Intelligent Design of Inclusive Growth Strategies
TLDR
In this article, the role of a new actor, a catalyst, is proposed to help companies forge new relationships with external funders, local intermediary companies, NGOs, and community leaders.Abstract:
Improving corporate engagement with society, as advocated in the Business Roundtable’s 2019 statement, should not be viewed as a zero-sum proposition where attention to new stakeholders detracts from delivering shareholder value. Corporate programs for sustainable and ethical sourcing practices, however, have fallen far short of solving the underlying causes of extreme poverty, extensive use of child labor, and threats to the environment and human health. We identify several causes to explain this disappointing shortfall in societal performance, including traditional company policies and incentives that inhibit the implementation of innovative, inclusive growth strategies. We propose the role for a new actor, a catalyst, to help companies forge new relationships with external funders, local intermediary companies, NGOs, and community leaders. The catalyst aligns the multiple stakeholders from multiple sectors into enduring, mutually- beneficial relationships that produce more value than that currently produced when stakeholders connect only by transactional relationships. The catalyst attracts funding from public and private sources to invest in the new ecosystem, which can generate attractive financial returns while alleviating poverty and environmental degradation. Finally, the catalyst engages the multiple participants to collectively co-create explicit strategies and scorecards of metrics, which serve to motivate, create accountability, and enable an enduring governance model for a multi-stakeholder ecosystem.read more
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Book ChapterDOI
Social Business Strategies to Alleviate Poverty in Emerging Countries Aiming at New Development Strategic Management Theories: Focusing on the Business Model of Grameen-Euglena in Bangladesh
TL;DR: In this article , the authors elucidate the business strategy as a poverty reduction strategy from the joint social business innovation by foreign-based corporations and NGOs, and consider the social business model between sectors by this joint company to solve social issues in rural areas, based on the research field surveys on “Grameen Euglena” in 2016 and 2020.
References
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Book
The Execution Premium: Linking Strategy to Operations for Competitive Advantage
TL;DR: In this paper, the authors describe a multistage system that enables companies to gain measurable benefits from their carefully formulated business strategy, such as SWOT analysis, vision formulation, and strategic change agendas.
Journal Article
Managing Alliances with the Balanced Scorecard
TL;DR: In this article, Solvay Pharmaceuticals and Quintiles used the balanced scorecard management system and a strategy map to make their partnership a rousing success, and the system was used to make decisions based on the scorecard and strategy map.
Journal Article
The Truth about CSR
TL;DR: In this article, a more coherent strategy that divides CSR efforts into three categories including those related to philanthropy, operational effectiveness, and shaping the firm's business model to better create shared value is proposed.
Journal Article
Designing high-performance jobs.
TL;DR: To carry out his or her job, each employee has to know the answers to four basic questions: What resources do I control to accomplish my tasks?
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