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Restructuring Stakeholder Collaboration and how Controlling can Add Value by Managing Educational CSR Initiatives - An Analysis Based on Multi Stakeholder Projects

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  • Valerian LAVAL

    (West University of Timiºoara, Romania)

Abstract

This paper illustrates how CSR initiatives can deliver significant added value to the stakeholders involved. Especially multinational companies can initiate the creation of shared value among stakeholders by collaborating with universities in educational CSR initiatives and by aligning such initiatives with their business strategy and manage them with controlling methodology. Our analysis will be based on successful educational CSR projects of multinational companies implemented within the West University of Timisoara. The practical implications for multinational companies are huge. Instead of engaging in CSR initiatives not related to their business strategy, our study illustrates how the value added can be increased by aligning CSR projects with the core business strategy. Furthermore, social implications of such initiatives are described by illustrating how other stakeholders could reach their complementary goals in this initiative. The main contribution of this paper is to describe the success factors for educational CSR projects from a multi stakeholder perspective and illustrating the usage of controlling methodology on two successfully implemented case studies.

Suggested Citation

  • Valerian LAVAL, 2015. "Restructuring Stakeholder Collaboration and how Controlling can Add Value by Managing Educational CSR Initiatives - An Analysis Based on Multi Stakeholder Projects," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 205-221, May.
    • Handle: RePEc:rom:rmcimn:v:16:y:2015:i:2:p:205-221
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    File URL: https://rmci.ase.ro/no16vol2/06.pdf
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    References listed on IDEAS

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    1. Nicolae BIBU & Marian NASTASE & Diana Corina GLIGOR, 2010. "The Perception over Corporate Social Responsibility in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(5), pages 764-778, December.
    2. Bibu, Nicolae Aurelian & Sala, Diana & Pantea, Marius & Bizoi, Gabriel, 2008. "Considerations about the Influence Factors on the Competitiveness of SME’s from Western Region of Romania," MPRA Paper 9479, University Library of Munich, Germany.
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    Cited by:

    1. LAVAL Valerian, 2017. "Impact Of Educational Csr On Regional Business," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 69(1), pages 88-108, April.

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    More about this item

    Keywords

    Controlling; restructuring stakeholder relation; educational corporate social responsibility projects; shared value; strategic CSR.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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