Corporate social responsibility and human resource management: A strategic-balanced model

Abstract

Corporate social responsibility (CSR) and responsible capitalism pose a number of challenges for HRM and leadership in organisations. The HRM paradigm is based on a rational strategic management framework which is consistent with traditional economic analysis. This paradigm is limited in circumstances where organisations seek to behave responsibly with regard to a range of internal and external stakeholders and seek to take a longer term perspective when dealing with issues relating to CSR. Corporate sustainability and corporate governance collectively are shaping organisational identities and are therefore increasingly integrated into the business strategy of successful corporations. Consequently, the field of responsible business strategy and practice is becoming one of the most dynamic and challenging subjects corporate leaders are facing today and possibly one of the most important ones which need to be addressed in shaping the future of our world. © 2010 Springer-Verlag Berlin Heidelberg.