IBM's Institute for Business Value conducted a survey of over 250 business executives worldwide about corporate social responsibility (CSR). The survey found that most companies now see CSR as an opportunity for growth rather than just a cost of doing business. Specifically:
- 68% of surveyed executives said their companies are focusing CSR activities on creating new revenue streams.
- Over half said their CSR activities already give them a competitive advantage.
- However, 76% admitted they don't fully understand their customers' expectations around CSR.
The document discusses how increased connectivity and information sharing have led to greater visibility into companies' operations and supply chains. It also outlines strategies for companies to integrate CSR into their core business strategies and operations
The Four Cornerstones of the Conscious Corporation - PresentationEuro RSCG Worldwide
This document discusses the rise of corporate power over the past 200+ years and increasing distrust in corporations due to scandals. However, consumers now expect more from corporations in terms of social responsibility. The document proposes four cornerstones of the "conscious corporation" of the future: 1) a purpose beyond profit, 2) a people-centered culture, 3) championing sustainability, and 4) respecting consumers' power. Examples of companies embracing these principles are provided. The rewards of cultivating a strong reputation through these means are discussed.
The document discusses how businesses need to adapt to the changing social media landscape. It notes that information is increasingly being created by individuals and the digital universe is doubling every two years. It states that in this new environment, customers can be advocates for or against brands, and employees are company ambassadors. The challenges for businesses include unclear social media objectives and measurement, underperforming initiatives, misaligned skills, lack of coordination, and closed cultures. It argues that brands must become social, connected and agile by planning for social business initiatives both internally and externally. Adapting to the new landscape is important because customers and expectations have evolved, anyone can be an activist, crisis management happens in real time, marketing is social, and ideas
The document discusses how businesses must adapt to the changing social media landscape. It notes that in today's world, customers can be advocates or critics and that information is no longer controlled by companies. It also highlights challenges companies face with unclear social media objectives, underperforming initiatives, and lack of coordination across departments. The document argues that businesses need to become more social, connected and agile by planning for social business initiatives both internally and externally. This will help companies address issues like real-time crisis management, social marketing, and embracing greater responsibility.
1. Marketers can play an important role in corporate social responsibility (CSR) initiatives due to their close connections to customers and external communications roles. As customer interests in sustainability grow, marketers are well-positioned to champion CSR.
2. The document examines how some companies like Nike and The Body Shop have improved their CSR efforts and benefited their brands over time. It also provides the example of Westpac as an Australian company that takes CSR seriously.
3. While banks produce impressive CSR reports, the document argues they could improve in two key areas - curbing corporate greed to avoid "bad profits", and more transparency around lending practices and their impacts on communities and the environment. Marketers can help
How humanized businesses are growing by establishing a purpose beyond profits and a people-centered culture, championing sustainability, and respecting consumers' power. Includes select findings from Euro RSCG Worldwide's The Future of the Corporate Brand study, plus information on Good for Business: The Rise of the Conscious Corporation (Palgrave Macmillan).
Corporate social responsibility 4 generations of csrritiruchi
The document discusses the three generations of corporate social responsibility (CSR). The first generation focused on corporate philanthropy. The second generation sees CSR as an integral part of long-term business strategy. A third generation is needed where whole markets and public policies support sustainability and addressing social issues. However, questions remain around the appropriate roles and responsibilities of businesses versus governments and civil society.
The Four Cornerstones of the Conscious Corporation - PresentationEuro RSCG Worldwide
This document discusses the rise of corporate power over the past 200+ years and increasing distrust in corporations due to scandals. However, consumers now expect more from corporations in terms of social responsibility. The document proposes four cornerstones of the "conscious corporation" of the future: 1) a purpose beyond profit, 2) a people-centered culture, 3) championing sustainability, and 4) respecting consumers' power. Examples of companies embracing these principles are provided. The rewards of cultivating a strong reputation through these means are discussed.
The document discusses how businesses need to adapt to the changing social media landscape. It notes that information is increasingly being created by individuals and the digital universe is doubling every two years. It states that in this new environment, customers can be advocates for or against brands, and employees are company ambassadors. The challenges for businesses include unclear social media objectives and measurement, underperforming initiatives, misaligned skills, lack of coordination, and closed cultures. It argues that brands must become social, connected and agile by planning for social business initiatives both internally and externally. Adapting to the new landscape is important because customers and expectations have evolved, anyone can be an activist, crisis management happens in real time, marketing is social, and ideas
The document discusses how businesses must adapt to the changing social media landscape. It notes that in today's world, customers can be advocates or critics and that information is no longer controlled by companies. It also highlights challenges companies face with unclear social media objectives, underperforming initiatives, and lack of coordination across departments. The document argues that businesses need to become more social, connected and agile by planning for social business initiatives both internally and externally. This will help companies address issues like real-time crisis management, social marketing, and embracing greater responsibility.
1. Marketers can play an important role in corporate social responsibility (CSR) initiatives due to their close connections to customers and external communications roles. As customer interests in sustainability grow, marketers are well-positioned to champion CSR.
2. The document examines how some companies like Nike and The Body Shop have improved their CSR efforts and benefited their brands over time. It also provides the example of Westpac as an Australian company that takes CSR seriously.
3. While banks produce impressive CSR reports, the document argues they could improve in two key areas - curbing corporate greed to avoid "bad profits", and more transparency around lending practices and their impacts on communities and the environment. Marketers can help
How humanized businesses are growing by establishing a purpose beyond profits and a people-centered culture, championing sustainability, and respecting consumers' power. Includes select findings from Euro RSCG Worldwide's The Future of the Corporate Brand study, plus information on Good for Business: The Rise of the Conscious Corporation (Palgrave Macmillan).
Corporate social responsibility 4 generations of csrritiruchi
The document discusses the three generations of corporate social responsibility (CSR). The first generation focused on corporate philanthropy. The second generation sees CSR as an integral part of long-term business strategy. A third generation is needed where whole markets and public policies support sustainability and addressing social issues. However, questions remain around the appropriate roles and responsibilities of businesses versus governments and civil society.
This document summarizes a report on sustainable business practices at different levels of organizations. It discusses how attitudes have shifted to view businesses as having broader social responsibilities. While profits remain important, stakeholders now expect companies to operate responsibly. The document examines challenges in integrating sustainability, such as short-term thinking from public investors. It provides examples of companies finding business value in tackling social and environmental issues core to their operations through employee engagement, goal-setting and transparency.
We identify shared value business opportunities and match brands with the Social Entrepreneurs (who we call Social Innovation Rockstars, or SIRs) that deliver tangible solutions and authentic consumer engagement with general consumer audiences. This presentation outlines how we help bring institutional infrastructure and entrepreneurial ingenuity together to help brands establish real trust and credibility. Let's rock.
THE CORPORATE RESPONSIBILITY OPPORTUNITY - Echo Research - Cone CommunicationYoumatter
Ce document est gracieusement proposé par Echo Research dans le cadre d'une étude d'opportunité menée mondialement sur la Résponsabilité Sociétale des Entreprises.
This document summarizes an academic article published in the European Journal of Business and Management that discusses different views on corporate social responsibility. The article provides an introduction to CSR and outlines two main schools of thought - the classical economic view that a company's sole responsibility is to maximize profits, and the stakeholder view that companies have a responsibility to consider interests beyond just shareholders. The article then reviews various perspectives from literature on this topic, including instrumental theories that see CSR as a strategic tool for profits, and normative theories that see CSR as an ethical obligation. It concludes that contemporary organizations see CSR as an ethical approach that can provide both community and company benefits despite sometimes being criticized as just a marketing tactic.
Social business or social enterprise needs careful planning. This slide series was developed and presented for the Social Business Launch Pad seminars by William P. Kittredge, PhD. The Social Business Launch Pad is a joint education seminar series co-sponsored by the Yunus Center at AIT and the Thai Social Enterprise Office http://www.tseo.or.th/
1) A new paradigm of "corporate citizenship" is emerging that views corporations as full citizens responsible for all stakeholders, not just shareholders.
2) Early corporate social responsibility initiatives focused on improving workers' lives, but government regulation increased as abuses were exposed.
3) Today, consumers expect corporations to address social and environmental issues authentically through strategic initiatives that also build brand value.
A practical guide to Success in Interactive Marketing. Master Inbound Marketing, Online Promotion, Social Media, Search Optimization and content creation. A great place to get started. Innovative new ideas and practical tips.
Corporate Social Responsibiliity In The Hospitality Industryceciljay
A white paper on current CSR practices in the hospitality industry and the significant variance between espoused values and the necessary performance based measurement to support them.
The recent Outlook for Australian Social Business 2012 showed there was a perception gap between brands and customers. This goes far beyond "social media" - and becoming a "Social Business" means reaching beyond just Facebook or Twitter. It's about transforming your business, industry and relationships.
The document criticizes common perceptions of corporate social responsibility (CSR) and provides insights from the author's research on the topic. The author evaluated 75 companies and found that CSR is most effective when it is integral to a company's purpose and strategy, rather than a superficial marketing exercise or form of philanthropy. True leaders in CSR, like General Electric, have social and environmental goals that drive business innovation and performance. The author dispels myths that CSR is just about brand differentiation or that companies must pursue many CSR areas to be effective. Focused strategies in key areas are more impactful.
