Open Practice in Business

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“Open source” is the act of providing software, technology, or process for free and inviting amendments and derivation. Open sourcing philosophy has emerged primarily in the software industry, but over the past decade the open movement has risen from an unconventional concept to an emerging approach now applied to many other fields including communication, STEM, art, and many others. When money is involved, open policies are seen as unfavorable and have been largely disregarded. Current resistance to open access is not well understood but may be stem from questions of profitability or fears of losing intellectual property. In this open discussion, which we want the audience to participate in, we hope to present the possibility of using open practices to build a successful business model. What if providing open access could make a company more profitable? What if transparency brought more customers? What’s more, what if open practices could add a new dimension to corporate social responsibility? We present the idea that openness in a corporation would actually be extremely beneficial to businesses and organizations alike, and could drive profitability and induce trust while minimizing corruption and ensuring corporate, societal, and fiscal responsibility.

Published in: Business, Economy & Finance
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Open Practice in Business

  1. 1. The purpose of business... Businesses are established to satisfy a societal need. needs profits
  2. 2. Corruption develops when focus shifts from meeting a need to short-term profits. needs profits
  3. 3. OPEN PRACTICES IN BUSINESSRyan Brown & Anthony Salvagno
  4. 4. What is open access? SOFTWARE RESEARCH PHOTOGRAPHY PUBLICATIONS MUSIC EDUCATION ART
  5. 5. Open access is not just free... ...it is connection.
  6. 6. Why can’t business be open?
  7. 7. Creating Shared Value (CSV) the link between competitive advantage and corporate social responsibility
  8. 8. CSV CSReconomic and social benefits doing good discretionary/in repsonse to integral to competing external pressure agenda determined by company specific agenda external reporting internally generated personal preference realigns entire company impact limited by corporate budget footprint and CSR budget
  9. 9. Social value to create profits vs.Proftis to create social value
  10. 10. INFORMATION OA meets CSV SHARINGOPEN CAPITAL COMMUNITY ENGAGEMENT

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