Contradictory stakeholder expectations for sustainability reporting – a social contract theory approach

Joensuu, Kristiina; Mäkelä, Marileena; Onkila, Tiina

doi:10.4337/9781788116855.00009

Cited by 2 publications

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“…Teece (2018) emphasizes that designing good business models requires a deep understanding of customers' needs as well. One of the main challenges in FBS is that transition towards more versatile business models and expanded product portfolios also means greater variations in stakeholders' views, which in turn creates further challenges to fulfilling the possibly conflicting demands of stakeholders (Mikkilä, 2006;Joensuu et al, 2018).…”

Section: Strategic Evolution and Future Development Of Fbs Businesses: Creating Stronger Stakeholder And Sustainability Orientationmentioning

confidence: 99%

Finnish forest-based companies in transition to the circular bioeconomy - drivers, organizational resources and innovations

Näyhä

2020

Forest Policy and Economics

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Forest-based businesses are the center of the transition to the sustainable and competitive circular bioeconomy in Finland. This study explores the transition of Finnish FBS firms to new business models, with a focus on the organizational resources and capabilities needed for transition. It also identifies the important elements in the business environment and the role of innovations in this process. The study uses thematic interviews with managers from various FBS firms and companies from interfacing sectors, all of which have operations in Finland. Despite the differences between firms, the study finds many common drivers and resources that FBS companies highlight as significant in the transition. The study results indicate that intangible and human resources are essential for the transition. An innovative, agile, flexible and encouraging organizational culture is a crucial resource. The culture should be supported by non-hierarchical top management and inspiring employees (so-called power people). Communication and marketing skills, and innovations developed by teams with diverse knowledge are essential. To successfully manage the transition, companies need a deep understanding of what the markets and society require, and they must develop long-term competiveness through future-oriented strategic thinking. Pursuing sustainability and innovativeness in internal as well as external organizational environment are essential factors. The study presents insights for the researcher community and many societal actors as well as recommendations for the FBS companies to facilitate the transition to new circular bioeconomy businesses. It also contributes to the resource-based perspectives literature, particularly the dynamic capabilities approach.

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Section: Strategic Evolution and Future Development Of Fbs Businesses: Creating Stronger Stakeholder And Sustainability Orientationmentioning

confidence: 99%

Finnish forest-based companies in transition to the circular bioeconomy - drivers, organizational resources and innovations

Näyhä

2020

Forest Policy and Economics

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“…These concepts and approaches, in our opinion, have a number of similarities: Most of them have a triune approach (models triple bottom line, TBL, or 3BL) with its usual division into three areas: economic, environmental and social; Business representatives are perceived as 'agents of change', taking responsibility for solving urgent problems of the society (including sustainable development issues such as responsible consumption and production, development of society and solving environmental problems) [10]; Responsibility of business is considered as a set of commitments of individual companies or entire business groups within the framework of decisions of socially important (stakeholder) issues at regional, national, and in some individual cases global levels; In most cases they emphasize the principle of win-win strategy (general strategy of benefits), where the selected model of behavior is mutually beneficial both for business and for their stakeholders; Some researchers view the company's sustainable development as a business model [11]. Stakeholder approach is used in almost all presented directions [12]; The term corporate sustainability is used in related approaches as the main condition for successful and long-term existence of business: achievement of sustainability (in particular financial), of competitiveness, of high capitalization and value of stock. Contribution to the welfare of society or to part of it serves as one of the challenges of modern business (in this case they only change its scale from promoting global sustainable development to improvement of the quality of life of its own key stakeholders or local communities).…”

Section: Body Of Papermentioning

confidence: 99%

Corporate Social Responsibility and Sustainable Development of Modern Russian Companies As A Challenge of Business Globalization

Белоусов

2020

SHS Web Conf.

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This paper investigates comparative analysis in order to trace approaches to interpretation of the content and principles of sustainable development due to increasing number of companies, declaring their commitment to the principles of sustainable development. I review a degree of compliance of Russian companies to international and national standards, relevant to practices of leading companies, a degree of involvement of Russian companies in general sustainable development. Particular interest lays in the study of influence of social responsibility of business, socially responsible sustainable development on the company. This line of research is only beginning to emerge in Russia. Interpretation of corporate social responsibility role allows a different look at the phenomenon of social responsibility and its role in sustainable development. Russian companies quickly accepted the concept of sustainable development, as well as the corresponding terminology. It is important to trace now how basic ideas and principles of sustainable development are reflected in the company’s strategy and implemented in practice. By analyzing non-financial reporting I will introduce ways, tendencies and problems of corporate social responsibility implementation by Russian companies.

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Contradictory stakeholder expectations for sustainability reporting – a social contract theory approach

Cited by 2 publications

References 0 publications

Finnish forest-based companies in transition to the circular bioeconomy - drivers, organizational resources and innovations

Finnish forest-based companies in transition to the circular bioeconomy - drivers, organizational resources and innovations

Corporate Social Responsibility and Sustainable Development of Modern Russian Companies As A Challenge of Business Globalization

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