The Responsible Care© program of the Chemical Industry proactively addresses concerns and demands of various stakeholders. Within this thesis, the options and possibilities of the alignment of such a program with investment projects are analyzed and discussed. Major objective is to show that Responsible Care© is more than a normative approach and can lead to a significant value added for companies.
Next to a detailed description and discussion of Responsible Care© and the corresponding Guiding Principles, as well as Management Practices, is the critical analysis of the implementation of uncertain and imprecise variables in investment projects. Those are closely related to Responsible Care© and the required actions to meet the major objectives of the program.
The effects caused by the realization of a defined Management Practice on the investment, respectively the behavior of the stakeholders, is difficult to estimate – especially at the beginning of a project. To deal with this kind of uncertainty, a management system is developed to facilitate the alignment of Responsible Care© with traditional investment projects. Additionally, a controlling instrument – here the development controlling approach by Prof. Matthes – is applied to the given problem, giving hints that there are ways of dealing with open systems, enabling a reliable controlling and planning instrument for such projects.