Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-t5tsf Total loading time: 0 Render date: 2024-11-19T15:27:43.149Z Has data issue: false hasContentIssue false

Seven - Co-creating CR strategy

from Part III - Putting insight into action

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
Get access

Summary

Co-creating CR initiatives: Some background

In Chapter 5, the discussion focused on the importance of Usefulness, Understanding, and Unity as psychological levers that drive stakeholder reactions to CR; then Chapter 6 elaborated on closeness and other key stakeholder variables that help yield and magnify the desired CR outcomes. It is not a given, after all, that the outcome is always positive, as some variables can magnify a negative reaction, such as when a stakeholder feels cut off from the core of the company. This chapter, therefore, takes the next critical step, examining how to enhance Usefulness and Understanding and achieve a sense of Unity, with a special eye to involving stakeholders in the process of co-creating a company's CR initiatives to maximize the benefit to all.

In today's environment, there is demand for co-creation. Our research, presented in the following pages, shows quite convincingly that both employees and consumers are not content to be passive recipients or even “enablers” of the program. They want to be “enactors” who are actively engaged in co-creating CR initiatives with company personnel. Through co-creation, stakeholders become part of the solution, thereby reducing the gap between their expectations and the firm's response.

Type
Chapter
Information
Leveraging Corporate Responsibility
The Stakeholder Route to Maximizing Business and Social Value
, pp. 153 - 185
Publisher: Cambridge University Press
Print publication year: 2011

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Brugmann, J.Prahalad, C.K. 2007
Prahalad, C.K.Ramaswamy, V.Co-creating Unique Value with CustomersStrategy & Leadership 32 2004Google Scholar
Svendsen, A.Laberge, M.Jonkers, J.de Witte, M.C.The Challenge of Implementing Corporate Social ResponsibilityLondonPalgrave McMillan 2005Google Scholar
Bhattacharya, CBSen, S.Korschun, D. 2008 36
Kotler, P.Lee, N.Corporate Social Responsibility: Doing the Most Good for Your Company and Your CauseNew JerseyWiley 2005Google Scholar
Schau, H.J.Muniz, A.M.Arnould, E.J.How Brand Community Practices Create ValueJournal of Marketing 73 2009 30CrossRefGoogle Scholar
Cohen, D.Prusak, L.In Good Company: How Social Capital Makes Organizations WorkBostonHarvard Business School Press 2001
Jones, DavidChelsea, WillnessShannon, MacNeilCorporate Social Responsibility and Recruitment: Testing Person-Organization Fit and Signaling MechanismsAcademy of Management Proceedings 2009 1CrossRefGoogle Scholar
Muthuri, Judy N.Dirk, MattenJeremy, Moon“Employee Volunteering and Social Capital: Contributions to Corporate Social ResponsibilityBritish Journal of Management 2009 75CrossRefGoogle Scholar
Collier, JaneEsteban, RafaelCorporate Responsibility and Employee CommitmentBusiness Ethics: A European Review 2007 19CrossRefGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×