Maria Yee established her eco-friendly, high-end furniture company long before going green was the done thing. Two decades later, her company’s environmentally sound practices not only reflect a planet-friendly ethos, but also drive a market-friendly creative edge. Here’s how and why Yee stays green in a brown industry.
Solutions to supply chain problems from motorcycle parts in Africa to grocery delivery and solar power in the US were shared at the Advancing Socially and Environmentally Responsible Supply Chains Conference presented by the Stanford Global Supply Chain Management Forum and the Center for Social Innovation at the Stanford Graduate School of Business.
The Rockefeller Foundation is staying at the forefront of new and big ideas and funding new innovation processes like crowdsourcing and collaborative competitions.
DEAD AID: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo Review by Jane Wales
STRATEGY FOR SUSTAINABILITY: A Business Manifesto by Adam Werbach Review by Amory Lovins
The cofounder of online jewelry retailer Brilliant Earth explains how she built her business.
A professor of organizational behavior argues that "human sustainability" may pay off too.
A study of oil rigs shows that a different approach to male-dominated environments can change corporate culture.
Seen as a leader in sustainable business practices, Patagonia tracks every step in the manufacture of its products to be sure there are "no unintended consequences of our actions," says founder Yvon Chouinard.
As Japan shifts from disaster relief to rebuilding, GSB alumni see opportunities for change and renewal.
Social entrepreneurship and social enterprise have become popular rallying points for those trying to improve the world. These two notions are positive ones, but neither is adequate when it comes to understanding and creating social change in all of its manifestations. The authors make the case that social innovation is a better vehicle for doing this. They also explain why most of today’s innovative social solutions cut across the traditional boundaries separating nonprofits, government, and for-profit businesses. —By James A. Phills Jr., Kriss Deiglmeier, & Dale T. Miller
British American Tobacco Malaysia has won the favor of the Malaysian government and people by making donations to cultural institutions, funding scholarships, and developing youth smoking prevention programs. But can a tobacco company ever be socially responsible?
Commercial microfinance institutions (MFIs) must calculate two bottom lines: alleviating poverty for clients and also generating profits for investors. To achieve the latter goal, some MFIs charge their impoverished clients exorbitant interest rates. The recent Banco Compartamos IPO in Mexico raises a red flag, demonstrating how easily well-intentioned MFIs and their investors can shift from microlending to microloan-sharking. —By Jonathan C. Lewis
How to get more racial minorities into corner offices. —By John Rice
Dancing Deer Bakery helps most when it keeps its eye on the bottom line. —By Abby Fung
The more a business focuses on it’s social mission, the more revenue it will generate.
Nonprofits need to think seriously about helping their employees’ with post-work survival.
The author warns that selling a company or organization should not mean selling out as social missions will prove to contribute to long term success.
Good Capital invests in socially responsible Adina.
BB&T decides to help with the bailout of the financial market.
Nike has taken pains to clean up its act since the media brought public attention to human rights violations in its supplier factories in the 1990s. Through the Nike Foundation, the sports and fitness giant is taking a proactive approach to some of the world's most challenging social problems. In this audio lecture, Nike Foundation president Maria Eitel talks to a Stanford MBA audience about how the organization is focusing on creating economic opportunities for adolescent girls around the world as a means of alleviating poverty.
Starbucks has developed guidelines for creating and maintaining a sustainable supply chain, which it calls Coffee and Farmer Equity (C.A.F.E.) Practices. These coffee-buying guidelines help the company establish equitable relationships with farmers, workers, and communities. In this audio lecture recorded at Stanford during the 2007 Responsible Supply Chains Conference, Willard Hay explores what's making C.A.F.E. Practices successful.
Environmental sustainability is now an imperative for supply chains, and buyers and procurement professionals have more power than ever to exert pressure on suppliers to provide green products. Businesses are also partnering with government and nonprofits to create change in this arena. How do you communicate with suppliers on environmental innovation? At the Stanford 2007 Responsible Supply Chains Conference, executives from an HMO, a government agency, and an entrepreneurial company share successes in greening the supply chains.
The electronics industry is on the forefront of the movement to improve social responsibility and environmental sustainability across manufacturing and supply chains through collaboration. Industry experts gathered at Stanford for the 2007 Responsible Supply Chains Conference to discuss the business case for such collaboration, review the challenges, and explain why this industry has been particularly successful in this regard.
