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Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Here's a question for business executives. In the twenty‐first century, what is the business of business? Is it still the case that, to borrow Milton Friedman's phrase, “the business of business is business”, meaning that all that really matters is shareholder value? Or, in a world where big companies can yield substantial financial, social and even political power, should it rather be business's business to take responsibility for social issues in their local and national communities?

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

The purpose of this paper is to call attention to the need to revitalize the systemic nature of corporate social responsibility (CSR) and offer some suggestions about how this might be accomplished. The authors introduce the concept of systemic CSR and associate it with micro-to-macro transitions, the need to make systemic objectives explicit and the responsibility of system participants to regulate their behavior to contribute to these outcomes.

The authors comment, from a systemic perspective, on four different management approaches to CSR – shareholder value, corporate social performance, stakeholder theory and corporate citizenship. Three general systemic principles that participants can use as decision-making guides are a focus on value creation, ongoing assessment of collective outcomes and reflective engagement in the aggregation process.

The authors observe that businesses routinely demonstrate their ability to think in systemic terms in strategic contexts that require it. If businesses can address systemic issues in these contexts, then they can also apply systemic logic in furtherance of collective (or system-level) objectives.

The authors propose an approach to CSR that emphasizes micro-to-macro transitions, the need to make systemic objectives explicit and the responsibility of system participants to regulate their behavior to contribute to these desired objectives. Systemic CSR is unique in its explicit focus on the micro-to-macro transition (i.e. the process of aggregation), systemic objectives and the need to actively insource responsibility for contribution to the realization of those objectives.

The purpose of this paper is to propose incorporating another theoretical perspective enabling corporate social responsibility (CSR) to be approached more structurally and with correspondingly broader impacts. Despite CSR being associated with competitive advantage and providing recognised sustainability related benefits, it is argued that the individual CSR results of each company and community acting separately remain insufficient not only in terms of individual competitiveness but also in terms of achieving a global and systemic improvement.

It is from this perspective that the clusters concept and the territorial social responsibility (SR) concept are advanced as susceptible to bringing important insights for advancing SR. This article seeks to reflect on the potential of SR networks for strengthening competitiveness and bringing about sustainable development. Based upon a theoretical review of the CSR literature, limitations are discussed before setting out alternative action strategies for the construction of networks focusing upon generating territorial dynamics within the logic of global sustainability.

The idea of CSR clusters and territorial SR presupposes groupings of companies located in the same territory and engaged in some degree of interaction with other local actors to optimise practices contributing towards sustained regional development in an integrated and global perspective. The definition of social goals shared by different actors structured within a network thus improves the design and implementation of actions that extend beyond a micro-scale of action, with significant benefits accruing to local communities. Analysis of these forms of social innovation, based on integrated CSR networks, constitutes the central objective of the present research.

This theoretical perspective is, in turn, based upon the assumption that only the consideration of a wider and more extensive conception of CSR, which aligns and guides various social actors (companies, civil society organisations and local authorities) and seeks to nurture integrated SR networks, will be able to drive development characterised by significant higher levels of sustainability.

These concepts (SR clusters and territorial SR) presuppose groupings of companies located in the same territory and engaged in some degree of interaction with other local actors are able to optimise practices contributing towards sustained regional development from an integrated and global perspective. The definition of social goals shared by different actors structured within a network thus improves the design and implementation of actions that extend beyond a micro-scale of action, with significant benefits accruing to local communities.

Considering a larger scope of intervention, connecting different social actors (companies, civil society organisations and local authorities) and working for the construction of a development model based on the concept of sustainability constitute the relevance of clusters to CSR and the SR of territories.

This article highlights the position that SR, to have any effective and widespread impact, has to extend beyond isolated actions uncoordinated with overall territorial development. The challenge involves establishing a connection between the business level and civil society organisations in which each acts within their own spheres and with their respective specific competences and skills whilst able to ensure cooperation and engagement in actions focussed upon improving the quality of life of the host community and bringing about cluster development in overall terms. This theoretical perspective is, in turn, based upon the assumption that only the consideration of a wider and more extensive conception of CSR, which aligns and guides various social actors (companies, civil society organisations and local authorities) and seeks to nurture integrated SR networks, will be able to drive development characterised by significantly higher levels of sustainability.