Refreshing the Role of Internal Communications: A critical business response ...guest52b098
Internal communications has a vital role to play in driving the value of business relationships.
Amidst tighter wallets and shrinking budgets, the need for businesses to make the most of their marketing manpower is stronger than ever.
This document provides the results of a study benchmarking the social media performance of companies in the FTSE 100 index. It analyzes companies' performance on websites, Twitter, Facebook, YouTube and LinkedIn using a quantitative methodology. Major differences in performance are observed between companies and sectors. The document aims to show that social media performance matters competitively and should concern senior management, not just marketing, and provides recommendations on improving social strategies.
The Effect of CSR on Brand Equity in the IT Solutions Industry; the Case of A...frank acheampong
This document summarizes a research paper on the effect of corporate social responsibility (CSR) on brand equity in the IT solutions industry. It provides background on the shift toward recognizing brands and intangible assets as valuable corporate resources. It also discusses how CSR has become increasingly important and can help differentiate brands. The research aims to analyze customer awareness of CSR activities at Alsale Service Limited, an IT solutions company, and examine how CSR creates brand equity. It outlines three research questions regarding customer awareness, Alsale's CSR activities, and how CSR impacts its brand equity.
The document discusses social media use for businesses. It is a summary of a meeting between Kinship Digital, a social media consultancy, and CEOs. The meeting covered why Australians are addicted to social media, the consequences for businesses and executives, and a strategic view of social media internally and externally. Case studies were also reviewed that deliver a return on investment from social media use.
Flagship Consulting, a specialist professional services communications company, has published its ‘Social Media in Accountancy’ report. We have analysed the top 60 accountancy firms, according to fee income by Accountancy Age, and conducted a review of their social media activity. Our report positions these top 60 firms according to their social media prowess.
IBM's values include being socially responsible and a leader in reducing energy requirements through partnerships and investing in new technologies. The document proposes examining IBM's current efforts to reduce its own energy use and how other companies can learn from these lessons, such as reducing requirements for partners and vendors, in order to benefit IBM through partnerships and establish it as a leader in corporate citizenship.
A description of corporate social responsibility to which we encourage IBM to support the stopping of domestic violence. Domestic Violence statistics are given and reasons why IBM should support this cause.
I.B.M. is accused of violating principles of corporate social responsibility related to human rights, labor rights, and anti-corruption rules according to a document that also discusses I.B.M.'s environmental protection efforts and the ten principles of CSR.
Infosys was founded in 1981 in Bangalore, India by N.R. Narayana Murthy and six others. It now has development centers across India focused on corporate social responsibility programs, especially for underprivileged children. The three major areas of focus for their CSR programs are learning and education through donations of books and school reconstruction, art and healthcare such as cultural programs and construction of hospitals, and social rehabilitation and upliftment like building hostels and helping rehabilitate those in need.
vocational education in India and challengesmp poonia
This document discusses skills development for rural youth in India. It notes that over 3 billion people worldwide live in rural villages, with 92% of the world's villages located in developing countries like India. India faces major challenges in developing skills and employment opportunities for its large rural youth population, as only 2% have formal vocational training compared to other countries where the percentage is much higher. There is a need to increase access to skills development programs and improve employability for marginalized communities. The document outlines India's policies and initiatives to address this, including the goal of training 500 million people by 2022 through public and private partnerships.
Corporate social responsibility of Infosys 2014.Tirru Sharrma
Corporate social responsibility (CSR) refers to companies considering the interests of society through their business operations and activities. CSR components include economic, legal, ethical, and philanthropic responsibilities. Infosys allocates 1% of its post-tax profits to its foundation for CSR activities like rural development, healthcare, education, art, and environmental conservation. Through projects across India, the Infosys Foundation has contributed to social rehabilitation, rural upliftment, healthcare, learning, art, and the environment.
Centum Learning offers end-to-end skill building programmes focusing on improving the employability quotient of aspirants. Centum Learning‘s proven expertise in capability building can partner you to fulfill both business and CSR goals.
This document summarizes a report on sustainable business practices at different levels of organizations. It discusses how attitudes have shifted to view businesses as having broader social responsibilities. While profits remain important, stakeholders now expect companies to operate responsibly. The document examines challenges in integrating sustainability, such as short-term thinking from public investors. It provides examples of companies finding business value in tackling social and environmental issues core to their operations through employee engagement, goal-setting and transparency.
We identify shared value business opportunities and match brands with the Social Entrepreneurs (who we call Social Innovation Rockstars, or SIRs) that deliver tangible solutions and authentic consumer engagement with general consumer audiences. This presentation outlines how we help bring institutional infrastructure and entrepreneurial ingenuity together to help brands establish real trust and credibility. Let's rock.
THE CORPORATE RESPONSIBILITY OPPORTUNITY - Echo Research - Cone CommunicationYoumatter
Ce document est gracieusement proposé par Echo Research dans le cadre d'une étude d'opportunité menée mondialement sur la Résponsabilité Sociétale des Entreprises.
This document summarizes an academic article published in the European Journal of Business and Management that discusses different views on corporate social responsibility. The article provides an introduction to CSR and outlines two main schools of thought - the classical economic view that a company's sole responsibility is to maximize profits, and the stakeholder view that companies have a responsibility to consider interests beyond just shareholders. The article then reviews various perspectives from literature on this topic, including instrumental theories that see CSR as a strategic tool for profits, and normative theories that see CSR as an ethical obligation. It concludes that contemporary organizations see CSR as an ethical approach that can provide both community and company benefits despite sometimes being criticized as just a marketing tactic.
Social business or social enterprise needs careful planning. This slide series was developed and presented for the Social Business Launch Pad seminars by William P. Kittredge, PhD. The Social Business Launch Pad is a joint education seminar series co-sponsored by the Yunus Center at AIT and the Thai Social Enterprise Office http://www.tseo.or.th/
1) A new paradigm of "corporate citizenship" is emerging that views corporations as full citizens responsible for all stakeholders, not just shareholders.
2) Early corporate social responsibility initiatives focused on improving workers' lives, but government regulation increased as abuses were exposed.
3) Today, consumers expect corporations to address social and environmental issues authentically through strategic initiatives that also build brand value.
A practical guide to Success in Interactive Marketing. Master Inbound Marketing, Online Promotion, Social Media, Search Optimization and content creation. A great place to get started. Innovative new ideas and practical tips.
Corporate Social Responsibiliity In The Hospitality Industryceciljay
A white paper on current CSR practices in the hospitality industry and the significant variance between espoused values and the necessary performance based measurement to support them.
The recent Outlook for Australian Social Business 2012 showed there was a perception gap between brands and customers. This goes far beyond "social media" - and becoming a "Social Business" means reaching beyond just Facebook or Twitter. It's about transforming your business, industry and relationships.
The document criticizes common perceptions of corporate social responsibility (CSR) and provides insights from the author's research on the topic. The author evaluated 75 companies and found that CSR is most effective when it is integral to a company's purpose and strategy, rather than a superficial marketing exercise or form of philanthropy. True leaders in CSR, like General Electric, have social and environmental goals that drive business innovation and performance. The author dispels myths that CSR is just about brand differentiation or that companies must pursue many CSR areas to be effective. Focused strategies in key areas are more impactful.
Refreshing the Role of Internal Communications: A critical business response ...guest52b098
Internal communications has a vital role to play in driving the value of business relationships.
Amidst tighter wallets and shrinking budgets, the need for businesses to make the most of their marketing manpower is stronger than ever.
This document provides the results of a study benchmarking the social media performance of companies in the FTSE 100 index. It analyzes companies' performance on websites, Twitter, Facebook, YouTube and LinkedIn using a quantitative methodology. Major differences in performance are observed between companies and sectors. The document aims to show that social media performance matters competitively and should concern senior management, not just marketing, and provides recommendations on improving social strategies.
The Effect of CSR on Brand Equity in the IT Solutions Industry; the Case of A...frank acheampong
This document summarizes a research paper on the effect of corporate social responsibility (CSR) on brand equity in the IT solutions industry. It provides background on the shift toward recognizing brands and intangible assets as valuable corporate resources. It also discusses how CSR has become increasingly important and can help differentiate brands. The research aims to analyze customer awareness of CSR activities at Alsale Service Limited, an IT solutions company, and examine how CSR creates brand equity. It outlines three research questions regarding customer awareness, Alsale's CSR activities, and how CSR impacts its brand equity.
The document discusses social media use for businesses. It is a summary of a meeting between Kinship Digital, a social media consultancy, and CEOs. The meeting covered why Australians are addicted to social media, the consequences for businesses and executives, and a strategic view of social media internally and externally. Case studies were also reviewed that deliver a return on investment from social media use.
Flagship Consulting, a specialist professional services communications company, has published its ‘Social Media in Accountancy’ report. We have analysed the top 60 accountancy firms, according to fee income by Accountancy Age, and conducted a review of their social media activity. Our report positions these top 60 firms according to their social media prowess.
