Bound Volume Number

Volume IX

Document Type

Honors Capstone Project

Date of Submission

Spring 5-2016

Capstone Advisor

Thomas Lumpkin

Capstone Major

Entrepreneurship and Emerging Enterprises

Capstone College

Management

Audio/Visual Component

no

Keywords

Corporate Social Responsibility, entrepreneurial start-up businesses

Capstone Prize Winner

no

Won Capstone Funding

no

Honors Categories

Professional

Subject Categories

Entrepreneurial and Small Business Operations

Abstract

The purpose of this Capstone is to examine the concept of Corporate Social Responsibility (CSR) and the role it plays in entrepreneurial start-up businesses. The paper introduces a more inclusive definition of the concept – Positive Impact Business Social Engagement. It explains the five facets of social responsibility and examines the impact of social responsibility on major business disciplines. The benefits and disadvantages of social responsibility are analyzed, and the financial performance of socially responsible companies is compared to S&P500 performance. Social responsibility in the start-up world is addressed and is contrasted with established large corporations. The characteristics of social entrepreneurs and commercial entrepreneurs are compared as well as how the management styles of entrepreneurial CEOs impact the social responsibility aspects of their ventures. The integral connection between public policy and CSR will also be discussed. The Capstone will conclude in support of start-up businesses choosing to be socially responsible explaining how social responsibility can be implemented in initial business models for future organizational success that satisfies all stakeholders. Lastly, the Capstone reflects on the experiences of the author as he developed a start-up business while at the Whitman School.

Creative Commons License

Creative Commons Attribution 3.0 License
This work is licensed under a Creative Commons Attribution 3.0 License.

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