Industry life cycle and responsible procurement

Stefan Hoejmose, Stephen Brammer, Andrew Millington

Research output: Contribution to journalConference paperpeer-review

Abstract

Different stages of the product and industry life cycle has been argued to be an important factor in shaping firms’ strategic actions, as the life cycle influence the firms’ sales, profit, product innovation, marketing mix and differentiation strategies. Drawing on the theory of industry life cycle (ILC), this article examines how the ILC influences firms’ corporate social responsibility (CSR) performance in the context of global procurement transactions. The findings suggest that mature industries have much greater levels of responsible procurement (RP) processes, compared to rapid growing and declining industries. The authors conclude that CSR in procurement transactions is a trait of changes in the strategic behaviour of firms, as they progress from the ILC stage of growth to maturity and decline, rather than being a by-product of supply chain sophistication, which also develops along the ILC.
Original languageEnglish
Pages (from-to)133-145
Number of pages13
JournalProceedings of the International Association for Business and Society
Volume20
Publication statusPublished - 2009
Externally publishedYes
EventAnnual Meeting of the International Association for Business and Society (20th : 2009) - Snowmass, CO
Duration: 18 Jun 200920 Jun 2009

Fingerprint Dive into the research topics of 'Industry life cycle and responsible procurement'. Together they form a unique fingerprint.

Cite this