Conducted in waves every five years since 1981, the World Values Survey (WVS) is a global research study exploring values and attitudes in 120 countries (covering nearly 95% of the world’s population). Using a select group of survey questions from the WVS and its European counterpart, the European Values Survey (EVS), Kings College professor Bobby […]
Read More… from Cultural Attitudes About Work May Not Be What You Expect
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
Should the purpose of corporations focus on maximizing shareholder value or on attending to the interests of all internal and external stakeholders and society in general? According to corporate purpose scholars Dorothy Lund and Elizabeth Pollman, framing the corporate purpose debate in such unambiguous battle-line terms obscures a fundamental characteristic of corporate purpose that greatly […]
Read More… from Can Companies Choose Their Corporate Purpose?
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
Should corporations be focused exclusively on making a profit for shareholders, or given their wide influence and impact on our daily lives, should they have a greater responsibility towards all stakeholders and society at large? In the United States, this debate over the purpose and responsibilities of business has been ongoing since colonial times. As […]
In November 2020, the advocacy group Women in Banking and Finance launched a four-year research program, entitled Accelerating Change Together, to address gender and diversity issues in the financial and professional services sectors. WIBF commissioned the London School of Economics The Inclusion Initiative, led by LSE Prof. Grace Lordan, to conduct research on its behalf. […]
Read More… from Diversity-Friendly Work Approaches in the Post-Pandemic Workplace
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
In 2008, a study led by Prof. Ashleigh Shelby Rosette of Duke showed that for Americans, Whiteness was one of the prototypical attributes of leaders. As a result, Whites, seen as more leaderly, were more likely to be promoted or recruited for leadership positions. In 2022, researchers replicated the 2008 research and found that attitudes […]
The economic, social, and environmental impacts of a spill and pollution (SP) accident can last for years. At the company level, SP accidents will generate negative publicity, damage share price and market values, and hurt the company’s reputation—in addition to potentially costing a company millions of dollars in clean-up costs and other expenses. Between 2015 […]
