The role of Corporate Social Responsibility in risk management Cover Image

Rola społecznej odpowiedzialności w zarządzaniu ryzykiem
The role of Corporate Social Responsibility in risk management

Author(s): Agata Rudnicka
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: Corporate Social Responsibility; risk; social risk; risk management

Summary/Abstract: The concept of Corporate Social Responsibility is increasingly perceived by the business community as a remedy for emerging organizational problems. There are three main dimensions of social responsibility: economic, social and environmental that might be taken into account when managing an organizational risk. Frauds and deceptions, corruption, organizational pathologies or lack of proactive approach to managing the environmental aspects should be, for firms that are sensitive to social responsibility, a signal for taking preventive or corrective actions in this sphere. There are many cases from business practice that show how the lack of preventive approach on issues such as resources management or stakeholder relationship management can result in serious organizational crisis. The paper presents theoretical approach of the concept of Corporate Social Responsibility in the light of risk management.

  • Issue Year: 2011
  • Issue No: 220
  • Page Range: 400-407
  • Page Count: 8
  • Language: Polish