5. Implications for crisis management in the age of CSR
Corporate crises threaten the most important assets of a company. With increasing and widespread corporate commitment to CSR, understanding whether and how CSR intertwines with corporate crises is an issue of mounting importance. In this article, we offer a contingent framework for understanding the role a company’s CSR record may play when a crisis hits (see Figure 1). This framework underscores that companies cannot assume their CSR engagement will automatically protect them against crises. CSR increases stakeholders’ attention to crises, affects their attributions of crisis responsibility,raises their expectations, and changes their evaluations of the crisis situations they come across. These four roles of CSR influence stakeholder responses to crises, and thus the ultimate outcome of the crisis for the company. To fully understand whether and how their CSR activities might lead to more favorable outcomes, companies must integrate the careful assessment and consideration of these roles and their underlying drivers into crisis management strategy.