| Stakeholders in CSR Reviewed |
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| Thursday, 26 November 2009 | |
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The Boston College Center for Corporate Citizenship has released a review of stakeholders' and pressure groups' influences in nine countries. The research reflects dynamics such as the spread of market capitalism, increasing wealth and power of business, the mounting pressure for companies to take on greater social and environmental responsibilities and the growing public distrust of business. The report "Mapping Stakeholder Landscapes " describes how stakeholders differ around the world and the need to balance the variation at the local level with interests shared globally. The report is the result of a one-year research project by the Global Education Research Network (GERN), a network of 12 global institutions, including the Boston College Center, focused on responsible business working together. Funded by the UPS Foundation, this is the second report on global corporate citizenship produced by the GERN. While many business practices are shared universally, social and political realities that can affect the way business is managed can vary greatly among countries. The new report helps corporate social responsibility (CSR) leaders understand differences such as:
Research and policy director for the Boston College Center, Chris Pinney, said, "This is essential reading for business leaders. Companies that understand where the support and pressure for corporate
citizenship is coming from are better able to map strategies and devise
programs that meet the interests of the company and key stakeholders."
The report also provides details, analysis and charts for each country regarding how stakeholders influence issues ranging from market entry to production practices, advertising, community relations and employment. The nine countries examined are: Chile, China, Germany, Italy, Mexico, the Philippines, South Africa, United Kingdom and United States. It also provides country-specific analysis of the levers of influence used by groups as diverse as government, investors, nongovernmental organizations, labor, media and consumers. Download the report for free (registration required). |