Responsible Research and Innovation in Industry The Case for Corpora

Responsible research and innovation (RRI) is a governance framework promoted by influential policy makers such as the European Commission and academics from the fields of science and technology studies and management. This book is the first text to serve

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Konstantinos Iatridis Doris Schroeder

Responsible Research and Innovation in Industry The Case for Corporate Responsibility Tools

SpringerBriefs in Research and Innovation Governance

More information about this series at http://www.springer.com/series/13811

Konstantinos Iatridis · Doris Schroeder

Responsible Research and Innovation in Industry The Case for Corporate Responsibility Tools

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Konstantinos Iatridis School of Management University of Bath Bath UK

Doris Schroeder College of Health University of Central Lancashire Preston UK

ISSN  2452-0519 ISSN  2452-0527  (electronic) SpringerBriefs in Research and Innovation Governance ISBN 978-3-319-21692-8 ISBN 978-3-319-21693-5  (eBook) DOI 10.1007/978-3-319-21693-5 Library of Congress Control Number: 2015946103 Springer Cham Heidelberg New York Dordrecht London © The Author(s) 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

To Eleni and Myrto To Armin

Foreword

Businesses are responsible. They are responsible in different ways and for different things. They have legal responsibilities, contractual responsibilities and responsibilities towards their shareholders, customers and employees. All of these responsibilities have a component of moral responsibility, of doing the right thing for the right reasons. In addition to these responsibilities of individual companies, the overall economic system is responsible for providing the goods and services that a society requires. In market economies, the foundational idea is that the moral responsibility for the overall outcome of economic activity is not attributed to the individual company or human being, but that the system allows all participants to maximize their own interests, which leads to the optimal distribution of goods and use of resources. This is what Adam Smith (2008, p. 119) meant when he said: ‘It is not from th