The Five Stages of Corporate Responsibility
When it comes to developing a sens of corporate responsibility, organizations typically go through five stages as they move along the learning curve:
- Defensive stage - Companies denies links between business practices and abuse.
- Compliance or managing reputational risks stage - Company sets up policies that are confined to the minimum necessary to negate criticism and preserve reputation.
- Management buy-in stage - Company takes responsibility for managing its social and environmental impacts.
- Strategic stage - Company aligns its business model with societal expectations and integrates social and environmental concerns into core business practices and decision-making.
- Civil stage - Company actively encourages others companies and stakeholders in its sector to raise standards of the industry as a whole.
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