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 |
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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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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.</description><subject>Business administration</subject><subject>Corporate Responsibility, Multinational Corporations, and Nation States</subject><subject>Corporations</subject><subject>Economics and Finance</subject><subject>Efficiency</subject><subject>Enterprises</subject><subject>Globalization</subject><subject>Humanities and Social Sciences</subject><subject>Markets</subject><subject>Novo Nordisk AS</subject><subject>Peoples Republic of China</subject><subject>Replication</subject><subject>Transnationalism</subject><subject>United States of America</subject><issn>1369-5258</issn><issn>1469-3569</issn><issn>1469-3569</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2012</creationdate><recordtype>article</recordtype><sourceid>7UB</sourceid><recordid>eNp1kE1v1DAQhiMEEqXlyBkf4RDq7yTcqi200LQFVBA3a-JMFhdvHOwsYv89jrZaTpzm1eiZV6OnKF4w-oYppk47mEpOGS8p5exRccSkbkqhdPM4Z5Gz4qp-WjxL6Z5SVgnKj4pP1zDC2o1rYkOcQoQZScQ0hTG5znk378jahw683xEYe-KDXfJb0mJKGSJDDBsCZPWFeIQe40nxZACf8PnDPC6-vn93t7os29uLD6uztrSKNnMpB1mj6BWVViGABTkMva0lYMdzpqDAUi5qVTWi0lTrvpKilkKjFqynWhwXr_e9P8CbKboNxJ0J4MzlWWuWXb5mvKnFb5bZV3t2iuHXFtNsNi5Z9B5GDNtkGK-FFpo2C1ruURtDShGHQzejZrFssmWzWDaL5cy_3PNow-jSga5EFs-U_v6v0aUZ_xwAiD-NrkSlzOc7aa7E-c1N-_Gbucj86cMHsOmi69do7sM2jlnmf374C_FUl4Q</recordid><startdate>20121001</startdate><enddate>20121001</enddate><creator>Brown, Dana</creator><creator>Knudsen, Jette Steen</creator><general>Cambridge University Press</general><general>De Gruyter</general><scope>BSCLL</scope><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7UB</scope><scope>1XC</scope><scope>BXJBU</scope></search><sort><creationdate>20121001</creationdate><title>Managing corporate responsibility globally and locally: Lessons from a CR leader</title><author>Brown, Dana ; Knudsen, Jette Steen</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c509t-4f48e3d504c5eaaca4ffdc84aeb2a4f0a5ac0238579376066d7438436e631d063</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2012</creationdate><topic>Business administration</topic><topic>Corporate Responsibility, Multinational Corporations, and Nation States</topic><topic>Corporations</topic><topic>Economics and Finance</topic><topic>Efficiency</topic><topic>Enterprises</topic><topic>Globalization</topic><topic>Humanities and Social Sciences</topic><topic>Markets</topic><topic>Novo Nordisk AS</topic><topic>Peoples Republic of China</topic><topic>Replication</topic><topic>Transnationalism</topic><topic>United States of America</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Brown, Dana</creatorcontrib><creatorcontrib>Knudsen, Jette Steen</creatorcontrib><collection>Istex</collection><collection>ECONIS</collection><collection>CrossRef</collection><collection>Worldwide Political Science Abstracts</collection><collection>Hyper Article en Ligne (HAL)</collection><collection>HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société</collection><jtitle>Business and politics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Brown, Dana</au><au>Knudsen, Jette Steen</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Managing corporate responsibility globally and locally: Lessons from a CR leader</atitle><jtitle>Business and politics</jtitle><addtitle>Bus. polit</addtitle><date>2012-10-01</date><risdate>2012</risdate><volume>14</volume><issue>3</issue><spage>1</spage><epage>29</epage><pages>1-29</pages><issn>1369-5258</issn><issn>1469-3569</issn><eissn>1469-3569</eissn><abstract>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.</abstract><cop>Cambridge, UK</cop><pub>Cambridge University Press</pub><doi>10.1515/bap-2012-0021</doi><tpages>29</tpages><oa>free_for_read</oa></addata></record> |
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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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