ABSTRACT

Stewardship entails a profound understanding and acceptance of the challenges that result from the organization’s interdependence with the societal and ecological contexts in which it operates—and of what it takes to embrace the challenges to be a force for building a viable future. This book dares to ask ‘why’ business leaders should embrace stewardship in the current market where profit reigns supreme. A shift in approach represents fundamental change for the corporate world, and even the most advanced corporations consider themselves to be in the starting block of this transition. The book sets out the practical ways in which corporate stewardship can be achieved through embedding new approaches across the different functions of a business.

This book, written by the leading thinkers in sustainability research, provides practical guidance on how companies can resolve the paradoxical challenges they face. How can they be at the same time profitable and responsible, effective and ethical, sustainable and adaptable? It explores what businesses are doing, what they can and should do to effectively respond to external challenges, and focuses on how leaders can create cultures, strategies, and designs far beyond “business as usual”.Stewards must not only make proper current use of that which they hold in trust, they also must leave it in better condition for use by future generations. Corporate Stewardship challenges managers, executives, and directors of global corporations to think and act as stewards of both their organizations and the physical and social environments in which they operate. 

part I|54 pages

Overview: history and the future

chapter 1|12 pages

Achieving sustainable effectiveness

Business not as usual

chapter 2|22 pages

Corporate stewardship

Successes and failures (a selected history)

chapter 3|19 pages

Stewardship of the future

Large system change and company stewardship

part III|79 pages

Strategy and organization

chapter 6|18 pages

Sustainability for strategic advantage

The shift to flourishing

chapter 7|22 pages

Designing for sustainable effectiveness

The role of embeddedness and agility

chapter 8|22 pages

Stewardship and human resource management

From me to we to all of us

chapter 9|16 pages

Corporate and integrated reporting

A functional perspective

part IV|53 pages

The world of stakeholders

chapter 10|16 pages

Attaining corporate social responsibility practice in corporations

Recognizing the interdependence of governments and multinational corporations

chapter 11|15 pages

BoP 2.0

The next generation of strategy for the base of the pyramid

chapter 12|21 pages

Sustainability in the developing world

An exploration of corporate responsibility and efficacy in promoting social justice

part V|30 pages

The view forward

chapter 13|19 pages

The fourth wave

Management science and practice in the age of the Anthropocene

chapter 14|10 pages

Stewardship versus the market

A skeptical perspective