The document discusses the goals and vision of the School of Business, Government, and Economics (SBGE) at a university. It seeks to (1) prepare students for leadership and service in business through developing professional competence and integrity grounded in Christian faith, and (2) develop a rigorous understanding of business and economics and promote this understanding through teaching, scholarship, and community engagement. The SBGE is committed to developing a paradigm where business achieves more than just profit by prioritizing investments and outcomes that enhance human and community well-being in a just and sustainable world.
This document describes Social Insight, a social impact consulting firm. It outlines the company's mission to maximize social impact and minimize risk through innovation, entrepreneurship, and collaboration. Social Insight brings together complex systems and stakeholders to tackle challenges through systemic and equitable solutions. The company provides services in impact measurement, evaluation, philanthropic advising, facilitation, program development, and strategic partnerships. Testimonials praise the founder's collaborative approach and ability to enable organizations to explore possibilities and widen their views. Past clients include philanthropic organizations, non-profits, and workforce development initiatives.
1C – GROWING SUSTAINABILITY: INCREASING INCOME AND SOCIAL IMPACT: LEYF STORY ...CFG
LEYF is a social enterprise that provides high quality childcare in disadvantaged areas of London. It aims to serve 5,000 children and families by 2017. LEYF has experienced strong growth, increasing its revenue by 19% annually and the number of children served by 12% annually from 2008-2014. It plans to expand to 56 nurseries by 2017. LEYF uses a social enterprise model where profits from full-fee nurseries support nurseries in disadvantaged areas to maximize both social impact and financial sustainability.
SDGs: A framework for multi-sector CSR partnerships and value creationWayne Dunn
The SDGs can provide a globally accepted framework for public private CSR partnerships and collaboration. This keynote, presented at the Arabia CSR Forum 2016 in Dubai, outlines the potential and how to begin the process.
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter. If interested the CSR Knowledge Centre http://bit.ly/CSRknowledge contains a series of short, pragmatic articles on CSR Strategy, Management and related areas.
CSR Value and Responsibility: Shareholders, communities and governmentsWayne Dunn
A keynote presentation to the East Africa CSR Forum on Developing CSR Policies and Guidelines. Dar es Salaam, Tanzania, Sept 2013
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter
This document outlines how companies can create effective community relations programs. It discusses how companies are increasingly focusing on sustainability and corporate social responsibility due to competitive advantages, cost savings, and meeting customer and investor demands. The document recommends companies determine goals, establish protocols and criteria for involvement, get employee involvement, incorporate public relations elements, and establish metrics to measure impacts. It provides a case study of an auto insurer that partnered with law enforcement on a child safety seat program, leveraging PR strategies to raise the company's profile and garner positive media coverage.
The SDGs: A framework for social and business valueWayne Dunn
Lecture slides from a seminar on Best Practices in CSR presented by Wayne Dunn and hosted by the Canadian High Commission to Jamaica. Jan 24, 2017 in Kingston, Jamaica
Wayne Dunn's speaking notes from a plenary panel on Investing for Impact at the Jamaica Stock Exchange's Investment and Capital Markets Conference. Jan 25-26, 2017, Kingston, Jamaica
This document describes Social Insight, a social impact consulting firm. It outlines the company's mission to maximize social impact and minimize risk through innovation, entrepreneurship, and collaboration. Social Insight brings together complex systems and stakeholders to tackle challenges through systemic and equitable solutions. The company provides services in impact measurement, evaluation, philanthropic advising, facilitation, program development, and strategic partnerships. Testimonials praise the founder's collaborative approach and ability to enable organizations to explore possibilities and widen their views. Past clients include philanthropic organizations, non-profits, and workforce development initiatives.
1C – GROWING SUSTAINABILITY: INCREASING INCOME AND SOCIAL IMPACT: LEYF STORY ...CFG
LEYF is a social enterprise that provides high quality childcare in disadvantaged areas of London. It aims to serve 5,000 children and families by 2017. LEYF has experienced strong growth, increasing its revenue by 19% annually and the number of children served by 12% annually from 2008-2014. It plans to expand to 56 nurseries by 2017. LEYF uses a social enterprise model where profits from full-fee nurseries support nurseries in disadvantaged areas to maximize both social impact and financial sustainability.
