As businesses move from a pure focus on shareholder value to “shared” value for all stakeholders, what implications does this have for why and how they can contribute to peace
Over the years, we have seen businesses shift from a pure focus on shareholder value to "shared" value for all stakeholders. In more underlying terms, this represents a shift from pure means of profit toward to betterment and maximum benefits provides to all stakeholders of a business's operation. Through means of Corporate Social Responsibility, we seen corporations building and strengthening relationships by giving back to the international communities to which they operate in. This ultimately lays the groundwork for increased cross-border trade, which by the liberal International relations theory is a more effective means to an end relative to warfare. Corporations also may benefit their international partners by demonstrating environmentally friendly practices, which show respect for the country hosting operations.
More often than not, 3rd world countries are unstable due to poor socioeconomic conditions, which is not exactly good for peace. By operating with an international presence, corporations have the ability to enable more people access to capital on scales that cannot be attained in more developed countries.