IBM's values include being socially responsible and a leader in reducing energy requirements through partnerships and investing in new technologies. The document proposes examining IBM's current efforts to reduce its own energy use and how other companies can learn from these lessons, such as reducing requirements for partners and vendors, in order to benefit IBM through partnerships and establish it as a leader in corporate citizenship.
A description of corporate social responsibility to which we encourage IBM to support the stopping of domestic violence. Domestic Violence statistics are given and reasons why IBM should support this cause.
I.B.M. is accused of violating principles of corporate social responsibility related to human rights, labor rights, and anti-corruption rules according to a document that also discusses I.B.M.'s environmental protection efforts and the ten principles of CSR.
Infosys was founded in 1981 in Bangalore, India by N.R. Narayana Murthy and six others. It now has development centers across India focused on corporate social responsibility programs, especially for underprivileged children. The three major areas of focus for their CSR programs are learning and education through donations of books and school reconstruction, art and healthcare such as cultural programs and construction of hospitals, and social rehabilitation and upliftment like building hostels and helping rehabilitate those in need.
vocational education in India and challengesmp poonia
This document discusses skills development for rural youth in India. It notes that over 3 billion people worldwide live in rural villages, with 92% of the world's villages located in developing countries like India. India faces major challenges in developing skills and employment opportunities for its large rural youth population, as only 2% have formal vocational training compared to other countries where the percentage is much higher. There is a need to increase access to skills development programs and improve employability for marginalized communities. The document outlines India's policies and initiatives to address this, including the goal of training 500 million people by 2022 through public and private partnerships.
Corporate social responsibility of Infosys 2014.Tirru Sharrma
Corporate social responsibility (CSR) refers to companies considering the interests of society through their business operations and activities. CSR components include economic, legal, ethical, and philanthropic responsibilities. Infosys allocates 1% of its post-tax profits to its foundation for CSR activities like rural development, healthcare, education, art, and environmental conservation. Through projects across India, the Infosys Foundation has contributed to social rehabilitation, rural upliftment, healthcare, learning, art, and the environment.
Centum Learning offers end-to-end skill building programmes focusing on improving the employability quotient of aspirants. Centum Learning‘s proven expertise in capability building can partner you to fulfill both business and CSR goals.
This document discusses vocational education in India. It defines vocational education as education that prepares people for specific trades through developing technical skills. It outlines the need for vocational education in India to reduce unemployment and boost the economy. It lists the various vocational subjects available at secondary level and the agencies involved in technical and vocational education. It also discusses the advantages, disadvantages, and challenges of vocational education in India.
Tata Steel was established in 1907 in eastern India with a vision of corporate social responsibility under its founder Jamsetji Tata. Some notable CSR initiatives undertaken by Tata Steel over the years include establishing eight hour workdays in 1912, employee welfare schemes in 1916, and responding to natural disasters with relief supplies. CSR is deeply engrained in Tata Steel's organizational culture and it has implemented various programs focused on the environment, employee relations, community development, healthcare, education and the arts. Tata Steel aims to be a responsible corporate citizen and improve the quality of life in the areas it operates.
This document summarizes Azim Premji's leadership of Wipro and their CSR initiatives. It discusses that Azim Premji took over Wipro in 1966 and transformed it into a consumer goods and later software company. It outlines several of Wipro's achievements and certifications. It then describes Wipro's CSR programs which focus on education through initiatives like Wipro Cares and Mission 10X, as well as environmental sustainability through Eco Eye.
Corporate Social Responsibility- Microsoft CorporationNikita Jangid
This document provides an introduction to corporate social responsibility (CSR). It defines CSR as how firms integrate social, environmental, and economic concerns transparently and accountably to create value for both the business and society. The document outlines key drivers of CSR like sustainable development, globalization, governance, corporate sector impact, communications, and finance. It also discusses the emergence of CSR as a public and business concern from the 1950s to today.
This document provides information about Infosys' corporate social responsibility initiatives. It discusses that Infosys was founded in 1981 by seven individuals including N.R. Narayan Murthy. Infosys is now a multinational company listed on BSE and NASDAQ, and is the second largest IT company in India with over 142,822 employees. The document then outlines Infosys' CSR activities which are focused on learning and education, art and healthcare, and social rehabilitation. It provides examples of donations to schools, construction of hospitals, and hostels through the Infosys Foundation headed by Sudha Murthy.
This document discusses corporate social responsibility (CSR) and how companies are increasingly viewing CSR as a strategic opportunity for growth rather than just a cost of doing business. It summarizes the results of a survey of 250 business leaders. Key points:
- 68% of business leaders see CSR as an opportunity to create new revenue streams rather than just a cost of compliance. However, 76% admit they don't understand customer CSR expectations well.
- Companies are providing more information about their operations and supply chains but there remains a disconnect between what companies believe satisfies customers and actual customer expectations.
- Visibility into company operations has increased with the internet and companies need to meet this with transparency to build trust with customers and society
This document discusses the importance of corporate social responsibility (CSR) communication. It argues that communicating CSR initiatives is good for business, as stakeholders increasingly demand transparency and reward responsible companies. While CSR communication was once optional, the global marketplace now requires companies to clearly identify what makes them unique, including their social and environmental practices. Research shows companies communicating their CSR efforts enhance their reputation and develop consumer trust. Overall, effective CSR communication can improve a company's competitive advantage and likelihood of success.
This document provides an overview of social business and how organizations are applying social approaches. Some key points:
- Social business involves embedding social tools and practices into organizational activities both internally and externally. This allows for improved knowledge sharing, collaboration, and customer experiences.
- Leading organizations are applying social business to create valued customer experiences, drive workforce productivity and effectiveness, and accelerate innovation.
- To create customer value, companies are using social media to engage and listen to customers, build online communities, and shift marketing and sales online.
- Applying social approaches internally increases transparency, allows experts to more easily share knowledge, and improves collaboration both within and outside the organization.
- While investment in social business is
1) The document discusses how corporate social responsibility has become a strategic priority for many organizations as they recognize the need for more sustainable business practices.
2) It argues that to meet strategic sustainability objectives, organizations need new sources of operational, supply chain, and customer information to gain insights. However, many organizations still lack the relevant information to make strategic decisions regarding sustainability.
3) The document suggests that leading organizations collaborate with partners across their ecosystems to share information, benchmark practices, and develop common sustainability standards in order to improve their performance while increasing efficiency.
This document discusses corporate social responsibility (CSR) and how companies can use it as a business strategy to build trust and improve reputation. It defines CSR and notes that while there is no single definition, it generally refers to a company's commitment to operate ethically and contribute to economic and social development. The document also discusses the debate around CSR, with some arguing that a company's only responsibility is to maximize profits, while others believe companies should also consider social and environmental impacts. It presents research finding that the majority of global CEOs expect CSR practices to influence purchasing decisions. Additionally, it provides examples of how companies implement CSR through various initiatives and notes that consistent CSR commitment can help build a strong brand and reputation over the long run.
Social business is transforming how organizations operate through the use of social media and networking tools. A three-day online discussion ("Jam") with over 2,700 participants from 80+ countries explored this topic. Key insights included: 1) Social tools can flatten hierarchies and change middle management roles; 2) Privacy fosters openness which leads to collaboration; 3) A customer-centric approach is important, using social tools to understand customers and engage them. Realizing the benefits of social business requires changes to company culture and processes, not just implementing new technologies.
by John Bell, Global Managing Director, Social@Ogilvy.
The following is a plan describing a simple and practical way for business leaders to think about gaining the benefits of social behaviors (and the technologies supporting those behaviors).
In many ways the promise of a ‘social business’ is to get us back to what we care about — people working together to create something of greater value than they could have if they had remained unconnected and apart.
CSIC research fellow Tracey Wright interviews 12 DC-area small businesses to explore how they use social media to communicate their socially responsible business practices to their stakeholders.
Burson-Marsteller has carried out a research together with IMD business school involving over 200 European companies, looking at how they define and communicate Corporate Purpose to internal and external stakeholders. The analysis led to a number of findings, most notably that corporate purpose enhances financial performance by 17%!
Communicating on Corporate Purpose is one of the key strategic tools for managers to build trust and reputation with stakeholders, according to our CORPORATE PURPOSE IMPACT STUDY
This document discusses corporate purpose and its impact. It begins by explaining how companies have evolved from CSR projects to defining a corporate purpose. It then discusses an IMD study that found having a strong, well-communicated corporate purpose can increase financial performance by up to 17% and differentiate companies within their industry. The rest of the document provides examples of corporate purposes from various companies and discusses how communicating purpose helps build trust with stakeholders.
• Chief executives are now thinking strategically about international business ethics—specifically, how trustworthy their companies need to be. To generate that trust, CEOs are not just interested in growth for their enterprises. They want to attain “good growth”: real, inclusive, responsible, and lasting growth. And they want their companies to contribute to good growth in every country where they operate.
This document discusses determining the value of social business ROI and debunking myths about calculating ROI for social business initiatives. It provides 3 key points:
1. When calculating social business ROI, both financial gains like increased revenue and cost savings must be considered along with non-financial metrics. ROI looks at the relationship between monetary gains and costs over time.
