Professor emeritus Bruce Scott was a pioneer at the Harvard Business School, where he insisted that management training had to include the big picture, and helped craft the school’s now-mandatory MBA course, Business and Government in the International Economy (known colloquially as BGIE or “Biggie”) back in the 1970s.
Harvard Business School is the subject of journalist Duff McDonald’s new book, The Golden Passport, which examines … [ Read more ]
Content: Article | Author: Bruce Scott | Source: PBS | Subjects: Capitalism, Economics, MBA Related, Social Responsibility
Corporate social responsibility has been a buzzword for a while. And it’s not hard to see how communities stand to benefit when firms are serious about CSR—be it by participating in a clean water campaign or having a large philanthropic presence.
But what about the firms themselves? How does doing good affect their bottom line? Here, Kellogg faculty share research and perspectives into how companies can … [ Read more ]
Content: Article | Authors: Alexander Chernev, Dylan Minor, James Naughton, Megan Kashner, Shannon Schuyler, Sunil Chopra, Thomas Lys | Source: Kellogg Insight | Subject: Social Responsibility
It’s a common complaint. Companies keep trying to show the world that they are socially conscious and keep losing the battle. A major reason companies don’t get credit for their good works is they employ a one-size-fits-all strategy to communicating their efforts, while what’s needed are focused messages that matter to each of their four different audiences:
- Corporate watchdogs such as social media activists, NGOs,
Content: Article | Author: Mark R. Kramer | Source: Harvard Business Review | Subjects: Public Relations, Social Responsibility
More and more firms today are including incentives for corporate social responsibility (CSR) in their executive compensation contracts. But is this a worthwhile practice? Who benefits from it? Recent research shows a link between CSR activities and better social performance and the bottom line. But is paying for CSR beneficial for shareholder interests? Accounting and stock-price performance incentives are already common in executive compensation contracts … [ Read more ]
Content: Article | Author: Bryan Hong | Source: Ivey Business Journal | Subjects: Corporate Governance, Social Responsibility
An audacious effort to provide digital ID numbers throughout India illustrates the potential for large-scale change.
Content: Article | Authors: Jennifer Riel, Roger L. Martin, Sally R. Osberg | Source: strategy+business | Subject: Social Responsibility
By turning sustainability initiatives into drivers of measurable value, some CEOs are outperforming their peers and forging a path for others to follow.
Content: Article | Authors: Peter Lacy, Rob Hayward | Source: Outlook Journal (Accenture) | Subject: Social Responsibility
Accenture has identified five principles that will increasingly define what it means to be a responsible business in the digital economy. Companies that understand and take action on these principles will be positioned not only to manage today’s challenges but also to differentiate themselves for growth in the future.
Content: Article | Authors: Jade Siu, Kuangyi Wei, Tim Cooper | Source: Outlook Journal (Accenture) | Subjects: IT / Technology / E-Business, Social Responsibility
Accenture research shows that leading organizations are now adopting circular economy models—decoupling growth from scarce resources and, thus, gaining a competitive edge (what we call a circular advantage).
We are rapidly approaching a point where the linear growth model is no longer viable for companies. This is due to the rising global affluence, the inability of many nonrenewable resources to keep up with demand, the strained … [ Read more ]
Content: Article | Authors: Justin Keeble, Peter Lacy, Robert McNamara | Source: Accenture | Subjects: Social Responsibility, Strategy
Sustainability initiatives won’t create lasting value if they’re poorly managed. Here are four lessons from companies that are doing it right.
Content: Article | Authors: Achim Berg, Martin Stuchtey, Nils Schlag | Source: McKinsey Quarterly | Subject: Social Responsibility
Meeting increasing global demand requires dramatically improving resource productivity. Yet technological advances mean companies have an extraordinary opportunity not only to meet that challenge but to spark the next industrial revolution as well.
Content: Article | Authors: Matt Rogers, Stefan Heck | Source: McKinsey Quarterly | Subjects: Economics, Management, Social Responsibility
Instead of focusing only on commercial advantage, leading companies are balancing that with environmental impact and local economic development. It’s what we call, “the triple advantage,” where value chains support business goals and contribute positively to the socio-economy. Accenture and the World Economic Forum joined to identify 31 supply chain practices that lead to a triple advantage.
Content: Article | Sources: Accenture, World Economic Forum | Subject: Social Responsibility
Companies are increasingly expected to join with other organizations—both public and private—to address social and environmental problems. Here are seven ways to make such alliances successful.
Content: Article | Authors: Kimberly Henderson, Marco Albani | Source: McKinsey Quarterly | Subject: Social Responsibility
Executives at all levels see an important business role for sustainability. But when it comes to mastering the reputation, execution, and accountability of their sustainability programs, many companies have far to go.
Content: Article | Authors: Anne-Titia Bové, Sheila Bonini | Source: McKinsey Quarterly | Subject: Social Responsibility
The one-for-one business model has catapulted to prominence since Toms adopted it. Scores of similar businesses, selling a wide range of products, have followed suit. Many say that from a marketing standpoint, the model is a winner. Still, questions have been raised about whether the social impact aspect works quite as well.
Content: Article | Source: Knowledge@Wharton | Subject: Social Responsibility
strategy+business presents their 14th annual best business books special section with picks from seven eminent reviewers.
Editor’s Note: As usual, these pieces offer more than just listings of recommended books. In particular, I recommend you read the entries on strategy and economics.
Content: Article | Source: strategy+business | Subjects: Economics, Management, Organizational Behavior, Social Responsibility, Strategy
Paul Leinwand, coauthor, with Cesare Mainardi, of The Essential Advantage: How to Win with a Capabilities-Driven Strategy, introduces a guiding maxim for CSR success from Winning Investors Over: Surprising Truths about Honesty, Earnings Guidance, and Other Ways to Boost Your Stock Price, by Baruch Lev.
Content: Article | Source: strategy+business | Subject: Social Responsibility
Read how businesses are organizing for sustainability success by ensuring it is an intrinsic part of the operating culture.
Content: Article | Authors: Melissa Barrett, Peter Lacy, Quentin Drewell, Robert McNamara | Source: Accenture | Subject: Social Responsibility
In 1970, in his famous essay, The Social Responsibility of Business is to Increase its Profits, Milton Friedman railed against any corporate attempt to promote “desirable social ends” which he argued were “highly subversive to the capitalist system.”
Ever since, folks have argued that Friedman is wrong to make the trade-off between shareholders and the rest of society so wholly in favor of shareholders and that … [ Read more ]
Content: Article | Author: Roger L. Martin | Source: Harvard Business Review | Subject: Social Responsibility
Research by Christopher Marquis shows that a company’s degree of social responsibility is affected by a surprising factor—the language it uses to communicate.
Content: Article | Author: Michael Blanding | Source: Harvard Business School (HBS) Working Knowledge | Subjects: International, Organizational Behavior, Social Responsibility
Companies must incorporate interaction with stakeholders into decision making at every level of the organization.
Content: Article | Authors: John Browne, Robin Nuttall | Source: McKinsey Quarterly | Subject: Social Responsibility