What Good Is CSR Now?
In the 1990s firms rolling out corporate social responsibility (CSR) initiatives could count on positive financial returns — if they were willing to stick their necks out and accept the risk. Flash forward to today, CSR is now considered table stakes for organizations in most industries, but there’s generally little profit to be found.
Jacob Brower, assistant professor of marketing at Smith School of Business, discusses the evolution of CSR into what is now largely a reputation management tool. Offering an overview of his research, Brower challenges the assumption that CSR should be seen as a strategic resource that can improve bottom line performance. He helps leaders develop a more realistic view of the benefits and risks of pursuing a social responsibility agenda.
Participants will learn:
• How to clarify CSR’s true value proposition
• Where risks remain for certain stakeholder groups
• How some firms can still differentiate on the basis of CSR
• What we still need to know about how CSR is evolving