Historical Origins of the Business Case

1930s-40s: Early discussions on business & societal impact. Notable works: The Function of the Executive (1938), Social Control of Business (1939). 1950s – “Modern Era”: Howard R. Bowen (1953): Social Responsibilities of the Businessman. Idea: Businesses impact more than just profits. Keith Davis: “Some responsible decisions benefit the firm in the long run.” → Enlightened Self-Interest. 1970s: Committee for Economic Development (CED): Businesses exist by public consent and must serve societal needs. 1980s-90s: Growth of business ethics, stakeholder theory, CSR. Connection between corporate responsibility & financial performance. 2000s-Present: Businesses embrace sustainability & ESG.