SDGs: A framework for multi-sector CSR partnerships and value creationWayne Dunn
The SDGs can provide a globally accepted framework for public private CSR partnerships and collaboration. This keynote, presented at the Arabia CSR Forum 2016 in Dubai, outlines the potential and how to begin the process.
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter. If interested the CSR Knowledge Centre http://bit.ly/CSRknowledge contains a series of short, pragmatic articles on CSR Strategy, Management and related areas.
CSR Value and Responsibility: Shareholders, communities and governmentsWayne Dunn
A keynote presentation to the East Africa CSR Forum on Developing CSR Policies and Guidelines. Dar es Salaam, Tanzania, Sept 2013
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter
This document outlines how companies can create effective community relations programs. It discusses how companies are increasingly focusing on sustainability and corporate social responsibility due to competitive advantages, cost savings, and meeting customer and investor demands. The document recommends companies determine goals, establish protocols and criteria for involvement, get employee involvement, incorporate public relations elements, and establish metrics to measure impacts. It provides a case study of an auto insurer that partnered with law enforcement on a child safety seat program, leveraging PR strategies to raise the company's profile and garner positive media coverage.
The SDGs: A framework for social and business valueWayne Dunn
Lecture slides from a seminar on Best Practices in CSR presented by Wayne Dunn and hosted by the Canadian High Commission to Jamaica. Jan 24, 2017 in Kingston, Jamaica
Wayne Dunn's speaking notes from a plenary panel on Investing for Impact at the Jamaica Stock Exchange's Investment and Capital Markets Conference. Jan 25-26, 2017, Kingston, Jamaica
CSR-
CORPORAT SOCIAL RESPONSIBLITY
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Balance of Triple Bottom line (Economy, Environment, society)
Concept of CSR
CSR and Corporate Governance
CSR related concepts
Legal aspect
The Didi Society works to empower women through fair trade and education. It educates youth about social inequalities in the global trade system. Didi means respected elder sister in Hindi, reflecting the respectful relationship with partner women's groups. The organization offers volunteer opportunities, sells fair trade products, and runs education programs. It faces challenges of growing volunteer needs and a lack of funding as a social enterprise. The society hopes to expand education programs and retail reach while gaining paid staff and new partnerships.
Health Financing for Community Health Systems DokhoCORE Group
WorldVision partners with private sector businesses through collaborative public-private partnerships (PPPs) to jointly implement development and relief projects that support health initiatives. These partnerships allow businesses to align their philanthropic efforts with community needs, while providing WorldVision access to greater resources like expertise, networks, and funding. When engaging with companies, WorldVision keeps in mind that businesses' main objective is profit while NGOs focus on social good, so partnerships must create mutual value for both parties.
Love Educational Fund and Scholarship ProjectDerek Kwofie
This Documents carries the original Ideologies of the Author in the person of Derek Ben Kwofie Jr.
This documents can be adopted by Church Leaders, Apostles and Pastors to help support the less privileged in the Church to undertake any Form of Education be formal, informal or non-formal. it is geared towards Church growth and development.
The G15 Awards Scheme and Ceremony aims to celebrate the successes of students from difficult backgrounds in South East London. The first ceremony will take place in April 2011 for students ages 11-18, and will recognize achievements in areas like attendance, community service, and charity work. The goal is to encourage positive behavior, build self-esteem, and promote social cohesion by getting schools and local businesses to work together.
Community relations creating value for industry and communityWayne Dunn
Keynote presentation to the International Congress on Community Relations’ Global Forum in Lima, Peru, Aug. 2014. Discusses how community relations and CSR can create value for industry and community
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter
Fit4Kids aims to reduce childhood obesity in Richmond. They lack credibility and impact currently. Their objectives are to: 1) establish credibility as obesity experts, 2) position themselves as the community voice on obesity, and 3) shift thinking to see obesity as an opportunity. Key insights show kids want endorsed role models and parents want amplified voices. Fit4Kids wants to lead a movement by identifying core believers, turning them into leaders, establishing consistent messaging, displaying their symbol, and rallying continued support to ignite momentum in fighting childhood obesity.
