Corporate Social Responsibility Now Recognized as One of 5 Key Components of Best Run Companies
The Wall Street Journal’s recent report on leadership described the takeaways of the 2018 Management Top 250, a guide to the most effectively managed companies based on the principles of Peter Drucker, the father of modern business philosophy and practice. The researchers at the highly regarded Claremont Graduate University’s Drucker Institute conducted the study and compiled the results.
Why Business/ Nonprofit Partnerships Produce Big Win – Wins for Businesses and the Community
Probably the most Important component of Corporate Social Responsibility is business / nonprofit cooperative partnerships that benefit a community. Businesses vitally need healthy growing communities to expand. Nonprofits play an extraordinary role in making communities more attractive to live in, because all successful nonprofits bring a needed problem-solving mission to some aspect that improves the quality of life and draws talent to live there. In a real sense, those missions are the lifeblood of a community which greatly impacts the opportunity for business success in the region.
New Research – The Power of Twitter as a Channel for Reporting CSR Activities: 5 Key Learnings
A new research report commissioned by the Satell Institute highlights some of the ways social media have changed the nature of corporate social responsibility (CSR) reporting and communication. Scholars found that Twitter especially allows for rapid, dynamic (and relatively low-cost) communication with large and geographically dispersed stakeholders in a transparent, publicly visible forum. Here are 5 key takeaways from the research.
New Research – 5 Ways to Increase Employee Participation in CSR Programs
As a result of increasing awareness, public expectations, and a desire to create a positive social impact, more companies are allocating resources to Corporate Social Responsibility (CSR) efforts – and employee adoption of these activities is crucial to their success. Based on recent research commissioned by the Satell Institute, here are 5 methods for companies to increase employee participation in CSR.
4 Reasons CEOs Are Increasingly Partnering with Non-Profits to Satisfy New Employee CSR Interests
In 2016, Cone Communication conducted a survey that found 75% of Millennials would take a pay cut to work for a responsible company (compared with a 55% average across all ages); while almost two-thirds would not accept a job from a company without strong CSR practices.
Three Ways Nonprofits Bolster the Economy. And Potentially Your Business.
Nonprofit organizations are essential to our quality of life. They are also vital to the economic well-being of the community and all businesses that serve it.
3 Underlying Components for Companies with Successful CSR Programs
Democratic societies with thriving economies depend on 3 Underlying Components: FREE ENTERPRISE, RULE OF LAW, and PEOPLE ACCEPTING RESPONSIBILITY FOR THEIR OWN SITUATION. It would benefit everyone engaged in CSR to build on and promote these components for continued success.
When a Business Contributes to the Well-being of a Community, Evidence Shows It Creates More Customers and More Loyalty for Them
CSR creates a bigger marketplace for growth. It increases profits. And it provides more opportunity for business success for those involved. Powerful research supports these insights.
The big question – why should companies engage in any kind of philanthropy?
Why should they use valuable time and precious resources for any activity that does not obviously improve the bottom line? A leading CSR scholar proves how it improves a firm’s financial performance.