Corporate Social Responsibility During a Crisis

Ken Shotts
March 10, 2021 @ 10:30 am – 12:00 pm America/Los Angeles Timezone
Corporate Social Responsibility During a Crisis

Stanford GSB Professor Ken Shotts

Ken Shotts is the David S. and Ann M. Barlow Professor of Political Economy at Stanford Graduate School of Business, and Professor of Political Sciences at Stanford’s School of Humanities and Sciences. Professor Shotts uses game theory to analyze how elections and political institutions influence policy choices made by government officials. He has published papers on electoral accountability, presidential leadership, racial redistricting, term limits, policy entrepreneurship, and the politics of regulatory enforcement. In LEAD, Professor Shotts teaches as part of the faculty team for the foundation course Principled and Purposeful Leadership.

What is the role of business in society? Should companies solely be concerned with maximizing profits for shareholders or do they have responsibilities to other stakeholders? How should a firm think about the relationship between its core business strategy and its corporate social responsibility efforts?

These are perennial questions that companies grapple with, and in the context of emergencies like the COVID-19 pandemic they come into especially sharp relief. Governments and NGOs are often unable to move quickly in response to a crisis, so companies are often expected to take action. What companies do, or fail to do, reflects their core values and can powerfully shape how they are seen as being either heroes or villains.

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