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Browse Articles by "Strategic Management and Leadership"
Title: Corporate Power: Benign and Malignant
Authors: K Balakrishnan
Issue/Year: Jan-1980
Section: Research
Abstract: Corporate social responsibility is fast becoming a fashionable phrase among businessmen, managers, management academics, economists, politicians, and the public at large. Before these diverse groups plunge into serious debate on this crucial issue, one could perhaps learn from the long experience of western countries, especially the US on this subject. A detailed scrutiny of a selected sample of western thought showed that two different and distinct groups existed. It was significant to find economists, lawyers, and political thinkers in the former group looking at the corporation mostly from outside, and teachers, researchers and counselors to the corporate sector in the latter group looking at the corporation from within. The former group, called externalists, has wielded better influence with policymakers in government and the latter, called managerialists, has influenced decisionmakers in corporations. The four- externalists, government, managerialists, and corporation-have continued to function as two parallel axes: the externalists-government axis almost always confronting the managerialists-corporation axis.
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