2. Common myths about social business ROI include thinking a single metric is ROI and that net present value should not be included in calculations. ROI analysis requires understanding cash flows and discounts for the time value of money.
3. Potential gains from social business can include increased sales, improved customer insights, brand protection, lower lead costs, and contact center efficiencies
16 Enterprise Social Networking Predictions for 2013tibbr
Enterprise social networking predictions for 2013 include:
1) A focus on driving behavioral change and adoption through integration with core business processes and data-driven insights.
2) Using social data internally for real-time optimization and management in addition to external monitoring.
3) Establishing social media strategies and capabilities to support key business functions through listening, engaging, and driving outcomes.
The document discusses corporate social responsibility (CSR) with a focus on Infosys. It provides context on the evolution of CSR in India and defines CSR. It then discusses Infosys' CSR initiatives in areas of health, education, and community development. The author aims to explore Infosys' social responsibilities in different Indian cities and how it contributes to rural development. Models of CSR and perspectives on CSR in Asia and India are also summarized.
11.vol 0003www.iiste.org call for paper no 2 pp 180-201Alexander Decker
This document discusses corporate social responsibility (CSR) initiatives of major fast-moving consumer goods (FMCG) companies in India. It begins with an abstract that notes CSR initiatives in India typically focus on environment, health, education, community welfare, and women's empowerment. It then provides context on CSR frameworks and ratings. Major Indian FMCG companies like Hindustan Unilever are highlighted as doing work in areas like CO2 reduction. The Karmayog CSR rating system is discussed as a way to evaluate companies' CSR performance. Appendices provide more details on the top three Indian FMCG companies' overall CSR initiatives.
The document discusses corporate social responsibility (CSR). It begins by stating that CSR is not simply charity, but is a strategic business opportunity that can provide returns on investment. It discusses three types of CSR approaches - charity, outsourced, and business goal-oriented. The document argues that business goal-oriented CSR is the most effective as it incorporates social responsibilities into business strategy. The rest of the document discusses why companies adopt CSR, how to develop a CSR strategy, examples of returns on CSR investments through cost savings and higher margins, and factors that influence consumer behavior and willingness to pay more for socially responsible products.
What Is Social Business ? A SideraWorks BriefXVA Labs
Social business. A term that’s been steadily gaining traction at the intersection of social media’s rise and the current shift in the business world. But what does it mean?
Clarifying the term “social business” is critical to determining whether it’s something we want our companies to be, and if so, how we go about achieving that. At SideraWorks, we’ve spent a great deal of time defining social business in a way that encompasses its essence, but avoids much of the jargon that simply adds to the confusion.
The document discusses findings from IBM's 2012 CEO Study which involved interviews with over 1,700 global CEOs and leaders. The study found that CEOs believe technology will be the biggest driver of change for their organizations in the coming years, as it enables new ways of connecting employees, customers, and partners. To succeed in this environment, CEOs said their top priorities will be empowering employees through values, engaging customers as individuals, and amplifying innovation through partnerships.
This document summarizes the key findings of a study involving interviews with over 1,700 CEOs and senior public sector leaders from around the world. The study found that CEOs see technology as the biggest external force driving change in their organizations over the next 3-5 years. CEOs are creating more open and collaborative cultures to empower employees, engaging customers through deep insights and analytics, and extensively partnering to drive radical innovation. The document recommends that CEOs focus on three imperatives: empowering employees through shared values, engaging customers as individuals, and amplifying innovation through partnerships.
Similar to IBM Study On Sustainable Corporate Social Responibilityr (20)
Tracing Disability Representation After the1981UN International Year of Disab...Scott Rains
Scott Rains discusses his research into how various countries represented people with disabilities on postage stamps issued for the 1981 International Year of Disabled Persons. He analyzed over 115 countries' stamp issues from that year and organized them into categories based on their depictions, such as broken stems representing disability, people with disabilities at work, sports, tourism, visible and invisible disabilities, and famous disabled individuals. His methodology involved compiling images and facts into spreadsheets and flashcards to identify patterns in how different nations portrayed disability through these commissioned artworks.
The document summarizes interpretive programs at Ocotillo Wells SVRA that combine astronomy with off-road vehicle recreation:
- The park offers a weekly astronomy program featuring solar viewing, night sky viewing with a powerful telescope, and videos/activities to teach visitors about the cosmos. Donations have made the program financially sustainable.
- "Astrogeology" exhibits at popular off-road sites teach about geology of other planets compared to local features, using hands-on activities like examining moon rocks.
- Outreach includes astronomy-themed junior ranger activities, and programs taking telescopes into the nearby town and schools. Trading cards and information packets also spread astronomy knowledge.
- While primarily an off
The Purpose of a Conference on Inclusive TourismScott Rains
A conference on inclusive tourism has the dual responsibility of applying best practices in meetings, incentives, conferences and exhibitions (MICE) while also modeling full participation for people of all abilities. Such a conference aims to showcase inclusive practices and provide a venue for improving them by directly engaging people with disabilities. It also works to promote universal human rights to cultural participation as affirmed in the UN Convention on the Rights of Persons with Disabilities. Effective data collection on travelers with disabilities and collaboration between industry and disability advocacy groups is needed to better understand this important market segment.
San Marino Declaration on Inclusive Tourism - 2014Scott Rains
Representatives from various organizations met in San Marino to discuss accessible tourism. They recognized the rights of disabled people to access tourism activities based on the UN Convention on the Rights of Persons with Disabilities. While progress has been made in accessibility in Europe, more needs to be done, especially in developing countries. The group calls on stakeholders to work towards eliminating barriers through training, observing universal design principles, promoting technologies that provide accessibility information, and mainstreaming accessibility in the tourism industry.
WASHINGTON, D.C., November 11, 2014—Today the Equal Rights Center (ERC)—a national non-profit civil rights organization—released a new toolkit to help veterans with disabilities advocate for accessible housing.
“Every year, hundreds of thousands of veterans return home to new challenges and barriers due to physical and mental disabilities resulting from their service to and for our country,” said Melvina Ford, executive director of the ERC. “Under the federal Fair Housing Act, these veterans are entitled to accessible housing and beyond that our gratitude and respect.”
According to government sources, 45 percent of the 1.6 million veterans from the wars in Iraq and Afghanistan are now seeking compensation for service-related disabilities, more than double the estimate of 21 percent who filed such claims after the Gulf War.
The lack of available accessible housing for these veterans with disabilities contributes to higher rates of unemployment and homelessness. Approximately 12 percent of the homeless population is made up of veterans, which in real numbers amounts to almost 50,000 homeless veterans on our streets.
“Our veterans—particularly those who return home with service-related disabilities—deserve equal treatment and opportunity in all aspects of their new lives,” said James Schenck, president and CEO of Pentagon Federal Credit Union (PenFed). “It is imperative that we ensure that veterans with disabilities have the resources and education to be effective advocates for themselves and their families.”
The Veterans with Disabilities Toolkit highlights the rights to accessible housing afforded to veterans with disabilities under Title XIII of the Civil Rights Act of 1968, known as the Fair Housing Act (FHA). This toolkit provides: an overview of the rights provided by the federal FHA, information on accessible design requirements of multifamily development, how to request a reasonable modification or accommodation from property owners or managers and answers to frequently asked questions.
On Disability and Tourism in Nepal: Article by Scott Rains and Interview with...Scott Rains
The document summarizes an article written by Dr. Scott Rains about the challenges and promise of inclusive tourism in Nepal. Some key points:
- Dr. Rains visited Nepal to evaluate the accessibility of tours for wheelchair users and build capacity of tourism suppliers to assist people with disabilities.
- Nepal faces significant challenges to becoming fully accessible and disability-friendly but has potential to grow its tourism industry by serving the large market of travelers with disabilities.
- Universal design principles that make places accessible to all could help Nepal's tourism if adopted, such as accessible hotels, transportation, and public facilities.
- Other experts like Ms. Paula Sotnik also see potential in Nepal's disability rights movement despite limited
Disability Rights in Nepal: NAPD MagazineScott Rains
The National Association of Physically Disabled People of Nepal held its 5th annual general meeting where various reports were presented and a new executive committee was elected. The meeting emphasized the need for full implementation of the Convention on the Rights of Persons with Disabilities and ensuring the rights of persons with disabilities in the new constitution. A new 7-member executive committee under the leadership of Laxmi Prasad Shrestha was elected for the fiscal year 2071/72. The meeting concluded with the formal handover of responsibilities from the outgoing to the newly elected committee.
Travel South Africa in a Wheelchair - Forward Magzine, Feb 2010Scott Rains
The document summarizes the author's 11-day trip to South Africa's Elephant Coast region, arranged by Access 2 Africa Safaris. It describes accessible accommodations at Macaranga Lodge and Hilltop Camp, as well as activities like visiting Shake Marine World in Durban and going on game drives in Hluluwe Game Reserve. The trip allowed the author, who uses a wheelchair, to experience South African culture and see many wild animals in their natural habitats. The region is poised to become more popular as an accessible tourist destination with improvements to Durban's airport.
