Good Capital invests in socially responsible Adina.
It’s time to rethink the “C” in CSR. —By Allen L. White
In their efforts to be socially responsible, most companies fail to wield their most powerful tool: lobbying. Yet corporations such as Mary Kay, Royal Dutch Shell, and General Motors are increasingly leveraging their deep pockets, government contacts, and persuasive powers for the cause of good. Not all kinds of socially responsible lobbying are created equal, however. The authors discuss which forms are best for companies and society. —By Kyle Peterson & Marc Pfitzer
BB&T decides to help with the bailout of the financial market.
Why the Soccer Ball Project—one of the world’s first multistakeholder efforts to stop abuses of labor rights—is failing to protect workers in Pakistan. —By Anthony Ewing
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.
Goldman Sachs 10,000 Women program is helping women in 22 countries in the developing world start and grow businesses, Dina Habib Powell, who oversees the effort told a business school audience.
When oil began gushing into the Gulf of Mexico last year, scientists, engineers, and operations workers all had different ideas about what to do. The biggest lesson may have been getting these different groups to work together, Marcia McNutt of the USGS told a Stanford Graduate School of Business audience.
Corporations that violate human rights not only inflict suffering, but also hurt their bottom line. The authors suggest five principles that corporations can follow to improve their human rights footprint. —By Jenik Radon, Margo Tatgenhorst Drakos, & Tarek Farouk Maassarani
Multinational corporations are in a quandary: Stakeholders are imposing higher standards than ever, but businesses are confused about what their global social responsibilities actually are. —By Gerald F. Davis, Marina V.N. Whitman, & Mayer N. Zald
When scarcity sets in, market forces can lead corporations to adopt green practices.
SSIR Academic Editor Jim Phills spoke with Nike’s Hannah Jones about the sportswear giant’s extensive corporate social responsibility programs.
Many businesses serving lower income communities languish because they can’t raise enough money to fund their growth. To meet their needs, a new breed of private equity investment—development investment capital—has emerged. Although this style of investing is still in its infancy, it’s already showing promise. —By Beth Sirull
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.
The annual World Social Forum is the centerpiece of an international effort to promote globalization based on peace, sustainability, and solidarity. In this audio lecture, Founder Oded Grajew describes the early planning and growth of WSF, and explains the core ideals that led to positive change and strengthened his belief that a better world is possible.
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In nonprofit management, organizations should approach corporations as they would clients and offer tailored marketing operations that serve their needs. That's the advice Nancy Lee delivers in this audio lecture. Speaking to an audience of nonprofit executives during the 2006 Nonprofit Management Institute at Stanford, Lee shares the lessons from 20 years of building nonprofit-corporate partnerships that both serve corporations' objectives and enhance nonprofits' mission delivery.
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How do we look after the global public good in a society where globalized businesses aren't subject to international control? In this audio lecture, Peter Eigen explains civil society organizations' role in creating necessary structures and rules to fill the gaps in current global governance. Suggesting cooperation between academic, business, and social actors, Eigen uses Transparency International's policies as examples in the fight against corruption and environmental abuse.
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Ashoka's founder, Bill Drayton, believes that everyone can be a changemaker. In this audio lecture, he reflects on many of the early influences that helped him understand how to advance true social progress. From these beginnings, he traces his own path in public service, and describes the founding of Ashoka, which has grown into a flourishing network of social entrepreneurs who can serve as role models for further progress in promoting social justice around the globe.
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As a leading thinker on corporate social responsibility, Oded Grajew is challenging businesses, consumers, and governments to join in acting ethically towards a sustainable social good. With early roots in the Brazilian toy business, Grajew now heads the Ethos Institute for Business and Social Responsibility. In this audio lecture, he shows that business can be a powerful force for positive change and shares methods of enlisting everyone's help to build a sustainable society.
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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.
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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."
For Sarah Garrett, MBA '08, the service learning trip to Guatemala gave her an opportunity to get to know the first year students better, both socially and also in order to share thoughts about their service learning experiences.
MBAs Get Their Hands Dirty and Get Perspective: Tom Mercer, Class of '09, says, "We went out and picked one of the toughest plots out there ... and got our hands dirty. It was really laborious. ... We were told we had each earned about a dollar a day as workers."
There Must Be a Better Way: "We saw their coffee operation. ... Individuals picked through their coffee beans to get the high premium quality beans. ... It made you think: There MUST be a better way," says Tom Mercer, Class of '09, of his experience in Guatemala.
With energy costs on the rise and the U.S. government expected to push for reduced carbon emissions, environmental sustainability has become a market imperative for Hewlett-Packard. Speaking at Stanford for the 2007 Responsible Supply Chains Conference, HP's senior VP of personal systems, Tony Prophet, shares how his company is working to reduce its environmental footprint throughout the product life cycle.
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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.
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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.
A massive South African mining conglomerate was debating how to confront the ravages of HIV/AIDS on the workforce. It considered challenges associated with launching an antiretroviral program.
In 1998, the chief executive of Mobil in Indonesia considered how he should respond to allegations that Mobil had been complicit in human rights abuses. The cases reflect on the challenges of managing operations in a place like Aceh.
In an unprecedented move in 1998, Blue Cross of California filed a citizen petition to switch three drugs to over-the-counter status. When the FDA approved, the pharmaceutical companies faced the challenge of developing a strategy for dealing with the threat.
Jack Sheaffer had a unique wastewater treatment system that produced no organic sludge, no odor, and was cheaper than conventional systems. He wanted a business plan that would insulate him from marketplace shocks and found it with the BOOM program of build, own, operate, and maintain.
International Paper has engaged in a plan to lease hunting and camping opportunities on its lands. It now must provide support for environmental management programs in the face of declining demand for hunting areas and increased demand for environmentally friendly forest products.
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.
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