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Stakeholder engagement and corporate peacemaking
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Ralph, Natalie and Kennedy, Ellie (2023) Stakeholder engagement and corporate peacemaking. In: Molthan-Hill, Petra, (ed.) Sustainable Management: A Complete Guide for Faculty and Students. The Principles for Responsible Management Education Series . Routledge, pp. 458-492. ISBN 9781032279206
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Official URL: http://dx.doi.org/10.4324/9781003294665-20
Abstract
Stakeholder engagement is essential for business. In all markets, most companies benefit from peace and stability, while severe social discord or violent conflict is damaging to sustainability. This chapter practically illustrates how stakeholder engagement can support conflict reduction and peacemaking in conflict-affected markets (and even generally peaceful countries) through corporate peacemaking (CPM). This is highly relevant in our era of global crises, such as climate change, pandemics, and energy crises fuelling societal stress. Core concepts in stakeholder theory, and various pragmatic, real-life, and normative corporate peacemaking strategies are outlined, alongside some key challenges, risks, and opportunities. Case studies and scenarios from around the world, tools, detailed session plans, additional creative learning activities and assessment tasks, and further readings are included. Successful, ethical, and good corporate peacemaking can help build more resilient, peaceful communities and stronger relations with and between a company’s stakeholders. It can demonstrate corporate responsibility while protecting the company and its reputation. This chapter particularly contributes to Sustainable Development Goal (SDG) 16 while indicating links to additional global challenges, such as the environment and climate change (SDG 13).
Item Type: | Book Item | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
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Series Name: | The Principles for Responsible Management Education Series | ||||
Publisher: | Routledge | ||||
ISBN: | 9781032279206 | ||||
Book Title: | Sustainable Management: A Complete Guide for Faculty and Students | ||||
Editor: | Molthan-Hill, Petra | ||||
Official Date: | August 2023 | ||||
Dates: |
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Page Range: | pp. 458-492 | ||||
DOI: | 10.4324/9781003294665-20 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
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