The Matera Manifesto on Cultural Inclusion (In Italian and English)Scott Rains
THE MATERA MANIFESTO
This document summarises the results of the discussions between
experts in Universal Accessibility meeting in the international event
entitled "ZERO BARRIERE - L'Accessibilità Conviene" (ZERO BARRIERS:
Accessibility for All), organised on 27 and 28 September 2014 in
Matera by Officina Rambaldi, with the active participation and
patronage of MiBACT (the Italian Ministry of Cultural Heritage and
Activities and of Tourism, the Council of Europe and of many other
local, regional and international institutions.
The participants duly wish to:
- Reiterate the right proclaimed in Article 27.1 of the Universal
Declaration of Human Rights, 1948, which reads: “Everyone has the
right freely to participate in the cultural life of the community, to
enjoy the arts and to share in scientific advancement and its
benefits”;
- Underline the significance of the United Nations Convention on
the Rights of Persons with Disabilities, adopted by the General
Assembly in 2006, with special reference to Art. 30;
Going to Wild Places I Could Only Dream About - SlideshowScott Rains
Nearly 1 in 5 Australians has a disability, and people with disabilities spend $8 billion per year on tourism in Australia, accounting for 11% of total tourism expenditure. Most people with disabilities (88%) take a holiday each year. The document discusses promoting accessibility equipment and tourism for people with disabilities through various organizations and websites, and provides information on evaluating park accessibility.
Destinations for All: How Far Have We Come?Scott Rains
This document summarizes the key points of the Destinations For All World Summit held in Montreal, Canada from 19-22 October 2014. The summit brought together experts from around the world to help develop universal accessibility and inclusion standards for tourism destinations. Speakers discussed improving the availability of accessible tourism information and the need to provide disability awareness training for tourism industry workers. Smaller destinations that have successfully embraced inclusive tourism practices were highlighted as examples. The summit aimed to establish international accessibility standards and norms to help destinations provide seamless, enjoyable travel experiences for all travelers, including the one billion people living with disabilities.
Montreal Declaration on Inclusive Tourism in DestinationsScott Rains
This document is a declaration from a World Summit on Destinations for All held in Montreal, Canada in 2014. It was signed by professionals, NGO representatives, universities, international agencies, and government institutions. The declaration recognizes the importance of inclusive tourism that is accessible to persons with disabilities, seniors, families and other visitors. It recommends 26 measures that tourism operators, local authorities, governments, and national authorities should take to promote accessible and inclusive tourism, such as applying universal design principles, providing accessibility training, adopting accessibility standards and guidelines, and making policy and funding commitments to develop accessible tourism.
Abstract of a paper to be presented at the Destinations for All World Summit 2014 in Montreal (D4All)
Conference site: http://www.destinationsforall2014.com/en/
D4All presentation by Scott Rains:
https://independent.academia.edu/ScottRains/Drafts
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
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Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
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In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
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This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
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The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
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This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
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Gartner’s Digital Transformation Framework
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DXC Technology’s Digital Transformation Framework
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McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
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IBM Study On Sustainable Corporate Social Responibilityr
1. IBM Global Business Services
IBM Institute for Business Value
Corporate Social
Responsibility
Attaining
sustainable
growth through
corporate social
responsibility
2. IBM Institute for Business Value
IBM Global Business Services, through the IBM Institute for Business Value,
develops fact-based strategic insights for senior executives around critical public
and private sector issues. This executive brief is based on an in-depth study by
the Institute’s research team. It is part of an ongoing commitment by IBM Global
Business Services to provide analysis and viewpoints that help companies realize
business value. You may contact the authors or send an e-mail to iibv@us.ibm.com
for more information.
3. Attaining sustainable growth through
corporate social responsibility
By George Pohle and Jeff Hittner
A growing body of evidence asserts that corporations can do well by
doing good. Well-known companies have already proven that they can
differentiate their brands and reputations as well as their products and
services if they take responsibility for the well-being of the societies and
environments in which they operate. These companies are practicing
Corporate Social Responsibility (CSR) in a manner that generates
significant returns to their businesses.
Introduction bring about social change. As a result, sustain-
Corporate Social The Internet has already triggered lasting ability, both for societies and enterprises, will
Responsibility is the way change in the structures of industries and the require mutual accountability – a more collab-
ways businesses create value. Today, ubiqui- orative relationship that allows each party to
companies manage their
tous connectivity is creating new relationships reach a shared understanding and thrive.
businesses to produce an
among businesses, customers, employees
overall positive impact This collaboration takes place during a time of
and partners. People now have access to
on society through increased visibility of corporate actions; a time
massive amounts of information – and opin-
when customers’ perceptions of companies
economic, environmental ions – about products and company practices.
and their consequent purchasing behaviors
and social actions. This information is available in every part of
are fundamentally changing. And because
the globe, every minute of every day.
that means significant financial impact for
But the Internet does more than spread infor- businesses, CSR is no longer viewed as just a
mation. It’s also a place where people get regulatory or discretionary cost, but an invest-
together to discuss and organize activities to ment that brings financial returns.
Attaining sustainable growth through corporate social responsibility
4. Our survey of 250 business leaders worldwide The CSR survey
found that businesses are wasting no time in IBM’s global survey was conducted to gauge
interpreting these implications and acting on just how deeply the CSR issue has penetrated
them: When companies talk about CSR, they the core of the corporation – its strategies and
tend to describe it in terms of philanthropy. Our operations. We surveyed more than 250 busi-
survey, however, found that businesses have ness executives worldwide.
actually assimilated a much more strategic
view; 68 percent are now utilizing CSR as an Our analysis led us to three dynamics that
opportunity and a platform for growth. companies should understand and act upon in
dealing with CSR. These dynamics are:
Based on our conversations with business
• Impact for business – From cost to growth
leaders and our own survey of their actions
and expectations, it appears incontrovertibly • Information – From visibility to transparency
true that business executives are starting to • Relationships – From containment to
see CSR as a sustainable growth strategy. engagement
It’s equally true that the more advanced This study will examine each of these
view of CSR demands significant long-term dynamics individually and make recommenda-
commitment, and definition (or re-definition) of tions that will help companies in their journey
corporate values. It can also require wholesale to achieve sustainable growth through CSR.
changes to the ways companies operate.
Connectivity in action
Finally, it will require a finely honed appre-
All over the world, new communication technology
ciation of customers’ concerns. A potentially is altering the relationship between business and
alarming finding from our survey is that 76 society in dramatic and surprising ways. Even
percent of the business leaders surveyed in more closed societies, connectivity can derail
admitted they don’t understand their business plans. In Xiamen, China, armed only with
customers’ CSR expectations well. cell phones and text messages, citizen groups
forced local government and business to suspend
development of a petrochemical plant. The
demonstration looked spontaneous, but behind
the scenes, activists were using mobile phones to
1
coordinate it.
IBM Global Business Services
IBM Global Business Services
5. Attaining sustainable growth through
corporate social responsibility
Impact for business: From cost to • Over two-thirds (68 percent) of the business
growth leaders surveyed by IBM are focusing
Governments have historically arbitrated on CSR activities to create new revenue
much of the relationship between society and streams (see Figure 1).
business, and in its most rudimentary form, • Over half (54 percent) believe that their
CSR can be viewed as compliance with the companies’ CSR activities are already
laws and regulations set by the public sector. giving them an advantage over their top
Although regulation can have significant social competitors.
value, companies look at compliance as a
cost of doing business – and as a source of FIGURE 1.
potentially costly hits in terms of litigation and Focusing CSR to create new revenue streams.
reputation. (Percent responses)
As companies have gone global – either by 49% Activities have recently
begun in this area
entering new markets to sell their products 9% Activities are mature in
and services or by working with new overseas this area
suppliers – the costs of compliance have risen
% No activities in this area
rapidly. Failure to abide by local and global
regulations can destroy business reputations
Source: IBM Institute for Business Value.
and brands, but compliance alone won’t build
brands. Nor will compliance offer the growth
When aligned with business objectives,
opportunities that strong brands and reputa-
companies are beginning to see that CSR can
tions bring with them.
bring competitive differentiation, permission to
Many companies have clung to this narrow enter new markets, and favorable positioning
compliance-based view of CSR for decades. in the talent wars.
Quite recently, however, companies have
How do you develop a CSR strategy?
started shifting their thinking about what it
Our approach is to view a company’s current
means to be socially and environmentally
activities and objectives against the CSR
responsible.
Value Curve (see Figure 2), which captures
Today, a surprising number of companies the shift in thinking from CSR as a cost or risk
already regard corporate social responsibility mitigation effort to CSR as a strategic goal that
as a platform for growth and differentiation. brings in new revenues.
Attaining sustainable growth through corporate social responsibility
6. When businesses do start to move beyond lenges, and it gives the company feedback on
compliance, they start their journey along a the performance of those technologies in real-
continuum described in this curve. Our survey world applications.
results showed that surprisingly few compa-
nies are engaged in what appears to be a Because the positive financial impact of tradi-
very fundamental area for reputation building. tional philanthropy is often indirect, efforts
That area is strategic philanthropy, which is a aren’t always sustained. But in order to have
way to align charitable giving with business a lasting impact on society and on the busi-
strategy, company skills and market needs. ness, they must be maintained and leveraged.