This document discusses challenges with childhood obesity interventions and measuring dietary intake. It notes that while simple messages to "eat less and exercise more" are commonly prescribed, studies show such interventions have limited effectiveness. Methodological issues make accurately assessing dietary intake and determining the true causes of obesity difficult. The document examines a variety of factors potentially contributing to obesity, from food marketing and lack of activity to genetics and environmental chemicals. It emphasizes the complexity of obesity's causes and questions the reliability of common measures like BMI and self-reported diets.
This document discusses the benefits of physical fitness, including reducing the risk of chronic diseases, preventing weight gain, promoting better sleep and happiness, strengthening the heart and lungs, and reducing the risk of death. It also provides tips for making physical fitness easier, such as going on a daily jog, using fitness videos 3 times a week, dancing, playing with children or friends, swimming, joining a recreation league or gym, and doing yoga. The overall message is that regular physical activity has wide-ranging health benefits and can be incorporated into daily life through low-cost activities.
This document discusses healthy eating and exercise habits. It recommends eating a variety of fruits and vegetables, whole grains, healthy fats and proteins while limiting sugar, salt, and refined grains. For exercise, it suggests getting at least 150 minutes of moderate activity or 75 minutes of vigorous activity per week to stay healthy. Small, gradual lifestyle changes are emphasized over strict diets or unrealistic goals. Moderation, balance and listening to your body are keys to healthy living.
This document provides an introduction to fitness principles and testing. It defines physical fitness as the body's ability to function efficiently, consisting of health-related and skill-related components. Health-related components include body composition, aerobic endurance, flexibility, muscular strength and endurance. Skill-related components include speed, agility, balance, coordination and reaction time. It then describes the Physical Activity Pyramid and FITT principles of frequency, intensity, time and type for exercise. Finally, it outlines the Beep Test for measuring aerobic fitness and the Illinois Agility Test for measuring agility.
Physical fitness refers to the body's ability to function efficiently and carry out daily tasks, resist diseases, and handle emergencies. The main components of fitness include cardiovascular endurance, muscular endurance, strength, flexibility, and body composition. Physical fitness provides benefits such as improved heart health, weight management, better mood and reduced risks of diseases. Factors like age, gender, environment, stress levels, and illnesses can impact one's level of fitness.
“Business Ethics and CSR education towards building a holistic Business education program. How education can help elevate the business ethics situation in Bangladesh.
The document summarizes executive education programs offered by the Center for Professional Development at Saint Joseph's University. It provides information on the center's areas of expertise including marketing, leadership, innovation, and data analytics. It describes the center's customized approach to developing programs that meet organizations' unique needs and objectives. It also provides details about the university and Haub School of Business, noting their accreditation and rankings.
How to make social impact your growth strategy.Ellis Jones
Your business has a positive social impact. Understand it. Make it your growth strategy.
More information here:
http://www.ellisjones.com.au/social-impact-consulting/
The document is a summary of a meeting for the International Year of Co-operatives (IYC) 2012 Chair and CEO Summit in Canberra, Australia on August 17th, 2011. It discusses the importance of co-operatives and social enterprises in addressing challenges and building legacies. It highlights how communities can work together through co-operative values and principles to solve problems sustainably.
Matthew Caldwell, Graduate Assistant, Admissions Development, Crummer Graduate School of Business, Rollins College
This workshop will explain many of the ways in which service and the work students do in the Bonner Program not only translate but are needed in the world of business. This session will also include tips on how to succeed professionally with the power of service.
The document discusses corporate social responsibility (CSR) and provides examples of how some large Indian companies implement CSR initiatives. It explains that CSR can help businesses enhance their reputation, increase revenue, and mitigate risks. Examples are given of ITC Limited partnering with farmers, ICICI Bank working to help the poor access financial services, Infosys involvement in community programs, and Tata Consultancy Services' adult literacy program.
