TY  - JOUR
AB  - Purpose–A new era for development is needed and business needs to play a significant role in this era. This paper aims to provide insights into the necessary conditions for such a new era of development and specifically the potential contribution of business and academia.Design/methodology/approach–This explorative study is based on expert interviews and the summary of the discussion of the EABIS Colloquium 2011 (“Corporate Responsibility and Developing Countries”).Findings–Innovative companies are moving from building “shareholder value” to “shared value” for all stakeholders; from “quarterly capitalism” to “long‐term capitalism”. They are also providing resources, open access systems and capital to entrepreneurs and communities to support technology and knowledge transfers. Companies that integrate future development concerns into their business model will be ideally placed to secure long‐term licences to operate, develop loyal new consumer bases, and innovate in new market segments.Research limitations/implications–The methodology only allows preliminary findings for now. More research (also on the ground) will be needed to identify the necessary strategies business has to adopt to play a potent role in a new era for development.Originality/value–The paper is based on a rich set of data and combines these findings with the thinking of the EABIS Colloquium 2011. It can be the basis for future research.
VL  - 12
IS  - 4
SN  - 1472-0701
DO  - 10.1108/14720701211267766
UR  - https://doi.org/10.1108/14720701211267766
AU  - Lenssen Joris‐Johann
AU  - Van Wassenhove Luk N.
ED  - Gilbert Lenssen
ED  - Luk Van Wassenhove
ED  - Simon Pickard
ED  - Joris‐Johann Lenssen
PY  - 2012
Y1  - 2012/01/01
TI  - A new era of development: the changing role and responsibility of business in developing countries
T2  - Corporate Governance: The international journal of business in society
PB  - Emerald Group Publishing Limited
SP  - 403
EP  - 413
Y2  - 2024/04/18
ER  -