These efforts reinforce a company’s social So the closer you align philanthropy to the
commitment with ongoing returns, often in the core strategy of the business the easier it is to
form of goodwill and indirectly from a financial consistently support the efforts.
perspective. Demonstrating cost savings is another means
For example, IBM works with public and not- to engender sustained support. Companies
for-profit organizations to make the World are finding that many CSR initiatives, including
Community Grid available to a volunteer force those that reduce energy consumption or
of more than 210,000 people who donate the benefit the environment, help reduce overall
idle processing power of their computers to cost structures or increase productivity.
create a “virtual supercomputer” devoted For example, Catalyst Paper Corporation, a
solely to humanitarian research. The program Canadian pulp and paper company, uses
is strategic to IBM because it demonstrates its own by-products (biomass) to power its
how leading-edge technologies the company operations. It also regains heat from effluence
is developing can meet major global chal- to warm process water and thereby further
reduce its carbon emissions.
FIGURE 2. Growth
CSR Value Curve. platform
Values-
based self Efficiency Access to new
regulation markets, new
Strategic partnerships or
philanthropy Measurable cost
Incorporates the product/service
savings through
company’s value innovations that
efficient or win-win
system and/or code generate revenue
Legal and scenarios
Alignment of of conduct to guide
compliance charitable activities business behavior
with social issues
that support business
Adherence to law objectives
in the countries of
production, operation
and distribution
Source: IBM Institute for Business Value.
As companies move from left to right on the value curve, greater returns are realized
as CSR becomes more integrated into core business strategy.
4 IBM Global Business Services
7. FIGURE 3.
CSR gains momentum.
(Percent responses)
00 Companies that have focused their CSR activities in the following areas
90 67%
80 44%
38%
70 30%
60 19%
0
40 48% 47% 49%
44%
0
0 28%
0
0
Compliance with Strategic Formal company Cost savings Creating new
regulations and philanthropy values system revenue streams
standards Activities are mature in this area
Activities have been started recently in this area
Source: IBM Institute for Business Value.
Together with efficiency gains and a switch single strategy, with leadership from the top
to natural gas, the company has lowered its managers and full engagement by employees,
greenhouse gas emissions by 70 percent business partners and customers.
and its energy use by 21 percent since 1990.
In 2005 and 2006 alone, the company saved As Figure 3 shows, business leaders in our
US$4.4 million through a 2 percent reduction in survey are already focusing their CSR activities
fuel consumption.
2 to develop capabilities in many areas across
the CSR Value Curve. Interestingly, more than
The maximum benefit from the CSR oppor- half their activities have only broadened quite
tunity takes place when all activities on the recently, an indication of gathering momentum
CSR Value Curve become integrated into a and continued opportunity.
The CSR profile of outperforming companies
Companies that report they are substantially outperforming their peers already grasp the benefits that result
from a CSR strategy integrated into the core of their business. Our survey found that these companies are more
than twice as likely to:
Collaborate
• Understand their customers’ CSR expectations well
• Have increased the amount of information they provide about the sourcing, composition and impact of their
products, services and operations
• Collaborate with consumers and business partners on their CSR initiatives
• Engage their full base of employees in their CSR objectives (i.e. not top down)
Integrate
• Place critical importance on, and consider themselves very effective at, CSR supply chain processes
• Consider themselves very effective at developing products and services with a positive societal or environmental
impact
• Place critical importance on, and consider themselves very effective at, aligning philanthropy with business
priorities
Attaining sustainable growth through corporate social responsibility
8. Information: From visibility to This quest for information is intensifying. In
transparency the UK 57 percent and in the US 59 percent
Companies are more visible, more exposed, of consumers say their knowledge about the
than ever before, especially as they expand contents of the food they buy has increased
4
their sphere of operations and their markets. over the last two years.
Watchdog organizations are working hard to
Heightened visibility into business is not
keep people aware of what businesses are
restricted to the more mature economies.
doing.
Citizens in China and India are making the
Since 1990 the Web has spurred the growth transition from producers to consumers and
of more than 100,000 new citizen groups profoundly believe in the social responsibili-
3
devoted to social and political issues. And ties of business. China’s CSR expectations
the torrid pace of information traveling the are rising rapidly to levels of western coun-
Internet is transforming consumer expecta- tries; India’s are already there and Brazil’s far
5
tions as customers gain continuous access to exceed them. Moreover, in many emerging
special-interest action plans and third-party economies, opinions about global companies
scorecards that rate companies on environ- are being formed for the first time, making
mental practices and ethical concerns. In fact, today’s reputation a key factor in future growth.
companies can easily lose control of their own
Visibility extends beyond products to business
brands and reputations.
practices as well. Consumers are scrutinizing
Customers are joining with activist NGOs and procurement and sourcing policies. They’re
Three-quarters of advocacy groups, who no longer depend on checking on trading practices product compo-
businesses admit door-to-door canvassing and street demon- sition and lifecycle management. They’re
they don’t understand strations to bring environmental and fair trade looking at the global impact of their choices
issues to worldwide attention. They use blogs, across the entire supply chain – labor condi-
their customers CSR
podcasts, text messaging, MySpace and tions in contract factories, and the lending
expectations well. policies of the financial institutions they deal
YouTube to proliferate their messages.
with.
The traditional adage, “buyer beware,” has now
become “seller beware.” Exposure is crossing into business relation-
ships as well. Companies are digging deeper
Customers want to know more into their partners’ operations, asking about
Compared to their predecessors a generation carbon dioxide emissions and the impact of
ago, consumers today are information omni- hazardous components in the supply chain
vores. Some keep abreast of the nutrition and (see Figure 4).
health issues of the products they consume by
scouring Web sites as frequently as they read Given the extraordinary quest for informa-
ingredient labels. Others research the environ- tion on the part of customers, it’s all the more
mental impact of the materials used to create surprising that businesses seem to know so
the products they consider. little: Three-quarters of businesses admit they
don’t understand their customers CSR expec-
tations well.
6 IBM Global Business Services
9. FIGURE 4. • 75 percent have also increased the amount
Required by business partners to adopt of information they provide about the
environmental standards.
sourcing as well as social and environmental
(Percent responses)
00 impact of their products and services and
10% 9% 13% 12%
63%
operations in the past 3 years.
39% 47%
80 43% 52%
• A full 63 percent believe they have sufficient
60 information about the sources and composi-
tion of their products and services to satisfy
52%
40 45% customer concerns.
44%
36%
0 • Yet, two-thirds of those same leaders admit
they don’t understand their customers’ CSR
0 concerns well.
Waste Water Product Carbon
management management composition management
and lifecycle
This disconnect suggests that most compa-
Don’t know
nies are either simply confident of their ability
No
Yes to meet regulatory requirements or, at best,
Source: IBM Institute for Business Value. guessing at what customers expect.
Transparency meets visibility FIGURE 5.
The best response to all this exposure? In Information explosion over the last 3 years.
today’s open environment, companies are (Percent responses)
75% 75%
finding it necessary to take the wraps off
information they once considered private
or proprietary. With relentless pressure from
watchdog groups, “need to know” restrictions 23%
17%
tend to fall away. So, visibility is best met with
6%
a continuous exchange of information – or 1% 0% 3%
transparency. Increased No change Decreased Don’t know
The number of advocacy groups collecting and reporting
Our survey results chart a marked increase information on your industry, enterprise and/or products
in both information requested by advocacy Information companies provide on the amount of
sourcing, composition and impact of its products,
groups and information provided by business,
services and operations.
indicating that transparency is in fact tracking Source: IBM Institute for Business Value.
to visibility (see Figure 5).
• 75 percent said the number of advocacy
groups collecting information on their
business has increased in the past 3 years.
7 Attaining sustainable growth through corporate social responsibility
10. FIGURE 6. Smart systems
Could companies be caught in the gap? “You can’t make a product greener…without
(Percent responses) making it smarter” says Thomas Friedman
63% describing variable pricing for traffic congestion
Knowledge gap 7
networks. Being open will require embedding
information in innovative ways – smart utility
meters, smart power lines, smart cars and smart
24%
strips for detecting food-borne bacteria. All will be
based on realtime data.
Believe they have Understand customer
sufficient information to CSR concerns well Technology will enable companies to give stake-
satisfy customer concerns holders the kind of information they crave for
quick decisions. A utility company, for example,
Source: IBM Institute for Business Value. that allows them to switch energy sources based
on the realtime availability of the most environ-
Making information relevant mentally friendly energy sources. Cell phones that
What seems like an insatiable thirst for informa- scan product bar codes and immediately display
tion is in reality a drive for relevant information the user’s pre-defined product information.
that can reduce complexity and increase
comfort level with purchase decisions. Transparency and collaboration
Increasingly, the degree to which a company
For example, expiration dates on food
is willing and able to open itself to stakeholder
cartons were designed to provide easy-
scrutiny will be a make or break factor in
to-understand guidelines. But when you
achieving CSR objectives. In fact, the company
encounter one bad egg you wonder whether
that invites more eyes on its operations can
you need to discard the rest of the carton as
preempt problems that would otherwise
well. EggFusion is a company that provides
become very expensive to solve.
freshness and traceability coding to give you
egg-specific answers – each egg receives a Some companies are responding in innovative
unique number before being put in a carton. ways, for example by publishing their contract
The consumer enters that number on a Web manufacturer lists online for all to examine
site to find out when and where the egg was and scrutinize. Doing so in an open manner
packed, as well as an expiration date for that can enable a dialogue with NGOs seeking to
6
particular egg. end unfair labor and environmental practices.
