For business or the good of all? A Finnish approach to corporate social responsibility

For business or the good of all? A Finnish approach to corporate social responsibility The study suggests that the prominent driving force behind corporate social responsibility (CSR) is companies’ long‐term profitability, supported by company leadership and efficiency, competitiveness, and the ability to anticipate the future. The long evolution of Finnish companies since the 18th century has created fertile ground for responsibility. Despite the absence of significant moral or ethical guidance, the thinking of the participating companies was for the most part business‐oriented. The management and organization of CSR appeared to be professional and efficient. CSR was found to be optimal at the highest level of the organizations studied, and the commitment of the top management unquestionable. The present status of CSR seemed to exist more on the theoretical than the practical level. Implementation was seen as a major challenge for the future. The jungle of standards and measurement instruments is a serious problem. Communication was narrowly viewed and technical, and the prevailing paradigm was rather mechanistic. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Corporate Governance Emerald Publishing

For business or the good of all? A Finnish approach to corporate social responsibility

Corporate Governance, Volume 4 (3): 12 – Sep 1, 2004

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
1472-0701
D.O.I.
10.1108/14720700410547477
Publisher site
See Article on Publisher Site

Abstract

The study suggests that the prominent driving force behind corporate social responsibility (CSR) is companies’ long‐term profitability, supported by company leadership and efficiency, competitiveness, and the ability to anticipate the future. The long evolution of Finnish companies since the 18th century has created fertile ground for responsibility. Despite the absence of significant moral or ethical guidance, the thinking of the participating companies was for the most part business‐oriented. The management and organization of CSR appeared to be professional and efficient. CSR was found to be optimal at the highest level of the organizations studied, and the commitment of the top management unquestionable. The present status of CSR seemed to exist more on the theoretical than the practical level. Implementation was seen as a major challenge for the future. The jungle of standards and measurement instruments is a serious problem. Communication was narrowly viewed and technical, and the prevailing paradigm was rather mechanistic.

Journal

Corporate GovernanceEmerald Publishing

Published: Sep 1, 2004

Keywords: Corporate communications; Public relations; Social responsibility; Citizenship; Globilization; Finland

References

  • Corporate social responsibility and economic performance in the top British companies: are they linked?
    Balabanis, G.; Phillips, H.; Lyall, J.
  • Differences between public relations and corporate social responsibility: an analysis
    Clark, C.I.
  • Roadmapping Corporate Social Responsibility in Finnish Companies
    Panapanaan, V.; Linnanen, L.; Karvonen, M.‐M.; Phan, V.T.
  • Ownership, responsibility and leadership – a historical perspective
    Takala, T.

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