A guide to Enterprise Education For Enterprise Coordinators, teachers and lea...Ghazally Spahat
This guide has been produced following extensive research on Enterprise Education1 to ensure that it reflects the experiences and needs of those delivering Enterprise Education today and in the future.
Corporate social responsibility is becoming a renewed focus for companies. Non-profits can position themselves as a resource for companies seeking to integrate social responsibility into their business strategies. Successful corporate-nonprofit partnerships integrate the non-profit's mission and services into the company's CSR efforts in a way that provides value for both organizations. Non-profits must be prepared to demonstrate how their expertise can help companies achieve their social responsibility and business goals.
The Economics Center had a successful 2011 fiscal year in achieving its mission to provide economic education and information. It trained over 320 educators in 30 courses on meeting new state standards, reaching 8,000 local students. It also conducted 17 economic analyses for clients. The Center engaged over 19,000 middle and high school students in the Stock Market Game and 7,239 elementary students in the Student Enterprise Program. The report expresses gratitude to contributors, partners, and staff for helping advance the Center's work.
CSR-
CORPORAT SOCIAL RESPONSIBLITY
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public.
Balance of Triple Bottom line (Economy, Environment, society)
Concept of CSR
CSR and Corporate Governance
CSR related concepts
Legal aspect
The Didi Society works to empower women through fair trade and education. It educates youth about social inequalities in the global trade system. Didi means respected elder sister in Hindi, reflecting the respectful relationship with partner women's groups. The organization offers volunteer opportunities, sells fair trade products, and runs education programs. It faces challenges of growing volunteer needs and a lack of funding as a social enterprise. The society hopes to expand education programs and retail reach while gaining paid staff and new partnerships.
Health Financing for Community Health Systems DokhoCORE Group
WorldVision partners with private sector businesses through collaborative public-private partnerships (PPPs) to jointly implement development and relief projects that support health initiatives. These partnerships allow businesses to align their philanthropic efforts with community needs, while providing WorldVision access to greater resources like expertise, networks, and funding. When engaging with companies, WorldVision keeps in mind that businesses' main objective is profit while NGOs focus on social good, so partnerships must create mutual value for both parties.
Love Educational Fund and Scholarship ProjectDerek Kwofie
This Documents carries the original Ideologies of the Author in the person of Derek Ben Kwofie Jr.
This documents can be adopted by Church Leaders, Apostles and Pastors to help support the less privileged in the Church to undertake any Form of Education be formal, informal or non-formal. it is geared towards Church growth and development.
The G15 Awards Scheme and Ceremony aims to celebrate the successes of students from difficult backgrounds in South East London. The first ceremony will take place in April 2011 for students ages 11-18, and will recognize achievements in areas like attendance, community service, and charity work. The goal is to encourage positive behavior, build self-esteem, and promote social cohesion by getting schools and local businesses to work together.
Community relations creating value for industry and communityWayne Dunn
Keynote presentation to the International Congress on Community Relations’ Global Forum in Lima, Peru, Aug. 2014. Discusses how community relations and CSR can create value for industry and community
To keep updated on postings and events go to www.csrtraininginstitute.com and sign up for the newsletter
Fit4Kids aims to reduce childhood obesity in Richmond. They lack credibility and impact currently. Their objectives are to: 1) establish credibility as obesity experts, 2) position themselves as the community voice on obesity, and 3) shift thinking to see obesity as an opportunity. Key insights show kids want endorsed role models and parents want amplified voices. Fit4Kids wants to lead a movement by identifying core believers, turning them into leaders, establishing consistent messaging, displaying their symbol, and rallying continued support to ignite momentum in fighting childhood obesity.
This document discusses challenges with childhood obesity interventions and measuring dietary intake. It notes that while simple messages to "eat less and exercise more" are commonly prescribed, studies show such interventions have limited effectiveness. Methodological issues make accurately assessing dietary intake and determining the true causes of obesity difficult. The document examines a variety of factors potentially contributing to obesity, from food marketing and lack of activity to genetics and environmental chemicals. It emphasizes the complexity of obesity's causes and questions the reliability of common measures like BMI and self-reported diets.