Instead of resisting those efforts, businesses
Imagine how this approach might be used in
are enlisting their help in monitoring the supply
the future: What vitamins did the hen receive in
chain. As a result, they gain valuable and
its feed? Is it hormone free? At what tempera-
expert assistance instead of harsh publicity.
ture was it stored and for how long?
Companies that figure out how to make infor-
mation relevant will win customers’ trust – and
build a powerful platform for growth.
8 IBM Global Business Services
11. The restaurant industry, for example, continues U.S. footwear company Timberland created
to struggle with the idea of transparency, an unusually open product label. Based on
fighting government legislation attempts to the graphic design of a nutritional label, the
more readily disclose nutrition information. Timberland label indicates the name and loca-
In doing so, the industry invites a whirlwind tion of the factory where the shoes were made,
of negative publicity against overwhelming the amount of energy used in production, and
consumer demands for transparency. percentage of renewable energy used. It even
shows the percentage of factories assessed
In fact, a 2005 survey by food services against code-of-conduct standards, and the
company Aramark found that 83 percent of number of hours employees have volunteered
customers wanted nutritional information in in the community.
9
8
the restaurants they dined at. Like most, the
restaurant industry looks at the difficulty of Too much information… or just right?
meeting these expectations and argues that
customers will not order the healthy choices Information strategies need to be relevant to
the say they want. Instead of taking the lead customers’ concerns, expectations and pref-
and working with customers to reinforce their erences. Customers will define the amount
stated values, these businesses run the risk of and type of information they need, and the
continued hostile scrutiny and regulation. enterprise will find the best ways to deliver it.
A key dependency for all companies will be a
On the other hand, if a company clearly single view of the truth across their extended
pledges to enforce standards, openly sets supply chains. And that will require innova-
goals to improve upon its current abilities, tive methods for maintaining compliance and
while inviting and involving customers and cooperation on common objectives and stan-
other stakeholders, then transparency actually dards. As the MediaCo case study describes
improves relationships that were once adver- on page 10, automated systems that draw
sarial. upon advanced analytics can enable adher-
ence to common standards, and even predict
The information dilemma compliance.
As businesses grow more global and complex,
and more interlocked with the operations of A single view of the truth provides the founda-
the partners in their value chain, there’s a very tion for delivering that information, but ongoing
real concern that the growing demands for interactive relationships are necessary for
information transparency could outpace the companies to find out what’s important and
ability to supply it. Even the most open and relevant at any given time to customers and
proactive firms face a dilemma: Too often they other stakeholders.
just don’t know what they know. And when they
do, they don’t know what to share. A company’s most valuable asset is its ability
to convert brand power into customer buying
decisions. Only the company that shares reli-
able information can be a trustworthy “partner
in sustainability” for customers who are ready
to buy.
9 Attaining sustainable growth through corporate social responsibility
12. MediaCo protects its brand
For a company selling to families, the impact of a human rights campaign along the lines of “made for children
by children,” could be devastating. Recognizing its responsibility to uphold international labor standards, a
prominent family media and entertainment company, MediaCo, needed to overhaul a system for overseeing
a worldwide network of licensees / vendors and thousands of factories. Designed to hold licensees and their
vendors to responsible labor standards, the system wasn’t adequate to support growth plans, which would
require double the number of plants in ten years – most of that taking place in countries with the highest risk of
breaching standards.
MediaCo realized it needed a new way to manage the risks associated with distributed global sourcing. Not only
did it need to be based on a consistent proactive application of its labor standards policy, information needed
to be accessible and easy for licensees and vendors to use. In other words, the policy needed to be transparent
inside and out.
Because three attempts to update the system had been unsuccessful, the company decided to lead with an
While MediaCo has no executive steering committee consisting of senior-level management from business units. It combined a
“top-down,” goal-based approach with a “bottom-up,” issues-based one incorporating workshops and other
plans to audit 40,000
collaboration techniques for rapid identification of existing and required business processes and strategic
factories itself, it improvements.
is now in a position Based on more than 00 ad hoc policy statements, complexity and fragmentation made the current system
to apply advanced difficult to administer and virtually impossible to grow. More than 0 documents were in use, with no central
analytics for effective management, no business rules and no alerting system. Audit forms were complex, lacking quantifiable data
100 percent coverage. and multilingual capability. MediaCo realized that the goal of a CSR program was not to police its partners and
suppliers through rigorous audit protocols but to provide them self-support, as well as access to tools and
resources to maintain ethical manufacturing standards.
Data sharing and data integrity were major issues. There was no capability for internal and external stakeholders
to share information. Data entry was done manually by compliance specialists with no linkage to the enterprise
system and there was no way it could be used to negotiate current deals or to prevent production from being
initiated if policies weren’t met.
Collaborating internally across multiple functions and externally across its supply chain, MediaCo was able to
collapse its 00 policies to 70 integrated rules. Eight key documents replaced 0.
By making the information system accessible and easy to use it became possible to spread the responsibility
for data collection, shifting it to the licensees and vendors, away from the small MediaCo team. Growth can now
proceed quickly and responsibly – because robust factory records are available to business units, licensees and
vendors. In order to accommodate intellectual property issues, the database was designed with restricted views
as needed to meet contractual requirements.
While MediaCo has no plans to audit 40,000 factories itself, it is now in a position to apply advanced analytics
for effective 00 percent coverage. A risk engine can be set up to quantify, accept and normalize audits from
multiple sources. Risk levels can then be ranked, scored and prioritized for mitigation – through interventions
in the form of direct audits, visits or face-to-face educational engagement. Scorecards and key performance
indicators can be continuously updated for internal and external reporting purposes.
0 IBM Global Business Services
13. Relationships: From containment to Driving transparency, however, requires signifi-
engagement cantly more interaction with customers – from
When CSR strategies are effective, transpar- senior managers to shop assistants. And at
ency, as discussed in the previous section, all these touch points, business will need to
goes hand-in-hand with stakeholder engage- both practice openness and ensure that its
ment – with two important caveats. First, full employee base is prepared to enter into a
you can’t call it transparency if you simply dialogue with customers.
spew information out into the marketplace,
Businesses have a long way to go. Only 17
or unleash what is effectively a data dump
percent of our survey respondents said they
on your customers. It could even backfire.
really engage and collaborate with customers
True communication requires not just context,
regarding CSR activities. And the numbers
but interaction among the parties giving
aren’t much better for business partners and
and receiving information. Second, trying to
communities – 23 percent and 20 percent
engage stakeholders without full transparency
respectively (see Figure 7).
is disingenuous at best.
The only way to get a better handle on
Yet, most companies have limited the ways in
stakeholder expectations – and forge mutual
which they directly interact with customers and
objectives – is to foster a relationship based
other constituents on CSR issues. Typically,
on continuous engagement.
engagement begins and ends with sales,
marketing, customer care, or public relations
functions. FIGURE 7.
Companies that mainly collaborate with stakeholders
Impact of customer intimacy on CSR initiatives.
(Percent responses)
Companies that understand their customers’ CSR
27%
concerns well: Employees
41%
• Report more success than their peers in
23%
increasing revenue and reducing costs as a Business partners
37%
result of their CSR strategy. 21%
Investors
• Are more likely to focus on and believe they are 35%
effective at differentiating their products and Community 20%
services. 30%
• Believe they are more effective at improving Consumers 17%
28%
labor practices; adopting ethical and green
15%
procurement, manufacturing and logistics Government
25%
processes; aligning philanthropy with business
All companies
priorities; and adopting a formal company value Understand customers’ CSR concerns well
system than their peers.
Source: IBM Institute for Business Value.
• Are more likely to engage their employees in the
company’s CSR objectives.
Attaining sustainable growth through corporate social responsibility
14. Imagine this scenario: A global business is combative relationship into a partnership that
struggling to monitor working conditions and sees the NGOs achieving their stated societal
environmental standards throughout its supply objectives as well.
chain in Southeast Asia. At the same time,
NGOs are focused on improving human rights As the case study of British retailer Marks
and ensuring environmental resources for Spencer below illustrates, there are numerous
local communities. By collaborating, the NGOs benefits in partnering with customers,
and the enterprise can support common suppliers and NGOs. In fact, collaboration
goals. The business can leverage the NGOs with NGOs is one bright spot in our survey; 48
resources in order to monitor, educate and percent of businesses report they are already
improve its supplier conditions – in this case partnering with NGOs or local governments for
going beyond transparency, and turning a business purposes.
Marks Spencer: Differentiation based on trust
“Fifteen years ago British consumers were perhaps the most trusting in the world,” said Mike Barry, who heads
corporate social responsibility for British retailer Marks Spencer.
