Creating positive societal and environmental impact whilst retaining competitiveness has become an increasingly popular concept for companies in recent years—also known as ‘creating shared value.’ A term first coined by Harvard Business School’s Michael E. Porter and Mark R. Kramer in 2011, creating shared value refers to policies and practices that enhance the competiveness of […]
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Corporate social responsibility and sustainable development are increasingly linked to competitive advantage and innovation. Harvard’s Michael E. Porter and Mark R. Kramer have, in recent years, ‘reframed’ CSR as ‘shared value’, pointing to the business opportunities in ‘unmet social needs’. Meanwhile, the external pressures for responsible business — from governments and regulators and from shareholders […]
Read More… from How Well Is CSR Embedded in Business Strategy?
While research shows that people generally view CSR activities favourably, the question remains whether that positive attitude changes consumer behaviour. To answer this question, a team of professors from Dartmouth’s Tuck School of Business focused on one specific industry — grocery retailing — and also divided the types of corporate social responsibility in their study […]
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Procurement risks now include the possibility of someone in the supply chain flouting international labour laws, causing unnecessary damage to the environment or acting in other socially irresponsible ways. These risks are ‘high-impact’. Nike, which faced a storm of protest following sweat-shop scandals in the 1990s, is just one company to have discovered this. Management […]
Companies are making and selling socially responsible products, hoping to benefit from the social conscious of their customers. Previous research on what customers are willing to pay for social responsibility has been mixed — while in many cases, the studies confirm the opportunity for a significant premium, a smaller number of researchers have found little […]
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Intuitively, one might assume that people who have ‘done good things’ and received recognition for their ethical stance would feel encouraged to continue in the same vein. But this research suggests that, when it comes to top business leaders, this simply isn’t the case. The research finds that CEOs with a track record of ‘going […]
The way companies inform and report on their CSR programs has evolved in recent years, with online channels either complementing or supplanting more traditional offline methods of communication. Blogs, social media, and company websites all come into play, but how successful are companies at actively engaging and interacting with their stakeholders? Recent research outlines the […]
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Many customers care about the societal costs of a company’s activities — pollution or depletion of resources, for example — and thus companies have an incentive to pay attention to their impact on society. They want to keep their reputation intact. But what if your company already has a rock-solid reputation? Is there any reason […]
Do you want your business to operate sustainable, socially and environmentally friendly practices? Almost every business leader will answer with a “yes”. But if they are allowed to elaborate, most will talk about certain conditions that have to be met: “Yes, as long as these practices do not destroy firm value”, “Yes, as long as […]
Exploring the relation between information that is presented in corporate accountability reports and future financial performance three professors from the Kellogg School of Management’s Accounting Information and Management Department focused on CSR expenditure figures and the future performance of the disclosing firm. Thomas Lys, professor of accounting information and management at the Kellogg School of […]