Nike has traveled the full range of the corporate social responsibility movement, from the campaigning days when it was a poster child for all things to do with poor working conditions through the era of multistakeholder partnerships. It has now moved into the next phase where corporate responsibility becomes part of the business model. Speaking at the Stanford 2007 Responsible Supply Chains Conference, Nike's VP for corporate responsibility, Hannah Jones, looks at the future of corporate responsibility as the focus shifts upstream.
McDonald's has migrated to India, and with it, a commitment to corporate social responsibility. In this university podcast, executive Abhijit Upadhye discusses how the introduction of the "golden arches" into the subcontinent over the past six years has resulted in the creation of local opportunities in the areas of agriculture and food production, storage, and transportation.
How do environmental challenges create growth opportunities, new markets, and innovation? Two Goldman Sachs managers discuss how their investment firm is making the financing of corporate deals contingent upon the incorporation of increasingly stringent environmental criteria.
Dilemmas such as selling other nations scanners that can tell the sex of an unborn child or kerosene heaters without safety features were debated during a discussion with Stanford's Professor David Brady.
Global Management Perspective: According to Tom Mercer, the trip "gets you out of the classroom" and into practical situations. It also "... gives perspective of how to deal with global management."
The trip embodies the goals of the Stanford Graduate School of Business. For Joseph, the global trip "helps me put face and story for my passions."
How do environmental challenges create growth opportunities, new markets, and innovation? Two Goldman Sachs managers discuss how their investment firm is making the financing of corporate deals contingent upon the incorporation of increasingly stringent environmental criteria.
Dilemmas such as selling other nations scanners that can tell the sex of an unborn child or kerosene heaters without safety features were debated during a discussion with Stanford's Professor David Brady.
Global Management Perspective: According to Tom Mercer, the trip "gets you out of the classroom" and into practical situations. It also "... gives perspective of how to deal with global management."
The trip embodies the goals of the Stanford Graduate School of Business. For Joseph, the global trip "helps me put face and story for my passions."
The experience brought back to the GSB: It was a proud moment when a classmate raised his hand and said, "In Guatemala we saw this as an example of what you just said."
The CEO of Gardenburger, a seller of veggie burger products and other food alternatives to meat, considers the company’s advertising strategy. He aims to take the company from the small health-food niche to the consumer mainstream.
This case details the 2006 decision by the United Kingdom to deny coverage for a new form of inhaled insulin. In doing so, it highlights the challenges to innovators in managing conflicts over the costs, benefits, and risks of new technology.
The case discusses U.S. and international accounting guidance regarding the disclosure of contingent and environmental liabilities.
Worldstock, Overstock.com’s socially responsible initiative, which marketed handicrafts produced by developing nation artisans to the United States, was suffering losses. Some stakeholders wondered if Worldstock would be shut down or spun off if the situation did not improve.
The San Diego Padres’ ballpark was the first integrated sports facility/development project ever attempted. While it proved to be a huge success for the Padres, San Diego, and taxpayers, there were many obstacles that had to be overcome.
With Google's rapid international growth, came a number of nonmarket challenges including privacy issues in both the United States and European Union, the spectrum auction, intellectual property, corporate social responsibility, and business practices in China.
This case explores the various corporate governance systems that have been adopted in the United States and abroad. It examines issues of control, director and auditor independence, board structure, and more.
Gilead Sciences designs a strategy for delivering an AIDS drug to developing nations in Africa. This first part of the case describes the organization's initial considerations.
Gilead Sciences designs a strategy for delivering an AIDS drug to developing nations in Africa. This second part of the case explores the company’s experience with a distribution program.
A shipment of industrial products gets waylaid by customs in Thailand, with a charge of smuggling. When the project manager refuses to pay an extortionary fee and is reported to officials, the company manager must figure out how to defuse the situation.
In 2000, the Rainforest Action Network launched a campaign to get Citigroup to stop financing destructive activities in endangered ecosystems. Three cases trace the development of that campaign starting with the initial launch and tentative negotiations.
What are the motivations for corporate philanthropy, and what forms may such philanthropy take? Is philanthropy good business, and can corporate efforts result in effective philanthropy?
