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Journal of Management and Digital Transformation

Published: 2023-12-18

Corporate social responsibility as an instrument of sustainable business development: exploring types and dimensions

Iryna Fedotova Logo ORCID , Nadiia Bocharova Logo ORCID , Agnieszka Rachwał-Mueller Logo ORCID
Section: Zeszyty Naukowe Wyższej Szkoły Ekonomii i Informatyki w Krakowie
https://doi.org/10.60154/ZeszytyNaukoweWSEI.2023.19.1.1.03

Abstract

The article examines corporate social responsibility (CSR) as a new paradigm of sustainable enterprise development and the principal tool for its implementation. The aim of the article is to enhance the understanding of the significance of CSR as a tool for sustainable business development and to establish directions for its implementation. The study introduces a spherical model of sustainable enterprise development, comprising three spheres representing the enterprise’s interaction with the external environment. These spheres are managed through CSR principles. The model aims to achieve long-term equilibrium across key domains of sustainable development: economic, social, and ecological. It envisions the incorporation of CSR tools. This research proposes a modification of the Corporate Social Responsibility Pyramid. The model encompasses diverse responsibility types, including organizational-economic, technical-technological and digital, ecological, legal, socio-cultural, ethical, innovative, and philanthropic. A hierarchical analysis of CSR and Maslow’s hierarchy identifies responsibility hierarchy levels within the enterprise. The characterization of enterprise CSR types is provided. The article develops a CSR pyramid model as a central instrument for attaining sustainable development and justifies responsibility types for integrating CSR within the enterprise, catering to internal and external stakeholder needs. The research emphasizes the development of tools to facilitate CSR integration and achieve sustainable development. The derived conclusions and the characterization of CSR types will enable enterprises to allocate efforts and resources more comprehensively for achieving sustainable development, considering the specific nature of their operations and stakeholder needs. The research aids enterprises in better comprehending the essential aspects of CSR that correspond to their particular circumstances.

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Fedotova, I., Bocharova, N., & Rachwał-Mueller, A. (2023). Corporate social responsibility as an instrument of sustainable business development: exploring types and dimensions. Journal of Management and Digital Transformation, (19), 83–110. https://doi.org/10.60154/ZeszytyNaukoweWSEI.2023.19.1.1.03

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Zeszyty Naukowe Wyższej Szkoły Ekonomii i Informatyki w Krakowie

No. 19 (2023)
Published: 2023-12-18


ISSN: 3072-5682

Publisher
Uniwersytet DSW Ideis

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