Towards Strategic Stakeholder Management? Integrating Perspectives on Corporate Responses to Climate Change
Corporate Governance: The International Journal of Business in Society, Vol. 7, No. 4, pp. 370-378, 2007
17 Pages Posted: 28 Mar 2007 Last revised: 23 Oct 2014
The strategic management of corporate sustainability tends to be approached from one theoretical perspective simultaneously in academic research and publications in mainstream journals. In corporate practice, however, a sustainability issue has different dimensions that cannot be captured if only one such lens is taken. This paper uses climate change as an example to illustrate how institutional, resource-based, supply chain and stakeholder views are all important to characterise and understand corporate strategic responses to one issue. It aims to develop a more integrated perspective, embedded in a stakeholder view that forms the starting point. This is subsequently linked to the climate strategies and related capabilities of companies, reckoning with societal and competitive contexts. The paper provides an overview of the different elements relevant to corporate strategy and climate change, and, for academic purposes, proposes areas for further empirical research.
Keywords: stakeholder; stakeholder view; institutions; supply chain; resource-based view; strategy; climate change
JEL Classification: F23, G38, H7, H79, L1, L2, M1, O33, O38, Q2, Q4
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