Discussion of corporate social responsibility is typically framed within the either-or debate on the purpose of a corporation pitting those who believe the purpose of a corporation is to increase shareholder value against those who believe the purpose of a corporation must incorporate the interests of all stakeholders. The concept of Enlightened Shareholder Value (ESV) […]
Read More… from Enlightened Shareholder Value: Linking CSR and Long-Term Shareholder Value
A significantly increasing number of companies—from 3% in 2010 to more than 30% in 2021—are incorporating environmental, social, and governance (ESG) metrics, in their executive compensation plans. The number of global companies incorporating environmental, social, and governance (ESG) metrics—e.g., lower carbon emissions, greater diversity, or a positive, effective company culture—in their executive compensation plans have […]
Read More… from Reward Executives for Environmental and Social Success
Social movements in society lead to transformations in the companies and organizations within that society. The environmental movement led to environmentally friendly practices and processes, for example. Movements for the rights of women and minorities led to efforts by companies to promote women and diversify their workforces. While companies will face pressure from outside groups […]
Read More… from How Social Activist Roles in Companies Become Deradicalized
Companies that raise prices might expect some unhappiness from customers, especially if the price increase is seen as deliberate profit-taking. The reaction to Marks & Spencer doubling the price of hand sanitizer during Covid is one example of a price hike consumers found particularly objectionable. The backlash from customers was compounded by the fact that […]
When a company has committed a transgression against one or more of its stakeholders, and wishes to rebuild the stakeholders’ trust and confidence, it engages in ‘moral repair’. For example, a mining company in South Africa wanted to make amends to the families of striking mine workers killed by police during the strike. The company […]
Read More… from Making Amends: The Two Levels of Moral Repair
Building on his own research, and other studies and theories developed by researchers in the field of ethics and morality, RSM professor Muel Kaptein offers a framework that answers the question: when should companies change their ethical norms. Ethical norms are the rules, policies and procedures of a company put in place to ensure the […]
Read More… from When Should Companies Change their Ethical Norms?
More than ever before, employees are asking the companies they work for to take a stand and become actively involved in supporting environmental and social causes. The increasingly visible activism and social engagement of employees is in large part due to changes in technology and culture. On the technology front, internal messaging boards and personal […]
Read More… from Respond to Employee Activists With Clarity and Consistency
The world of business, and society at large, accepts the need for greater diversity at the highest levels of business, government and other domains. This general consensus, however, has not translated into full-scale change. Research into the influence of descriptive social norms on the behaviour of corporate decision makers offers some new understanding into why […]
Read More… from How Diversity Social Norms Let Companies Off the Hook
Governments, companies and consumers all generally agree on the importance of recycling for environmental reasons. The challenge is turning awareness into action. Governments and non-governmental organizations are taking steps to encourage consumer recycling through public service announcements and public policy, while companies are attempting to make more of their products from recyclable materials. Consumers, however, […]
Read More… from To Inspire Recycling, Describe the Product to Come
According to the World Trade Organization, the products and services purchased by the government account for 15-20% of developing countries’ GDP. Putting aside the relative handful of defence contractors with their multi-billion contracts, how can companies break into the B2G sector? The surprising answer from one academic researcher is a firm’s corporate social responsibility activities. […]
Read More… from How CSR Can Lead to Lucrative Government Contracts
