Morality as a factor of production: Moral commitments as strategic risk management

Arbeitspapier

Through an analysis of Alfred Krupp's 19th-century social welfare program, this paper employs an ordonomic perspective on how morality can be employed as a factor of production. The paper's main argument is that corporate social responsibility (CSR) can be conceptualized as a corporate strategy of moral commitments to manage the relationship- based risks that arise out of social dilemma situations between the company and its stakeholders. Focusing primarily on relationship-based social risks that emerge from antagonistic cooperation, this paper also develops an ordonomic contribution to corporate risk management.

Object Details

• ISBN: 978-3-86829-197-1
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Diskussionspapier ; No. 2009-14

Classification and Topics

• Classification: Wirtschaft ; Relation of Economics to Other Disciplines ; Institutions: Design, Formation, Operations, and Impact ; New Firms; Startups ; Corporate Culture; Diversity; Social Responsibility
• Subject: corporate risk management ; ordonomics ; corporate social responsibility ; corporate citizenship ; morality as a factor of production ; strategic commitments ; Strategisches Risikomanagement ; Ordonomik ; Corporate Social Responsibility ; Corporate Citizenship ; Moral als Produktionsfaktor ; strategische Bindungen

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hielscher, Stefan
• Event: Veröffentlichung
• (who): Martin-Luther-Universität Halle-Wittenberg, Lehrstuhl für Wirtschaftsethik
• (where): Halle (Saale)
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/170324
• URN: urn:nbn:de:gbv:3:2-8949
• Last update: 10.03.2025, 11:46 AM CET