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Four - What stakeholders see and hear

from Part II - Inside the mind of the stakeholder

Published online by Cambridge University Press:  05 June 2012

C. B. Bhattacharya
Affiliation:
European School of Management and Technology
Sankar Sen
Affiliation:
City University of New York
Daniel Korschun
Affiliation:
Drexel University, Philadelphia
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Summary

Interested readers already know that there are innumerable ways in which companies enact their commitment to serve society. This chapter focuses on how stakeholders learn about CR and what characteristics of CR stakeholders are looking for when they evaluate socially responsible activity. Such information is vital to know, because what managers care about may be very different from what stakeholders care about. Moreover, what companies think they are saying may be quite different from what stakeholders are seeing and hearing.

There are two aspects of communications that CR managers need to be aware of in order to have the impact they need for success:

  • First, they must understand what CR characteristics stakeholders look for as they evaluate CR activity. This is important because it enables managers to make these characteristics prominent in communications.

  • Second, managers must understand that stakeholders acquire information from a variety of communication channels. Getting a handle on the costs and benefits of these channels is the first step to designing integrated communications campaigns for stakeholders. We now look at each of these aspects in turn.

Type
Chapter
Information
Leveraging Corporate Responsibility
The Stakeholder Route to Maximizing Business and Social Value
, pp. 69 - 84
Publisher: Cambridge University Press
Print publication year: 2011

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References

Kotler, P.Lee, N.Corporate Social Responsibility: Doing the Most Good for Your Company and Your CauseHobokenWiley & Sons, Inc. 2004Google Scholar
Margolis, J.D.Walsh, J.P.Misery Loves Companies: Rethinking Social Initiatives by BusinessAdministrative Science Quarterly 48 2003 268CrossRefGoogle Scholar
Orlitzky, M.Schmidt, F.L.Rynes, S.L.Corporate Social and Financial Performance: A Meta-AnalysisOrganization Studies 24 2003 403CrossRefGoogle Scholar
McElhaney, Kellie AJust Good Business: The Strategic Guide to Aligning Corporate Responsibility and BrandBerrett-Koehler 2008Google Scholar
Buytendijk, FrankPerformance Leadership: The Next Practices to Motivate Your People, Align Stakeholders, and Lead Your IndustryMcGraw Hill 2008Google Scholar
Lakin, NickVeronica, Scheubel 2010

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