Integrative Social Contract Theory and Urban Prosperity Initiatives

Urban communities in 21st century America are facing severe economic challenges, ones that suggest a mandate to contemplate serious changes in the way America does business. The middle class is diminishing in many parts of the country, with consequences for the economy as a whole. When faced with th...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:Journal of Business Ethics. - Springer Science + Business Media. - 72(2007), 3, Seite 263-278
1. Verfasser: Cava, Anita (VerfasserIn)
Weitere Verfasser: Mayer, Don
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2007
Zugriff auf das übergeordnete Werk:Journal of Business Ethics
Schlagworte:Integrative social contract theory Authentic norm Community prosperity Community engagement Corporate social responsibility Behavioral sciences Business Philosophy Economics Applied sciences
Beschreibung
Zusammenfassung:Urban communities in 21st century America are facing severe economic challenges, ones that suggest a mandate to contemplate serious changes in the way America does business. The middle class is diminishing in many parts of the country, with consequences for the economy as a whole. When faced with the loss of its economic base, any business community must make some difficult decision about its proper role and responsibilities. Decisions to support the community must be balanced alongside and against responsibilities to owners, shareholders and relevant "stakeholders" in a relatively new context. Corporations in urban communities "hollowed out" by white flight or urban sprawl must decide what level of support they can and should provide. This paper examines corporate decisions within the emerging urban prosperity initiatives, using the framework of integrative social contract theory proposed by Donaldson and Dunfee. We suggest that urban prosperity initiatives present a mandate on corporations sufficiently strong as to qualify as an authentic norm. Further, we argue that strict adherence to a corporate bottom line approach or "corporate isolationism" is not congruent with contemporary community standards.
ISSN:15730697