Sustainable Value Creation

 
Edition number: 2, New edition
Publisher: Routledge
Date of Publication:
 
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Short description:

This book is designed as an easy-to-digest, critical introductory text to sustainable value and CSR. To internalize the ten principles of Sustainable Value Creation is to understand how the firm can respond to stakeholder needs to optimize value creation over the medium to long term.


 


 

Long description:


The goal of this book is to define Sustainable Value Creation in terms of a set of principles that differentiate it from existing definitions of CSR, and from related concepts such as sustainability and business ethics. To internalize these ten principles is to understand how the firm can respond to stakeholder needs to optimize value creation over the medium to long term.


Ultimately, this second edition book aims to reform both business practice and business education. By building a theory that redefines CSR as central to the value creation process, the ten principles of Sustainable Value Creation redefine how firms approach each of their operational functions, but also how these subjects should be taught in universities worldwide. As such, this book will hopefully be of value to instructors as a complement to their teaching, students as a guide in their education, and managers as a framework to help them respond to the complex, dynamic context that they are expected to navigate every day.


This book is a manifesto for success in today?s complex, dynamic business environment. The book is designed as an easy-to-digest, critical introductory text to CSR. With supporting online teaching resources, it is aimed primarily at the MBA and Executive MBA market, and for CSR, sustainability, and business ethics courses taught by instructors skeptical of existing definitions and organizing principles of CSR, sustainability, or business ethics.

Table of Contents:

Foreword

Acknowledgments *


Introduction: Corporate Social Responsibility


 


Principle 1: Business is social progress


 


Principle 2: Shareholders do not own the firm


 


Principle 3: Prioritizing competing stakeholder interests is difficult


 


Principle 4: CSR is a stakeholder responsibility


 


Principle 5: Market
-based solutions are optimal


 


Principle 6: Profit = total value


 


Principle 7: The free market is not free


 


Principle 8: Only business can save the planet


 


Principle 9: Value creation is not a choice


 


Principle 10: The business of business is business


 


Conclusion: Sustainable Value Creation


 


About the author


Notes