Responsible competitiveness: reshaping global markets through responsible business practices

Abstract

Purpose

The purpose of the paper is to explore the theoretical underpinnings and practical implications of responsible competitiveness, where responsible business practices become a driver of national and regional competitiveness.

Design/methodology/approach

The paper is based on extensive international consultations in association with the United Nations, detailed case studies, and econometric analysis of country level competitiveness and corporate responsibility related data.

Findings

The paper concluded that responsible business practices can contribute to national and regional competitiveness, and that without such links corporate responsibility impacts are likely to remain limited.

Research limitations/implications

Further sector and issue‐based and country‐level research is needed exploring the potential and practice of responsible competitiveness.

Practical implications

Proposes that national and regional strategies for enhancing competitiveness and so also social/environmental outcomes can be grounded in responsible competitiveness. Furthermore, offers insights into how global markets can internalise key costs and benefits.

Originality/value

The paper authors the notion of responsible competitiveness, and provides original definitions, methodology and data previously unpublished in any academic journal.

Citation

Zadek, S. (2006), "Responsible competitiveness: reshaping global markets through responsible business practices", Corporate Governance, Vol. 6 No. 4, pp. 334-348. https://doi.org/10.1108/14720700610689469