The Embedded Firm: How Naturally Emerging Business Ethics Can Enhance Competitiveness and Resilience
<p id="p1">The chapter addresses the impacts of ethics in business’ competitiveness as they are naturally emerging in an embedded firm—i.e., a business organization that is “lifted out” from its market environment and instead explicitly takes into consideration social and env...
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| Formato: | Capítulo de libro |
| Lenguaje: | inglés |
| Publicado: |
IntechOpen
2024
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| Acceso en línea: | https://www.intechopen.com/chapters/89121 |
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| Sumario: | <p id="p1">The chapter addresses the impacts of ethics in business’ competitiveness as they are naturally emerging in an embedded firm—i.e., a business organization that is “lifted out” from its market environment and instead explicitly takes into consideration social and environmental factors—e.g., socio-historical capital, environment, local resources, etc. In doing so we adopt the realist approach of the “soft” Polanyian interpretation of embeddedness where business organizations retain their corporate nature and continue to operate in the market economy; embeddedness is then built around the market economy and is expressed on the way the business organization is active in its relevant markets. Capital accumulation and other conventional corporate goals continue to drive the firm’s behavior which is now further impacted by local socio-ecological systems and a greater sense of responsibility and purpose.</p> |
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| ISBN: | 978-0-85014-495-6 |
| DOI: | 10.5772/intechopen.114283 |