The institutionalization of stakeholder management in Russian companies: How relevant is CRT "Arcturus" model?

The process of CSR-related organizational learning in modern Russia is limited by the lack of the ethical standards as well as self-assessment and quality improvement models and procedures which can combine the hypernorms of global business with the national peculiarities. The CRT Principles for business and “Arcturus†model of self-assessment and improvement are analyzed with a purpose to apply them to the effective institutionalization of stakeholder management to the Russian companies. This paper was presented at the European Academy of Business and Society 5th Annual Colloquium (Milano, September 12, 2006)