IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04130125.html
   My bibliography  Save this paper

The Profit-with-purpose Corporation Confronted to Grand Societal challenges: Insights From the Study of a Formulation Process

Author

Listed:
  • Jérémy Lévêque

    (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

  • Kevin Levillain

    (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

  • Blanche Segrestin

    (CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

Abstract

The commitment of corporations to the contemporary Grand Challenges is a growing collective demand and yet suffers from a large deficit of credibility. In this context, new governance schemes built around the expression of a freely formulated mission are emerging behind the name of profit-with-purpose corporations. In this paper, we rely on a single case study of a company that has recently formulated such statutory mission in order to build on the conditions for a credible and robust commitment in the context of Grand Challenges. In terms of results, we highlight the interest in building the commitment around the efforts to be made, rather than current or past contributions.

Suggested Citation

  • Jérémy Lévêque & Kevin Levillain & Blanche Segrestin, 2023. "The Profit-with-purpose Corporation Confronted to Grand Societal challenges: Insights From the Study of a Formulation Process," Post-Print hal-04130125, HAL.
    • Handle: RePEc:hal:journl:hal-04130125
    Note: View the original document on HAL open archive server: https://hal.science/hal-04130125
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04130125/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian Voegtlin & Andreas Georg Scherer, 2017. "Responsible Innovation and the Innovation of Responsibility: Governing Sustainable Development in a Globalized World," Journal of Business Ethics, Springer, vol. 143(2), pages 227-243, June.
    2. Chris Mason & Bob Doherty, 2016. "A Fair Trade-off? Paradoxes in the Governance of Fair-trade Social Enterprises," Journal of Business Ethics, Springer, vol. 136(3), pages 451-469, July.
    3. Abagail McWilliams & Donald S. Siegel & Patrick M. Wright, 2006. "Corporate Social Responsibility: Strategic Implications," Journal of Management Studies, Wiley Blackwell, vol. 43(1), pages 1-18, January.
    4. Juliane Reinecke & Shaz Ansari, 2016. "Taming Wicked Problems: The Role of Framing in the Construction of Corporate Social Responsibility," Journal of Management Studies, Wiley Blackwell, vol. 53(3), pages 299-329, May.
    5. Leif Atle Beisland & Kwame Ohene Djan & Roy Mersland & Trond Randøy, 2021. "Measuring Social Performance in Social Enterprises: A Global Study of Microfinance Institutions," Journal of Business Ethics, Springer, vol. 171(1), pages 51-71, June.
    6. Christian Voegtlin & Andreas Georg Scherer & Günter K Stahl & Olga Hawn, 2022. "Grand Societal Challenges and Responsible Innovation," Post-Print hal-03466563, HAL.
    7. Christian Voegtlin & Andreas Georg Scherer & Günter K. Stahl & Olga Hawn, 2022. "Grand Societal Challenges and Responsible Innovation," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 1-28, January.
    8. Christian Voegtlin & Scherer Andreas Georg, 2017. "Responsible Innovation and the Innovation of Responsibility: Governing Sustainable Development in a Globalized World," Post-Print hal-01540972, HAL.
    9. Ruchunyi Fu & Yi Tang & Guoli Chen, 2020. "Chief sustainability officers and corporate social (Ir)responsibility," Strategic Management Journal, Wiley Blackwell, vol. 41(4), pages 656-680, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christian Voegtlin & Andreas Georg Scherer & Günter K. Stahl & Olga Hawn, 2022. "Grand Societal Challenges and Responsible Innovation," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 1-28, January.
    2. Dolores Gallardo-Vázquez & Luis Enrique Valdez-Juárez & Ángela María Castuera-Díaz, 2019. "Corporate Social Responsibility as an Antecedent of Innovation, Reputation, Performance, and Competitive Success: A Multiple Mediation Analysis," Sustainability, MDPI, vol. 11(20), pages 1-28, October.
    3. Zhang, Stephen X. & Chen, Jiyao & He, Liangxing & Choudhury, Afreen, 2023. "Responsible Innovation: The development and validation of a scale," Technovation, Elsevier, vol. 124(C).
