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Book part
Publication date: 14 September 2020

Virginia Munro

The Fourth Industrial Revolution has escalated innovation to new heights unseen, creating an evolution of innovation and corporate social responsibility (CSR), and as a result, a…

Abstract

The Fourth Industrial Revolution has escalated innovation to new heights unseen, creating an evolution of innovation and corporate social responsibility (CSR), and as a result, a more Innovative CSR. With this evolution comes also the evolution of the ‘Preneur’ from social entrepreneur to corporate social entrepreneur and corporate social intrapreneur. It is therefore important to acknowledge that social entrepreneurship is not just for the social sector, or start-up entrepreneur – corporations can also be social entrepreneurs. This chapter establishes an understanding of this possibility alongside solving wicked problems and challenges, and how to provide collaborative networks and co-creation experiences to assist others on this journey. More importantly, the chapter discusses how corporates can assist millennials (and Generation Z) by funding and incubating their innovative or social enterprise idea under the umbrella of CSR strategy, until it is ready to be released to the world. The chapter is supported by academic literature and business publications with suggestions for future research opportunities.

Details

CSR for Purpose, Shared Value and Deep Transformation
Type: Book
ISBN: 978-1-80043-035-8

Abstract

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Building Markets for Knowledge Resources
Type: Book
ISBN: 978-1-78635-742-7

Book part
Publication date: 25 January 2017

Abstract

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Building Markets for Knowledge Resources
Type: Book
ISBN: 978-1-78635-742-7

Book part
Publication date: 6 May 2024

Mehwish Ali, Majdi Hassen and Sarmad Saeed Sheikh

This study investigates the impact of corporate social responsibility (CSR) on corporate innovation. We selected the listed nonfinancial firms of South Asian Economies. The sample…

Abstract

This study investigates the impact of corporate social responsibility (CSR) on corporate innovation. We selected the listed nonfinancial firms of South Asian Economies. The sample of the study comprised a total of 426 listed manufacturing firms of South Asian Countries for period spans 10 years from 2012 to 2021. In this study, descriptive statistics, multicollinearity diagnostic tests, correlation analysis and two-step dynamic panel system generalized method of moments (GMM) were applied to analyze the data. CSR measured with three proxies' social indicators, environmental indicators, and CSR composite index of social and environmental indicators. However, corporate innovation is captured with number of citations received in a year and number of patents filed in the year. Overall, findings of the study using all measures of CSR shows that CSR significantly and positively related with corporate innovation. Our results find support for CSR-innovation view with all measures of CSR. The findings suggest that the current study is helpful for managers, regulators, policymakers, and researchers. For managers, the study helps them to make the CSR and innovation decision. The policymakers should take appropriate innovative decision while considering factors such as CSR. This study can also be extended by considering this study for developed and emerging economies sample.

Details

The Emerald Handbook of Ethical Finance and Corporate Social Responsibility
Type: Book
ISBN: 978-1-80455-406-7

Keywords

Article
Publication date: 1 September 1964

P.S. Macgregor

EVER since the inception of the hcavier‐than‐air flying machine, the need to refuel in flight has been apparent. The cartoon reproduced in fig. 1 was first published in Punch in…

Abstract

EVER since the inception of the hcavier‐than‐air flying machine, the need to refuel in flight has been apparent. The cartoon reproduced in fig. 1 was first published in Punch in 1909, at a time when the payload of the aeroplane was very small, due to the large tare weight of the airframe and engine. Present day aircraft have a much higher payload capability, in relation to tare weight, but it is still necessary to carry the energy for propulsion within the aircraft, with the result that long range can only be achieved at the expense of payload. The propulsion energy in orthodox aircraft has always been carried in the form of hydrocarbon fucls,bccause of their ready availability, high calorific value per pound weight and high calorific value per cubic foot. Work has been in progress for some years to develop solid fuel conversion, in the interests of saving weight and space, but such fuels are likely to be extremely expensive and potentially dangerous to handle. However, the problem remains that a consumable fuel source must be carried in the aircraft, with consequent reduction of payload or range. The use of nuclear engines for aircraft has been contemplated, but it seems probable that the weight of shielding and coolant, associated with this type of engine, will limit its use to very large aircraft.

Details

Aircraft Engineering and Aerospace Technology, vol. 36 no. 9
Type: Research Article
ISSN: 0002-2667

Article
Publication date: 16 March 2012

Steven P. MacGregor and Katherine Semler

The purpose of this paper is to present the authors’ approach to managerial experiential learning, sustainable executive performance (SEP) and attempt to situate the concept…

Abstract

Purpose

The purpose of this paper is to present the authors’ approach to managerial experiential learning, sustainable executive performance (SEP) and attempt to situate the concept within the business, societal, and managerial development context. SEP focuses on whole person mastery, particularly physiological and physiological‐psychological elements which are largely ignored in management education.

Design/methodology/approach

The narrative is based on several custom and executive MBA program implementations over the past 18 months within a leading global business school. In total, SEP has been delivered to over 500 senior managers in leading multinational companies. Such program experiences are backed up by the relevant literature in the field and wider executive education experiences over the past ten years.

Findings

The authors present SEP in the form of the experiential action learning cycle employed during its delivery. The stages of awareness, legitimacy and action provide insight to the evolution, supporting literature and content of the program.

