http://ssrn.com/author=721161 (Author)

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