Ideal as an introduction and as a quick reference, Key Concepts in Critical Management Studies explores the essential concepts used within the field today. Specially edited and written by a range of international experts, key ideas are succinctly explained and illustrated beyond a simple definition. Further reading suggestions and cross-referencing provide the reader with means to develop their knowledge further.

With over 50 entries, from Actor Network Theory to Utopianism, readers have instant access and explanation of the most influential concepts in CMS literature. Clear and engaging, this will provide strong support for all courses involving critical management and is a perfect resource for anyone with an interest in this field.

Corporate Social Responsibility

Corporate social responsibility
StephenDunne

Definition: The concept of corporate social responsibility emerges out of a series of ongoing debates as to whether the corporation has additional responsibilities over and above the responsibility to make a profit, or not.

The most (in)famous thing ever written about corporate social responsibility (CSR) came from the pen of the Nobel Prize winning Chicago School economist Milton Friedman. In a short article published in the New York Times Magazine, Friedman (1970) notoriously argued, straightforwardly but nonetheless virulently, that the only social responsibility of business is to increase its profits. That is to say, for Friedman, corporate representatives should concern themselves with profit maximisation and nothing else.

Such a sentiment strikes us as almost apocryphal today. This is because today, it seems ...

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