Originality/value

Although the core content of the SEP program builds on existing work, the authors believe the trans‐disciplinary and integrative approach taken to be highly unique in management education on a global scale.

Article
Publication date: 15 August 2022

Patrizia Gazzola, Daniele Grechi, Matteo Ferioli and David Slavata

The purpose of this article is to investigate whether the corporate social responsibility (CSR) and innovation activity of Certified B Corps® is comparable to listed companies in…

Abstract

Purpose

The purpose of this article is to investigate whether the corporate social responsibility (CSR) and innovation activity of Certified B Corps® is comparable to listed companies in the Italian fashion industry.

Design/methodology/approach

The study includes a systematic literature review performed on Scopus® and combining keywords related to CSR and the fashion industry. Moreover, the literature review involves empirical analyses performed using a mixed-methods approach. First, a text-based content analysis was carried out on the companies' sustainability reports using the keyword scoring approach. The innovation index was then calculated, and multiple ordinary least squares (OLS) linear regressions were performed.

Findings

Based on the data available, it has emerged that Certified B Corps® who pursue a more significant number of SDGs are more likely to implement circular economy principles. Moreover, Certified B Corps® that have higher transparency standards and assume social responsibility practices also have higher innovation activity; in contrast, companies who used CSR only as a marketing tool have lower activity.

Research limitations/implications

The analyses were influenced by the coronavirus disease 2019 (COVID-19) pandemic, revealing weaker relationships between the variables, as the analyses involved 2020 data. Furthermore, although the analysis considers the entire population of Certified B Corps® and listed companies in the Italian fashion industry, the size of the sample analyzed influenced the results and insights. Therefore, the analysis does not allow for generalizability. Finally, the study was conducted on a single country whose economic and social contexts have influenced some variables.

Practical implications

The paper highlights some managerial implications. Managers should consider CSR to be an investment and an opportunity to survive the post-COVID-19 pandemic by applying the triple bottom line (TBL) approach in formulating strategies and increasing investments to develop sustainable innovations.

Originality/value

The article explores B Corps, which has received minimal attention in the literature, to propose a deeper understanding of the topic.

Details

Kybernetes, vol. 52 no. 12
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 October 2006

Steven P. MacGregor, Joseba Arana, Igor Parra and Ma. Pilar Lorenzo

Within the Mondragón Valley – an industrial heartland in the Basque Country, in the North of Spain – there has been a growing need for a practical model of the new product…

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Abstract

Purpose

Within the Mondragón Valley – an industrial heartland in the Basque Country, in the North of Spain – there has been a growing need for a practical model of the new product development (NPD) process which fulfils a variety of needs, notably the integration of strategy and technology considerations.

Design/methodology/approach

The paper is based on a review of the state of the art in the NPD field, focusing on the use and limitations of both established and newer models for guiding product development. This is combined with the experiences of managing real NPD projects for companies in the Mondragón Corporación Cooperativa over the past several years.

Findings

The paper presents the Ikerlan new product creation (NPC) model, designed primarily in response to area needs, which attempts to combine the most useful aspects of existing NPD models.

Research limitations/implications

In the first instance, the model is created for use by companies in the Mondragón Valley – therefore it may not be possible to generalise findings, yet the paper may be instructive in showcasing the real industrial innovation needs of a European region. The model evolved from several notable works in the NPD community which may address these limitations in part.

Practical implications

The model may be used as a basic guide for aspects including NPD outsourcing, idea generation and, ultimately, reducing time to market. This is specifically tailored to companies in the Mondragón Valley. However, depending on the operating context certain aspects may be transferable to other European areas.

Originality/value

The paper details the industrial context, introducing the Mondragón cooperative – the largest industrial cooperative in the world with over 100 companies in seven industrial sectors – the academic context, discussing state of the art in NPD processes and models, and concludes with short industrial cases which show the potential use of the developed model. As such, insight is presented into a European area with a tradition of innovation, together with some of the challenges it faces in the years ahead. A new NPD model, combining the most useful aspects of existing models may also be of use to certain members of the academic and industrial communities.

Details

European Journal of Innovation Management, vol. 9 no. 4
Type: Research Article
ISSN: 1460-1060

Keywords

Article
Publication date: 18 June 2024

Gaetano della Corte, Federica Ricci, Sara Saggese and Fabrizia Sarto

The study aims to empirically examine the effect of board industry expertise on environmental, social and governance (ESG) strategy, and the mediating role of environmental…

Abstract

Purpose

The study aims to empirically examine the effect of board industry expertise on environmental, social and governance (ESG) strategy, and the mediating role of environmental innovation.

Design/methodology/approach

Using an unbalanced sample of 341 publicly traded Italian non-financial firms and data collected from multiple sources over the period 2017–2021, this study applies single-mediator models via ordinary least squares regressions.

Findings

Results indicate that directors’ industry expertise improves the corporate orientation toward sustainability strategy that is reflected in ESG objectives. This effect is partly mediated by a greater level of environmental innovation.

Practical implications

The article suggests regulators to promote eco-innovation-friendly investment initiatives due to their value in advancing corporate sustainability strategies.

Originality/value

The research fills a gap in the literature that has never explored the effect of board industry expertise on sustainability-related outcomes. Moreover, it advances the debate on the implications of board human capital by assessing its influence on ESG strategy and environmental innovation.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

Keywords

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