Managing corporate responsibility globally and locally: Lessons from a CR leader

Corporate Responsibility (CR) is today an essential component of corporate global strategy. CR can bolster the institutional context for market expansion fill institutional voids or facilitate market entry as a component of non-market strategy. Yet, in fulfilling these functions, CR may need to be h...

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Veröffentlicht in:Business and politics 2012-10, Vol.14 (3), p.1-29
Hauptverfasser: Brown, Dana, Knudsen, Jette Steen
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container_title Business and politics
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creator Brown, Dana
Knudsen, Jette Steen
description Corporate Responsibility (CR) is today an essential component of corporate global strategy. CR can bolster the institutional context for market expansion fill institutional voids or facilitate market entry as a component of non-market strategy. Yet, in fulfilling these functions, CR may need to be highly sensitive to local contexts. How can transnational firms organize CR so as to maximize efficiencies from globalization and to minimize the fragmentation of corporate organizational cultures? provide a framework for analyzing the way that corporations coordinate global and local functions. We build on this framework in a case study of Novo Nordisk and its approach to determining global and local CR policies and procedures with regard to its China and US subsidiaries. Our findings suggest that it is important for companies to define a common set of organizational norms. In addition, CR need to be sensitive to local institutional contexts, but learning from subsidiary experience is important and lends itself to standardization and replication of initiatives across market contexts.
doi_str_mv 10.1515/bap-2012-0021
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source Worldwide Political Science Abstracts; Cambridge University Press Journals Complete
subjects Business administration
Corporate Responsibility, Multinational Corporations, and Nation States
Corporations
Economics and Finance
Efficiency
Enterprises
Globalization
Humanities and Social Sciences
Markets
Novo Nordisk AS
Peoples Republic of China
Replication
Transnationalism
United States of America
title Managing corporate responsibility globally and locally: Lessons from a CR leader
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