What is the role of social movements in inspiring or sparking corporate social responsibility? To answer this question, Panayiotis Georgallis of the University of Michigan’s Erb Institute for Global Sustainable Enterprise builds on the academic research related to social movements and to corporate social responsibility, which are two distinct fields of research. Social movements are […]
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Most leaders possess typical leadership qualities such as the ability to inspire and persuade, a grand vision, and a controlled fearlessness when taking risks. There is, however, a darker side to many leaders, manifested in character traits such as extreme pride and overconfidence, coupled with a complete contempt for others. These character traits, which can […]
Read More… from Beware of Hubris Syndrome! A Leadership Personality Disorder
The extensive damage caused by computer hackers accessing the confidential information held within a company’s information technology is, unfortunately, well documented. But beyond compromising millions of customers or accessing company secrets, a cyber attack on an SITE (systemically important technology enterprise) could be even more catastrophic, potentially damaging the global economy and undermining the value […]
Read More… from Cyber-Attack Catastrophe: Lessons from a Plausible Risk Scenario
Most people think of themselves as moral and ethical. And yet, major fraud and unethical behaviour is widespread. A team of researchers from the University of North Carolina, University of Washington and University of Arizona studied how people who are otherwise good allow themselves to become involved in increasingly unethical behaviour. “There are a number of […]
Read More… from Ethics and the Slippery Slope: Why Good People Do Bad Things
Competition has traditionally received much praise, particularly from economists who point to its contributions in lowering market prices and also improving the quality of goods and services. However, recent research from schools including Marshall School of Business and UCLA Anderson School of Management has shown that intense competition can in fact naturally lead to unethical […]
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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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How would you describe the impact of your organization’s reputation on overall business performance? Trust may play a big part in building that reputation, but how closely are trust and reputation linked to better earnings? To what degree does your corporate reputation drive the behaviours (recommending, purchasing, investing etc) of your firm’s main stakeholder groups? […]
Major social and political events around the world can often have rippling and lasting effects on businesses. Take the tragic fires and accidents in factories in India and Bangladesh during the spring of 2013 that shook the global apparel and textiles industry; companies like Wal-Mart Stores, The Gap, H&M and many others suddenly found they […]
Read More… from Does Your Organization Need a Chief External Officer?
In 2013, JPMorgan Chase agreed to pay $20 billion to settle investigations and lawsuits about misrepresentation of the quality of mortgages the bank sold during the housing bubble. They are not the only ones to suffer from a tarnished reputation over the years; unfortunately, financial improprieties and fraud have been common in the 2000s. So […]
Read More… from Rebuilding Reputation after a Serious Financial Restatement
The past 10 or so years have seen a significant rise in the incidence of product recalls. Multiple sectors and product categories, ranging from toys to automobiles and food to pharmaceuticals, have been involved — and, in some cases, the business and human costs have been immense. (Faults in Toyota cars in 2009 and 2010 […]
Read More… from Reasons for Product Recalls: Safety on the Line