This document discusses the benefits of physical fitness, including reducing the risk of chronic diseases, preventing weight gain, promoting better sleep and happiness, strengthening the heart and lungs, and reducing the risk of death. It also provides tips for making physical fitness easier, such as going on a daily jog, using fitness videos 3 times a week, dancing, playing with children or friends, swimming, joining a recreation league or gym, and doing yoga. The overall message is that regular physical activity has wide-ranging health benefits and can be incorporated into daily life through low-cost activities.
This document discusses healthy eating and exercise habits. It recommends eating a variety of fruits and vegetables, whole grains, healthy fats and proteins while limiting sugar, salt, and refined grains. For exercise, it suggests getting at least 150 minutes of moderate activity or 75 minutes of vigorous activity per week to stay healthy. Small, gradual lifestyle changes are emphasized over strict diets or unrealistic goals. Moderation, balance and listening to your body are keys to healthy living.
This document provides an introduction to fitness principles and testing. It defines physical fitness as the body's ability to function efficiently, consisting of health-related and skill-related components. Health-related components include body composition, aerobic endurance, flexibility, muscular strength and endurance. Skill-related components include speed, agility, balance, coordination and reaction time. It then describes the Physical Activity Pyramid and FITT principles of frequency, intensity, time and type for exercise. Finally, it outlines the Beep Test for measuring aerobic fitness and the Illinois Agility Test for measuring agility.
Physical fitness refers to the body's ability to function efficiently and carry out daily tasks, resist diseases, and handle emergencies. The main components of fitness include cardiovascular endurance, muscular endurance, strength, flexibility, and body composition. Physical fitness provides benefits such as improved heart health, weight management, better mood and reduced risks of diseases. Factors like age, gender, environment, stress levels, and illnesses can impact one's level of fitness.
“Business Ethics and CSR education towards building a holistic Business education program. How education can help elevate the business ethics situation in Bangladesh.
The document summarizes executive education programs offered by the Center for Professional Development at Saint Joseph's University. It provides information on the center's areas of expertise including marketing, leadership, innovation, and data analytics. It describes the center's customized approach to developing programs that meet organizations' unique needs and objectives. It also provides details about the university and Haub School of Business, noting their accreditation and rankings.
How to make social impact your growth strategy.Ellis Jones
Your business has a positive social impact. Understand it. Make it your growth strategy.
More information here:
http://www.ellisjones.com.au/social-impact-consulting/
The document is a summary of a meeting for the International Year of Co-operatives (IYC) 2012 Chair and CEO Summit in Canberra, Australia on August 17th, 2011. It discusses the importance of co-operatives and social enterprises in addressing challenges and building legacies. It highlights how communities can work together through co-operative values and principles to solve problems sustainably.
Matthew Caldwell, Graduate Assistant, Admissions Development, Crummer Graduate School of Business, Rollins College
This workshop will explain many of the ways in which service and the work students do in the Bonner Program not only translate but are needed in the world of business. This session will also include tips on how to succeed professionally with the power of service.
The document discusses corporate social responsibility (CSR) and provides examples of how some large Indian companies implement CSR initiatives. It explains that CSR can help businesses enhance their reputation, increase revenue, and mitigate risks. Examples are given of ITC Limited partnering with farmers, ICICI Bank working to help the poor access financial services, Infosys involvement in community programs, and Tata Consultancy Services' adult literacy program.
A guide to Enterprise Education For Enterprise Coordinators, teachers and lea...Ghazally Spahat
This guide has been produced following extensive research on Enterprise Education1 to ensure that it reflects the experiences and needs of those delivering Enterprise Education today and in the future.
Corporate social responsibility is becoming a renewed focus for companies. Non-profits can position themselves as a resource for companies seeking to integrate social responsibility into their business strategies. Successful corporate-nonprofit partnerships integrate the non-profit's mission and services into the company's CSR efforts in a way that provides value for both organizations. Non-profits must be prepared to demonstrate how their expertise can help companies achieve their social responsibility and business goals.
