Stakeholder engagement: An opportunity for SMEs

Stakeholder engagement and corporate social responsibility (CSR) concepts were mainly developed with large companies in mind. Due to growing awareness of the societal and economic importance of small and medium-sized enterprises, however, CSR has been increasingly promoted with respect to these companies. Low uptake of CSR by SMEs remains a challenge. Promoting SMEs' active engagement with external actors can initiate CSR activities and improve their CSR performance.