Articles & Blogs, Category = Business ethics & CSR

Category: Business ethics & CSR

What Small Businesses Know About Corporate Responsibility

“CSR can be a risky undertaking. Approach the wrong cause, and you risk alienating customers and even employees. Devote too many of your resources, and you risk missing your financial goals. So how are small businesses so successfully navigating these waters? Below are my top three takeaways from my time spent with small business owners through the International Franchise Association.”

Is Goodstart Just the Beginning?

“When Michael Traill, investment banker turned social entrepreneur, went touting for funds to make a bid for the collapsed childcare group ABC Learning ten years ago, more than one person told him it was a flight of fancy. […] Can a successful social investment model be used in aged care and elsewhere?”

Debate: Can Corporate Purpose Be Global?

“For global companies, there is a significant gap between theory and practice regarding corporate purpose. Indeed, there is no evidence that a global company is able to define its corporate purpose regardless of its nationality. Doing so requires committing to deliver value not only to shareholders, but to all stakeholders (employees, customers, communities…). But can a global company truly do so?”

A Guide to the Big Ideas and Debates in Corporate Governance

“The past few years have seen a proliferation of statements, proposals, and revised codes of corporate governance such as the ‘New Paradigm,’ the ‘Common Sense Principles,’ the ‘King IV Report,’ and the ‘2018 UK Corporate Governance Code,’ to mention just a few. While some of these statements reaffirm conventional doctrines and practices, others call for efforts to better align the activities of corporations with society’s interest in a building a more inclusive, equitable, and sustainable economy.”

B Corp Certification Won’t Guarantee Companies Really Care for People, Planet & Profit

“There are now more than 2,900 certified B Corps in more than 60 countries, cutting across industries and sectors. Through extensive lobbying and promotion it has expanded worldwide through new local offices. With the number of B Corps opening under the organisation’s UK arm growing at 14% a year, is this really a new way of doing business?”

What Gandhi Believed Is the Purpose of a Corporation

“Gandhi argued that companies should act as trusteeships, valuing social responsibility alongside profits, a view recently echoed by the Business Roundtable. His views on the purpose of a company have inspired generations of Indian CEOs to build more sustainable businesses. As scholars of global business history, we believe his message should also resonate with corporate executives and entrepreneurs around the world.”

Reskilling Workers Is a Central Part of Corporate Social Responsibility

“it could be argued that corporations are responsible for all constituents — both in the community and internally — and therefore CSR initiatives should include both of these groups. Education in this context would be a CSR initiative that invests in an organization’s own workforce; protecting a company’s own employees, and by extension the entire community, from the impact of technological change.”

Swollen Executive Pay Packets Reveal the Limits of Corporate Activism

“All this twisted debate in which chief executives talk about democracy and politicians about business management shows are the limits of corporate activism. The whole thing is simply a distraction from the need for a real debate about the fact already huge CEO salaries continue to grow while average wages stagnate.”

How Business Schools Can Help Restore Trust in Capitalism

“So far, most business schools (including Stanford where I teach) have responded to this trust challenge by offering more programs and courses on ethics, social entrepreneurship, impact investing, and philanthropy, with the message that we need better private-sector solutions to social problems. This approach won’t cut it.”

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