    4. Madeleine Rauch & Shahzad (Shaz) Ansari, 2022. "From ‘Publish or Perish’ to Societal Impact: Organizational Repurposing Towards Responsible Innovation through Creating a Medical Platform," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 61-91, January.
    5. Emmanuelle Reuter, 2022. "Hybrid business models in the sharing economy: The role of business model design for managing the environmental paradox," Business Strategy and the Environment, Wiley Blackwell, vol. 31(2), pages 603-618, February.
    6. Odeh Al-Jayyousi & Hira Amin & Hiba Ali Al-Saudi & Amjaad Aljassas & Evren Tok, 2023. "Mission-Oriented Innovation Policy for Sustainable Development: A Systematic Literature Review," Sustainability, MDPI, vol. 15(17), pages 1-21, August.
    7. Tina C. Ambos & Katherine Tatarinov, 2022. "Building Responsible Innovation in International Organizations through Intrapreneurship," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 92-125, January.
    8. Tachia Chin & Francesco Caputo & Yi Shi & Mario Calabrese & Chiraz Aouina‐Mejri & Armando Papa, 2022. "Depicting the role of cross‐cultural legitimacy for responsible innovation in Asian‐Pacific business models: A dialectical systems view of Yin‐Yang harmony," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(6), pages 2083-2093, November.
    9. Simone Pizzi & Fabio Caputo & Andrea Venturelli, 2020. "Does it pay to be an honest entrepreneur? Addressing the relationship between sustainable development and bankruptcy risk," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(3), pages 1478-1486, May.
    10. Agata Gurzawska & Markus Mäkinen & Philip Brey, 2017. "Implementation of Responsible Research and Innovation (RRI) Practices in Industry: Providing the Right Incentives," Sustainability, MDPI, vol. 9(10), pages 1-26, September.
    11. Kyoko Sasaki & Wendy Stubbs & Megan Farrelly, 2023. "The relationship between corporate purpose and the sustainable development goals in large Japanese companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2475-2489, September.
    12. Sophie Bacq & Ruth V. Aguilera, 2022. "Stakeholder Governance for Responsible Innovation: A Theory of Value Creation, Appropriation, and Distribution," Journal of Management Studies, Wiley Blackwell, vol. 59(1), pages 29-60, January.
    13. Thais Assis de Souza & Rodrigo Marçal Gandia & Bruna Habib Cavazza & André Grützmann & Isabelle Nicolaï, 2020. "A Conceptual Proposal for Responsible Innovation," Post-Print hal-03014720, HAL.
    14. Shuang Meng & Pengxiang Wang & Jiajie Yu, 2022. "Going Abroad and Going Green: The Effects of Top Management Teams’ Overseas Experience on Green Innovation in the Digital Era," IJERPH, MDPI, vol. 19(22), pages 1-20, November.
    15. Qinghua Huang & Xiding Chen & Mi Zhou & Xiaoqin Zhang & Lingling Duan, 2019. "How Does CEO’s Environmental Awareness Affect Technological Innovation?," IJERPH, MDPI, vol. 16(2), pages 1-16, January.
    16. Sophie Bollinger & Marion Neukam, 2023. "Les valeurs de l'organisation, moteur de créativité," Post-Print hal-04162043, HAL.
    17. Carbajo, Ruth & Cabeza, Luisa F., 2018. "Renewable energy research and technologies through responsible research and innovation looking glass: Reflexions, theoretical approaches and contemporary discourses," Applied Energy, Elsevier, vol. 211(C), pages 792-808.
    18. Babita Bhatt, 2022. "Ethical Complexity of Social Change: Negotiated Actions of a Social Enterprise," Journal of Business Ethics, Springer, vol. 177(4), pages 743-762, May.
    19. Dante I. Leyva-de la Hiz & Vera Ferron-Vilchez & J. Alberto Aragon-Correa, 2019. "Do Firms’ Slack Resources Influence the Relationship Between Focused Environmental Innovations and Financial Performance? More is Not Always Better," Journal of Business Ethics, Springer, vol. 159(4), pages 1215-1227, November.
    20. Alexander Auer & Katharina Jarmai, 2017. "Implementing Responsible Research and Innovation Practices in SMEs: Insights into Drivers and Barriers from the Austrian Medical Device Sector," Sustainability, MDPI, vol. 10(1), pages 1-18, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04130125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.