Read the following papers which offer different explanations as to why firms engage in corporate social responsibility (CSR):
– Dimaggio, PJ & Powell, WW 1983, ‘The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields’ (Links to an external site.), American Sociological Review, Vol. 48, No. 2, pp. 147-160.
– Freeman, ER 2008, ‘Managing for stakeholders’ (Links to an external site.), in T Donaldson & P Werhane (eds), Ethical issues for Business, Pearson Prentice Hall, Upper Saddle River, pp. 39-53.
– Matten, D & Moon, J 2008,’ ‘Implicit and explicit’ CSR: A conceptual framework for a comparative understanding of corporate social responsibility’ (Links to an external site.), Academy of Management Review, 33(2), 404-424.
– Mitchell, RK, Agle, BR & Wood, DJ 1997, ‘Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts’ (Links to an external site.), Academy of Management Review, 22: 853-886.
– Suchman, MC 1995, ‘Managing legitimacy: Strategic and institutional approaches’, (Links to an external site.) Academy of Management Review, 20(3), 571-610.
Compare and contrast these course readings and produce a 1000 word critical reflection on course literature about what corporate social responsibility is, what it is not, and what drives corporations to engage in CSR.
In this critical reflection you should provide a reasoned explanation for choosing the perspective(s) that you believe best explain why firms engage in CSR.