Written in response to many enquiries about how the social audit is linked to quality control issues, reviews the developmental history of the social audit and its links to government regulations. Discusses and analyses ethical dilemmas.

Top managers should be future‐oriented and capable of sharing the “big picture” with their people. They need to be bridge builders, able to lead the workforce out of the industrial and into the post‐industrial age.

In recent years, Corporate Social Responsibility (CSR) has emerged as a prominent endeavour in numerous enterprises and organizations. The purpose of this article is to investigate the theoretical aspects of CSR's commercial significance, as well as to identify and analyse CSR practices during COVID-19 in Bangladesh and Singapore. Government funding alone may not be sufficient to offset any adversity's economic and other consequences. Hence, CSR has evolved. This article examines what role CSR played during the difficult COVID-19 pandemic in two countries. The private sector made significant contributions through CSR to healthcare infrastructure and mitigating the economic burden of COVID-19 in both countries.

We contribute to the emerging literature on strategic corporate social responsibility (CSR) and its antecedents by undertaking a systematic analysis of the effect of rivalry on firm and industry CSR. We deal with the codetermination of competition and CSR by using instrumental variables in the firm-level analysis and by modeling it directly in the industry-level analysis. We find that higher intensity of rivalry and CSR of competitors increase firm CSR, ceteris paribus; however, in a more dynamic setting when firms can change their production output, more competition in fact decreases aggregate industry CSR. While seemingly contradictory, these findings suggest interesting implications for both managers and public policy makers.

The rise of corporatisation poses a new challenge for equal opportunities as women struggle to participate in corporate governance. Traditionally, the corporate model was confined to the private sector which is now strongly driven by a prevailing ideology of economic de‐regulation. A consequence of laissez faire economics is that the private sector is assuming greater responsibility for political and economic development as the state sheds power and loses its legitimacy for some functions. Market liberalism has also widened the ambit of the corporate model which is now increasingly applying to the public sector. For example, in New Zealand 56 crown companies have converted to the corporate model with compelling legislation which prioritises profitability over social responsibility (Taggart, 1993). Both private and public sector trends elevate the social and political significance of how corporates are governed and the question of women's participation in the process as directors of boards.

This paper aims to provide a more holistic perspective on rationales that motivated Maybank to move toward a sustainable banking operating system.

The case study was based on primary data collected through a series of qualitative interview with 35 bankers who were from different departments. Besides, the secondary data such as academic books and journals, government and regulatory authority’s publications, website publications, Maybank’s annual reports and Maybank’s sustainability reports were reviewed to obtain a more comprehensive understanding on rationales that motivated Maybank to move toward a sustainable banking operating system.

Within the corporation studied, the rationales for moving Maybank toward sustainable banking operating system are driven by macro-, meso- and micro-level drivers. In terms of macro-level drivers, the pressures come from the bank’s external environment. A PESTLE analysis is used to discuss the drivers for change present within the macro environment. The different national government bodies and non-government organizations are calling upon financial institutions to implement more socially and environmentally friendly lending policies. In terms of meso-level drivers, stakeholders are viewed as important driving forces for Maybank to integrate sustainability into banking operations. Internal driving forces are likely to emanate from employees, the board of directors and shareholders. External driving forces result from pressure from customers, governments, competitors, NGOs and society at large. Micro-level drivers are drivers of sustainable banking that include pressures generated from within the bank’s internal environment. Maybank is largely motivated by its mission statement and vision statement, which is articulated in their sustainable banking agenda.

Viewing the rationales that motivated Maybank to move toward a sustainable banking operating system through multiple perspectives – macro-, meso- and micro-level drivers present an interesting approach for research.

The rationales for moving Maybank toward a sustainable banking operating system are driven by macro-, meso- and micro-level drivers. This paper provides fresh insight into rationales that move toward the sustainable banking operating system.

Raises the question of how education and research within the field of librarianship should be organized, which role should/could the study and research within the perspective of libraries in society play within LIS and how the societies in the American‐British‐Nordic context are developing in questions of democracy. Raises further questions concerning what the library associations and IFLA do to strengthen the work for democracy in the libraries, which interests govern the development of LIS, and whether there is there a risk that the engagement in professional status has made the educators and researchers within LIS less interested in the needs of the underprivileged in our societies for culture and information. These are discussed in the context of the experiences at the Swedish School of Library and Information Studies.