TransFair USA, the fair trade labeling arm of the Fair Trade Labeling Organization, faced strategic challenges in 2003. The founder needed to convince uninformed mainstream consumers and skeptical large-scale coffee roasters to buy Fair Trade Certified coffee.
Adiana’s new female sterilization catheter had proven to be successful in preliminary trials in Mexico. The company president had to make decisions about subject consent and Adiana’s responsibility to participants in further trials.
Merck was grappling with how to distribute an HIV drug in limited supply. The decision team had chosen to manage distribution from one source, and was meeting to review the progress and success of its plan.
Although most of the research and public pressure concerning sustainability has been focused on the effects of business and organizational activity on the physical environment, companies and their management practices profoundly affect the human and social environment as well. This article briefly reviews the literature on the direct and indirect effects of organizations and their decisions about people on human health and mortality.
Organization members overestimate the degree to which others share their views on ethical matters. That is, a high level of "betweenness centrality" increases an individual's estimates of agreement with others on ethical issues beyond what is warranted by any actual increase in agreement.
The article examines environmental issues related to supply chains and supply chain management. Attempts to introduce sustainable practices into supply chains often meet with unexpected financial or environmental costs.
Establishments in better managed firms are significantly less energy intensive. Better managed firms are also significantly more productive. These results suggest that management practices that are associated with improved productivity are also linked to lower greenhouse gas emissions.
Self-regulation is the private provision of public goods and private redistribution. This paper examines the scope of self-regulation motivated by altruistic moral preferences that are reciprocal and stronger the closer are citizens in a socioeconomic distance.
This course uses novels and plays as a basis for examining the moral and spiritual aspects of business leadership and of the business environment. The literature covered illuminates the character of business people and the cultural contexts of values and beliefs in which commercial activities take place in a global economy.
Understanding the processes of power and influence in organizations is critical for leaders. This course aims to teach students how to to diagnose and analyze power and politics in organizational situations, show students how to exercise power effectively, and help students come to terms with the inherent dilemmas and choices involved in developing and exercising influence.
This course examines the concept of principled leadership and the various ways leaders try to institutionalize values within their organizations. Through assigned readings, interactive lectures with visiting executives, and weekly small group discussions, students learn how leaders implement their principles, and reflect on their own values and career aspirations.
This course focuses on the bioscience industry (biotechnology, pharmaceutical, medical device, genomics, and vaccine). The emphasis is on the ethical and social challenges of running companies in these areas.
This course examines the strategies that highly educated women and men use to combine work and family. It also explores how managers can help others achieve balance in these two areas.
Jeremy Sokulsky is working with government land managers, environmental regulators and private conservation investors to restore Lake Tahoe clarity.
Dave DeForest-Stalls wants to help kids stay out of gangs. He's providing mentorship and hip ways to keep youth on the straight and narrow.
Court Gould is pushing for Pittsburgh to grow sustainably. He's working hard to inform decision makers about to accomplish that most effectively.
Ruth Bolan is giving voice to indigenous peoples of the Pacific Island. She funds documentaries that bring their culture and challenges to millions of viewers.
Daniel Grossman's Wild Planet creates toys that parents love as much as kids. His aim is to inspire learning and inventiveness.
The article examines environmental issues related to supply chains and supply chain management. Attempts to introduce sustainable practices into supply chains often meet with unexpected financial or environmental costs.
Companies that invest in their lowest-level employees are more productive and more profitable.
Establishments in better managed firms are significantly less energy intensive. Better managed firms are also significantly more productive. These results suggest that management practices that are associated with improved productivity are also linked to lower greenhouse gas emissions.
Self-regulation is the private provision of public goods and private redistribution. This paper examines the scope of self-regulation motivated by altruistic moral preferences that are reciprocal and stronger the closer are citizens in a socioeconomic distance.
When disaster strikes somewhere in the world, what kind of leadership, nonprofit management, and supply chain expertise are needed? In this university podcast, Stanford professor of surgery, Paul Auerbach, shares lessons learned from the Stanford Emergency Medicine rapid response team's deployment in Haiti after the January 2010 earthquake. His experiences provide a glimpse in to how relevant groups may prepare themselves to better assist in future global catastrophes.