B Is for Bribery

In some countries, greasing palms is part of doing business. Does that mean you should?

boardnetUSA

A decade of explosive growth of new U.S. charities, combined with a stick-to-your-knitting economy, has led to a shortage of board diretors at nonprofits. Worst off are organizations with budgets under $10 million, which account for 95 percent of all U.S. nonprofits. As many as 3 million board seats are collecting dust, according to a report by the consulting firm Booz Allen Hamilton and Volunteer … [ Read more ]

The Next Big Thing

Move aside, tree huggers. More and more hardheaded entrepreneurs are tapping into the growing green market.

Peter F. Drucker

By now we know that government cannot take care of community problems. We know that business and the free market also cannot take care of community problems. We have now come to accept that there has to be a third sector, the social sector of (mostly nonprofit) community organizations. But we also know that all institutions, no matter what their legal status, have to be … [ Read more ]

Tree Huggers, Soy Lovers, and Profits

Some of America’s biggest corporations believe that the best way to make money is by saving the world. And guess what? They just might be right.

Saving the Corporate Soul—and (Who Knows?) Maybe Your Own: Eight Principles for Creating and Preserving Wealth and Well-Being

Journalist Batstone says “…a corporation has the potential to act with soul when it puts its resources at the service of the people it employs and the public it serves.” Toward that end, he proposes and describes a grab bag of corporate values: alignment of leadership and stakeholders, transparency, local and global citizenship, customer and employee care, environmental responsibility, and commitment to human equality and … [ Read more ]

Graef Crystal

Concerning the gulf between the haves and the have-nots, it is more than ironic that perhaps the largest gulf of all is not between Americans and people in other countries, but rather between CEOs in America and their own workers. How are we going to narrow the former until we take steps to narrow the latter?

Should a Company Have a Noble Purpose?

If you’re a senior executive or a strategic planner, then articulating a noble purpose may seem like a powerful way to energize the people in your organization to break away from your pack of competitors. And it may seem like a way to attract a more committed, more passionate, and more capable group of employees-people, like teachers, actors, artists, and nurses, who dedicate themselves to … [ Read more ]

Doing Good By Doing Well

Nonprofit organizations should consider creating wealth rather than merely redistributing it.

Venture Philanthropy Embraces Key Strategies of Venture Capitalists

The problem: Find a way to get more bang for the buck out of charitable donations. The strategy: Adopt techniques that worked well for venture capital firms in the 1990s – greater interaction between giver and recipient, and an emphasis on measurable results. The upshot: The birth of the movement variously called “venture philanthropy,” “social entrepreneurism,” “strategic philanthropy,” and “e-philanthropy.” But is it really a … [ Read more ]

Straight From the Enemy’s Mouth

Feeling under the gun lately? Trust me: You don’t know how many enemies you have. Critics of business write books, run organizations, publish magazines, and operate Websites that monitor the goings-on in Corporate America, and it’s not easy to keep track of it all.

And the critics are finding an audience-not just anarchists and hippies and college students but everyday folks who may even work … [ Read more ]

The Perils of Doing the Right Thing

A number of companies have discovered how difficult it is to do well by doing good. Some question whether it makes any economic sense at all.

Why capitalism badly needs ethics

It is not enough to change or re-regulate the rules of corporate capitalism. The present crisis requires a more substantive transformation of business.

Laszlo Zsolnai

Free markets cannot always be relied on to produce socially optimal, or even acceptable, outcomes. In many cases market evaluation is misleading from a social or environmental point of view – it may be a necessary form of evaluating economic activities, but it is not sufficient. Alternative evaluation of economic activities by the techniques of environmental and social reporting, accounting, and auditing is also needed. … [ Read more ]

A New View of Society and Other Writings

“In an era when “dark, satanic mills” were the norm, Owen took young children out of his Scottish factory and put them in a school he funded. He invented day care, unemployment insurance, contributory sickness and retirement plans, and a credit union. He reduced his employees’ workdays from 13 to 10 hours, gave them job security during recessions, and established their right to appeal supervisors’ … [ Read more ]

Satisfying customers through corporate social responsibility

A convincing business case for CSR continues to prove elusive despite a welter of academic studies. BT Group, however, believes it has quantified a highly significant link to the bottom line.