Case study 1: Fighting poverty as a challenge for business and management education: Developing business models for alleviating poverty: A case study of Stora Enso in Lao PDR

Abstract

The notion of a ‘triple bottom line’ continues to grow in importance (Cronin et al. 2010). The concept refers to the fact that modern business models are expected to address not only economic, but also social and environmental objectives (Elkington 1998). Corporations are encouraged to build their businesses in a way that creates value, not only for the corporation itself, but also for society (Porter and Kramer 2011). As a part of this process, corporate social responsibility (CSR) has become a multifaceted concept that embraces accountability. It is a new business imperative that enables opportunities for business and innovation, but which is also associated with great challenges, as it implies that businesses need to question and rethink their business models on a conceptual as well as operational level. The challenge is particularly noticeable in large corporations and multinational companies that, due to their complex and extensive character, face challenges in adapting to new expectations by rebuilding business models (Rainey 2010; Prahalad and Hart 2002).

Published in

Title: Socially Responsive Organizations & the Challenge of Poverty
Publisher: Taylor and Francis

SLU Authors

• Mark-Herbert, Cecilia

  • Department of Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Business Administration
Social Sciences Interdisciplinary

Publication identifier

• DOI: https://doi.org/10.4324/9781351287845
• ISBN: 9781783530595

Permanent link to this page (URI)

https://res.slu.se/id/publ/130295