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The Strength of Loose Couplings – The UN Global Compact as a Multistakeholder Initiative
Prof. Andreas Rasche, Copenhagen Business SchoolMultistakeholder initiatives such as the UN Global Compact organize their participants in specific ways. Most importantly, they have to bridge global (universal) principles and local (contextualized) implementation practices. Some initiatives have responded to this need by creating a nested network structure – that is, local networks that are embedded into a wider global “network of networks.” The UN Global Compact, for instance, has more than 100 local networks, which are connected through regional hubs, the Annual Local Network Forum, and interactions with the Global Compact Office. Stakeholder dialogue and collective action are emerging both within and among such networks. more[...]
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Managing Corporate Legitimacy and the UN Global Compact
Prof. Andreas Georg Scherer, University of Zurich
Dr. Dorothée Baumann-Pauly, University of ZürichIn this article, we explain why managing legitimacy is vital for corporations and how business firms can employ strategies to maintain their legitimacy. We then discuss the organizational capacities that each legitimacy strategy implies and point out their inherent tensions. Based on the results of an empirical study, we show how two large corporations have handled these tensions and successfully introduced organizational prerequisites for managing legitimacy. In the final part of this article we elaborate on how participants of the UN Global Compact can use the initiative to strengthen their legitimacy. more[...]
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Integrity, As a Core Strategic Imperative!
Dominique Lamoureux, Thales
Thales GroupThe technological expertise that the company has been cultivating for more than a century is crucial to the security of people, goods, and information. Thales is therefore in a unique position and has a particular responsibility to its stakeholders and to society at large. more[...]
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