Commitment Strategies for Sustainability: How Corporations Can Create Value through New Governance
Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review
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Academy of Management Annual Meeting Best Paper Proceedings. Vol. 2011 Academy of Management (Briarcliff Manor, NY) , 2011. (Academy of Management Annual Meeting Proceedings; Vol. 2011).
Research output: Contributions to collected editions/works › Article in conference proceedings › Research › peer-review
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RIS
TY - CHAP
T1 - Commitment Strategies for Sustainability
T2 - 71st Annual Meeting of the Academy of Management - AOM 2011
AU - Beckmann, Markus
AU - Pies, Ingo
AU - Hielscher, Stefan
N1 - Conference code: 71
PY - 2011
Y1 - 2011
N2 - This article develops an ordonomic concept of how corporations can create sustainable value through new governance. The paper weaves together new strands of research in business ethics with the current debate on sustainability. The argument is made in three steps. The first step sketches how the sustainability semantics has evolved from a sociopolitical searchlight to a heuristics for business policy and practice. Elaborating a key proposition of the ordonomic perspective on business ethics, the second step argues that business firms can use moral commitments as a factor of production by deploying individual or collective self-commitments as well as commitment services in processes of new governance. In the third step, we combine these four moral commitments with the three ESG (‘ecological, social, and governance’) criteria of sustainability and derive a 12-box matrix for commitment strategies. We use three case studies to illustrate how this ordonomic matrix can be used to enhance strategic management for corporate sustainability.
AB - This article develops an ordonomic concept of how corporations can create sustainable value through new governance. The paper weaves together new strands of research in business ethics with the current debate on sustainability. The argument is made in three steps. The first step sketches how the sustainability semantics has evolved from a sociopolitical searchlight to a heuristics for business policy and practice. Elaborating a key proposition of the ordonomic perspective on business ethics, the second step argues that business firms can use moral commitments as a factor of production by deploying individual or collective self-commitments as well as commitment services in processes of new governance. In the third step, we combine these four moral commitments with the three ESG (‘ecological, social, and governance’) criteria of sustainability and derive a 12-box matrix for commitment strategies. We use three case studies to illustrate how this ordonomic matrix can be used to enhance strategic management for corporate sustainability.
KW - Sustainability sciences, Management & Economics
U2 - 10.5465/AMBPP.2011.65870411
DO - 10.5465/AMBPP.2011.65870411
M3 - Article in conference proceedings
VL - 2011
T3 - Academy of Management Annual Meeting Proceedings
BT - Academy of Management Annual Meeting Best Paper Proceedings
PB - Academy of Management (Briarcliff Manor, NY)
Y2 - 3 August 2011 through 16 August 2011
ER -