However, a series of debilitating food scandals in the early 990s left them so shaken that by 000 consumer
skepticism had expanded to other products too – from the wood used in furniture to the chemicals in clothing.
“I think it’s safe to say that from 000 to 00 retailers like Marks Spencer were in crisis management mode,”
said Barry.
Against this backdrop, and in response to public concern over sustainability and traceability, MS was anxious
to get in front of the issue and better understand what was driving customer concerns and behaviors. Their
analysis revealed four consumer groups:
• percent weren’t interested in green or social issues at all; most of these customers had low incomes and
more pressing concerns;
• 8 percent were somewhat interested in green or social issues but didn’t know if they could make a difference
themselves. These customers wanted to be sure if, for example, their individual recycling would make a
difference;
• percent were fully engaged in the issues but did not want to compromise on price and quality;
• percent were crusaders – very passionate and looking to Marks Spencer to be an advocate as well.
Essentially, two-thirds of British consumers were asking for MS to make things easy for them. “The only
decision they really want to have to make is whether or not they should walk through the doors of our store,”
said Barry. “They don’t have to think about it. It’s easy.”
Based on these insights, MS launched the “Behind the Label” campaign, which educated its 6 million
customers about all the things the company was doing around environmental and social issues. The program
was deemed a success, but competitors were also doing some good things to gain consumer trust.
IBM Global Business Services
15. To establish a clearer point of differentiation, last year MS launched Plan A, a highly visible £00M “eco-plan,”
impacting every part of the company’s operations. With 0 million items of clothing and . billion items of
food produced under its label, MS recognized it needed to work with stakeholders in new ways. That required
an open and innovative approach to information exchange.
Collaborating with suppliers and customers
“It’s like the wild west
On the supplier side, the focus was collaboration as well as traceability. “If you don’t know who you are
out there in terms of buying from, you can’t manage the issues,” said Barry. At MS, meat used in sandwiches and recipes can be
ideas. You’ve got to sourced back to the individual cow. Traceability for clothing reaches back deep into the value chain – as far as
put yourself on the map dye houses and spinning mills. While the complexity of the supply chain, especially textiles, still poses major
challenges, it has also brought opportunities for innovation.
so organizations with
different ideas know you “It’s like the wild west out there in terms of ideas. You’ve got to put yourself on the map so organizations with
different ideas know you and can approach you,” said Barry.
and can approach you.”
As part of Plan A, MS created a supplier exchange in order to share best practices. Barry explained, “It’s about
closing the loop – taking different parts from the business model – bits that used to be isolated from each other,
and linking them up.” Farmers, for example, who learned how to use anaerobic digestion to create biogases
from farm waste, are now selling green electricity to MS, along with their beef. A manufacturer in Taiwan that
can turn bottles into polyester is talking to a polyester plant buyer who in turn is talking to MS buyers.
Another key objective for the company has been to engage customers. According to Barry, “You actually want
consumers to buy into driving change rather than just being recipients of it.” To do that, the company looked
for opportunities to collaborate with NGOs. Oxfam fit the bill. Together, the retailer and the NGO have created
an alternative to dumping old clothing into landfill. Customers who take their used MS clothing to an Oxfam
charity shop get a discount when they purchase new clothing at MS. Programs like this give shoppers an
opportunity to learn about sustainable consumption by taking action that achieves a social benefit as well.
Barry was quick to caution that the collaborative approach – with customers, suppliers and NGOs – requires
patience. “This battle will be won and lost in three, four, five years’ time, not in the next six months,” he said.
“And anybody who thinks this is about short-term positioning is in for a rude awakening. This is about long-
term positioning of your brand.”
Attaining sustainable growth through corporate social responsibility
16. Engagement starts from within FIGURE 8.
What happens when a customer walks into a Company engagement in CSR objectives and
initiatives.
store, a bank, a showroom, or even a factory (Percent responses)
70
floor and asks if the products they see are fair- 62%
60 58%
trade or sourced sustainably? Do employees
0 46%
have the information at hand? Can they
40
answer questions about the company’s labor 31%
0
practices and energy consumption as well as 19%
0
product disposal? Not usually.
0
0
Are they prepared to have a real dialogue,
Board of Corp/ Front-line Employees Families
one in which they learn about the customers’ Directors Business Managers
needs? Not frequently enough, according to Unit Leaders
the respondents of the survey. Source: IBM Institute for Business Value.
All too often in corporate life, the CEO
announces a vision and the average employee more than 2.2 billion pounds of pollutants and
is mystified or indifferent. With CSR, it can be generated savings of nearly $1 billion, counting
different. Research at Marks Spencer, for only first year savings from the projects.
10
example, shows that employees rate higher
on every measure of CSR commitment than Every business will find its own way to engage
customers. employees, customers, partners and NGOs.
The success of all these programs, however,
Developing and implementing a CSR strategy will hinge on the depth and vitality of the inter-
is a unique opportunity to rally the company. actions they support. Those that consistently
However, as our survey results show, only combine clear transparency with deep interac-
31 percent of businesses engage their tion will best be able to advance sustainability
employees on the companies, CSR objectives in businesses and society.
and initiatives. This is a significant opportunity
lost (see Figure 8). Employee engagement on CSR initiatives
can have another positive affect; it can be
Some companies engage employees by a powerful recruitment and retention tool in
posing grand challenges, in which groups an environment where the war for talent is
collaborate around a common goal to develop shaking up whole industries. A recent study
a product or service with societal or environ- found that 44 percent of young professionals
mental benefits. Other companies provide say they would discount an employer with a
incentives for individual actions that make a bad reputation.
11
significant difference. 3M’s Pollution Prevention
Pays (3P) rewards employees who have Moreover, there are plenty of studies and
breakthrough ideas for eliminating pollution surveys that suggest the more socially and
at its source. Since its inception, nearly 6,000 environmentally aware generation now leaving
3P projects have prevented the creation of school doesn’t just want to join a company
4 IBM Global Business Services
17. with a good CSR reputation; they want to 2. Implement an open information strategy for
be a part of a movement to create a better more transparent information sharing with
world – and to do that from inside business. multiple stakeholders;
That means getting involved in identifying 3. Leverage transparency to increase the level
CSR-based growth platforms, getting creative of engagement of key constituents and
in applying innovative solutions, and getting customers.
closer to customers.
When these activities are done in combina-
Conclusion tion, CSR can become a dimension of a
CEOs have long been accountable to a varied company’s successful competitive strategy.
group of stakeholders – employees and Done right, it offers a company improved rela-
communities, as well as investors. The nature tionships with all of its key constituents, more
of these relationships is now changing in ways loyal customers, lower costs, higher revenues
that significantly affect corporate performance. and an overall improvement of the business’
In part due to the emergence of the Internet standing in society.
and continuing globalization, companies are
becoming accountable for labor issues and
working conditions in their partners’ operations
as well as their own. In order to attain sustain-
able growth through CSR, companies must:
1. Align and incorporate CSR with business
strategy and integrate it across all opera-
tional functions, thus making it easy to invest
(not spend) the funds necessary to achieve
its objectives;
Attaining sustainable growth through corporate social responsibility
18. About the authors References
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George Pohle is the Vice President and Cody, Edward. “Text Messages Giving Voice
Global Leader of the IBM Business Strategy to Chinese,” Washington Post, 28 June 2007.
Consulting Practice. He has over 20 years 2
Catalyst Paper Corporation. “Environment
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ence and has held strategic and operational Canada. December 2007 http://www.
.
roles in both entrepreneurial endeavors and catalystpaper.com/socialresponsibility/
in large corporations. He can be reached at socialresponsibility_environment_manufac-
pohle@us.ibm.com. turingprinciples.xml
3
Jeff Hittner is a Senior Consultant, the IBM Sheila, M., Lenny T. Mendonca and Jeremy
Institute for Business Value. He works with a M. Oppenheim, ”When Social Issues
range of industries and clients to address the Become Strategic,” The McKinsey Quarterly,
emerging role of corporate social responsi- 2006 Number 2.
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IBM Online Traceability Survey, 2007.
reached at jhittner@us.ibm.com. 5
Corporate Social Responsibility Monitor
Contributors 2007 GlobeScan Incorporated, June 2007
, .
Thanks are due to Guy Blissett, Stephen 6
www.eggfusion.com
Rogers and Kevin Thompson. 7
Friedman, Thomas. “The Green Road Less
About IBM Global Business Services Traveled.” The New York Times, July 15, 2007.
With business experts in more than 160 coun- 8
Hellmich, Nanci. “Diners want more info and
tries, IBM Global Business Services provides smaller entrees.” USA Today, October 19,
clients with deep business, process and 2005.
industry expertise across 17 industries, using 9
www.timberland.com
innovation to identify, create and deliver value
10
faster. We draw on the full breadth of IBM www.3M.com
capabilities, standing behind our advice to 11
Vorster, Gareth. “Corporate social respon-
help clients innovate and implement solutions sibility is more important than salary when
designed to deliver business outcomes with choosing a job,” Personnel Today, August 2,
far-reaching impact and sustainable results. 2007 .
6 IBM Global Business Services