The Economics Center had a successful 2011 fiscal year in achieving its mission to provide economic education and information. It trained over 320 educators in 30 courses on meeting new state standards, reaching 8,000 local students. It also conducted 17 economic analyses for clients. The Center engaged over 19,000 middle and high school students in the Stock Market Game and 7,239 elementary students in the Student Enterprise Program. The report expresses gratitude to contributors, partners, and staff for helping advance the Center's work.
Presentation To Sustainable Resources Conference BoulderMark Pomerantz
The document proposes a model for social entrepreneurship centers at colleges and universities. The centers would provide technical assistance to nonprofit organizations, disadvantaged small businesses, and socially responsible for-profit businesses. They would offer student learning opportunities through internships, research, and volunteering. The centers would be staffed by a director, assistant director, student interns, and volunteer business coaches recruited from the local community. The goals are to advance the field through research, training, and consulting programs while strengthening communities through entrepreneurship.
Corporate social responsibility (CSR) aligns business goals with social values to benefit both society and companies. While some see CSR as charity, it is most effective when social impact is creatively integrated into business strategies. Done right, CSR can boost profits by attracting customers, retaining employees, cutting costs, and increasing revenues, all while generating positive social change. For CSR to be successful, companies must develop workable strategies, implement them effectively over the long term, measure results, and manage public perception of their efforts.
The document describes the L.I.F.E. project, a 360-degree youth development program. It uses pillars of Reach, Introduce, Coach, and Review (RICR) to develop youth. Its goals are to produce young citizens that thrive. The pillars are supported by root principles of spiritual awareness, entrepreneurship, education, finances, health, and community. Youth will receive training at Restoration Centers using an interactive toolbox to replicate the knowledge into their own communities. The program aims to strengthen families and communities by regenerating youth transformations to others.
This document discusses the importance and challenges of family businesses. It notes that family businesses are significant contributors to the local and global economy through job creation, economic activity, and tax revenues. They also tend to have a long-term perspective focused on sustainable growth. However, they face unique challenges around succession planning, balancing family and business, and professionalizing as the business grows. When family members have strong cohesion and governance structures, it can strengthen the business foundation and help ensure long-term success across generations.
Brendan Connolly interviewed his father Kevin Connolly and Jessica Somos about their occupations. Kevin is the Director of Finance at the University of Toledo Medical Center, where he is responsible for financial reporting, accounting, budgeting, and governmental reimbursement on a large scale across Northwest Ohio. Jessica is a Marketing Intern at the University of Toledo, where she maintains client relationships, fulfills marketing projects, conducts research, and assists with branding and external campaigns on a smaller scale within the university. Both occupations involve research and multiple responsibilities, but differ in their scope and focus areas within business and healthcare.
An efficient education system achieves maximum results with minimum investment. High productivity benefits organizations and nations by improving standards of living and competitiveness. Effective leadership, clear expectations, talent development, and continual improvement are keys to organizational excellence. High morale, reputation, growth and stability, value to the community, and public service also contribute to successful institutions.
SUSTAINABLE INVESTING STRATEGIES: WHY INVESTOR INTEREST CONTINUES - Michael L...IFG Network marcus evans
Michael Lent, VERIS WEALTH PARTNERS - Speaker at the 2013 IFG Wealth Management Forum held in Phoenix, AZ, April 22-23, delivered his presentation entitled SUSTAINABLE INVESTING STRATEGIES: WHY INVESTOR INTEREST CONTINUES
EY EMEIA FS Corporate Sustainability Report FY2013_FINALCora Ng
The document provides an overview of EY's commitment and approach to corporate sustainability in its EMEIA Financial Services region. It discusses EY's focus on creating a better working financial services industry through collaborating with clients to drive innovation and sustainable growth. It outlines EY's commitments to its clients, people, and communities. It then provides details on EY's financial services clients and industry, embedding sustainability in core services, and initiatives to support better working banking, insurance, and asset management. The document shares EY's fiscal year 2013 sustainability performance and approach.
The document outlines a program called SEBA that aims to create student leadership clubs in high schools. The program will provide leadership training to students and involve local businesses. It seeks to strengthen collaboration between educational institutions, businesses, community organizations, and government through joint activities and partnerships. The goals are to develop students' life skills and promote sustainable community growth.
This document discusses social enterprises and social investment. It defines social enterprises as businesses that apply commercial strategies to maximize social and environmental benefits rather than profits. They reinvest profits back into the community. The document outlines legal structures for social enterprises and factors that make a good social enterprise, such as a clear social motivation and reinvesting profits. It also defines social investment as financing that aims for both social and financial returns, and provides an example of a social investment in a training academy.
1. Business as a Change Agent
for Economic and Social Good
Dr. Joseph Williams
Dean
School of Business, Government, and Economics
E N G A G I N G T H E C U L T U R E , C H A N G I N G T H E W O R L D .
7. Business as a Force for Good is on
the rise
Don’t be evil
The rise of Benefit
Corporations
Environmental
Activism
Invest in people and
communities
Healthy outcomes
Sustainability
Eradicate Poverty
Public good and Business have been intertwined since the dawn of civilization. Producers and merchants historically operated in a context where individual initiative was encouraged by grants from a ruler or government of some kind and, in return for the right to keep profits, producers and merchants were expected to provide value that contributed to the vitality of the empire or kingdom.
Roman wine or olive oil producer
Marco Polo – merchant opening new markets for Venice
A long historical record of business structures being created to attract private money to fund public projects for the “greater good” that dates back to the Greek and Roman empires The evolution towards the modern corporation found profound expression in the 1602 creation of the Dutch East India Company that was chartered to further Dutch colonial interests in Asia without putting a strain on the Dutch government’s coffers. In addition, the DEIC was able to return an annual 18% dividend to its Dutch shareholders for 200 years, creating enormous prosperity back home.
Prior to the 1929, US business typically focused on achieving a reasonable profit while ensuring the livelihood of its employees and the well-being of the community.
Many companies were either founded to provide economic prosperity to a community and/or to further a specific cause.
1851 – Corning- founded as a science company for scientists to sell innovation
1905 – HEB Grocery Stores, Community flourishing & Christian company
1927 – Marriott founded on business principles that support church, charity, and country
The crash of 1929 led to a serious debate in this country about the purpose of business between profit maximization versus social service but companies were still being founded with a social agenda.
1929 – ServiceMaster (Terminix) founded as a Christian company
1938 – REI founded as a coop to support the climbing industry
1950 – Interstate Battery founded as a Christian company and for community flourishing
Since Milton Friedman and the 1960s, focus has shift to profit maximization for the benefit of shareholders and/or management. Corporations have increasingly divorced themselves from obligations to their employees, their communities, or social purposes. And now many of them are divorcing themselves from national interests.
GE – Jack Welch (“we are a global company that just happens to be headquartered in the US)
* Ford: Alex Trotman, CEO (90s): Ford isn’t even an American company, strictly speaking
* IBM VP Ralph Gomery (2007): “the interests of companies and counties have diverged”
Koch / Grover Norquist – shrink government so you can drown it in the bathtub and let business operate unfettered
IBM: Relentless cost-cutting, offshoring, lack of R&D investment to boost stock price
* IBM tried to patent its offshoring blueprint in 2009
* In 2013 IBM lost huge CIA cloud deal to Amazon because “not technically competitive” even though cheaper
** Cutting costs without innovation eventually fails; look at HP
Walmart: 80% of its products now made in China; many employees on government assistance
Sunbeam: Al Dunlop (cut so much the company went bankrupt in 2001)
Google: wording in their 2004 IPO filing
Benefit Corporation: Adds consideration for social and environmental outcomes to corporate charter
Patagonia: 100% recycleable materials; 1% of revenue / 10% profits to environmental causes
Costco: Living wages, “duty to give back” – Charlie Munger: “COSTCO does more for civilization than the Rockefeller Foundation”
O Revolution Foods: trying to ignite a healthy food revolution for children in school food programs; food education
Biogen idec: Focus on unmet medical needs (orphan drugs) and massive investment in sustainable footprint
Produits du Sud (Root Capital): invest in gum and sesame processing plants in Mali