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When Good Companies Do Bad Things: Responsibility and Risk in an Age of Globalization
Peter Schwartz,Blair Gibb +1 more
TLDR
Schwartz and Gibb as discussed by the authors explore the strategic relationship between know-how, integrity, and integration, demonstrating how companies that fail to embrace the deeper meanings of these terms jeopardize their reputations and future prosperity.Abstract:
A good reputation is certainly an asset for any company, but to a public that has raised its expectations of business' responsibility to society, being good just isn't good enough More than public relations posturing or kowtowing to political correctness, social responsibility in corporations is proving essential to the long-term success of companies in today's globalized economy Businesses must now contend with a globalized public that is increasingly aware of business' obligations to society and expects a level of accountability that most companies cannot meet Good companies must go beyond merely being good-they must have integrity and a strategy aligned with it
Integrity in business has traditionally meant being honest, upright, and ethical, but in response to globalization, companies are being forced to move beyond this definition and add to it another fundamental quality-integration with society Corporations must anticipate and respond directly to the demands of public opinion rather than waiting for government intervention, mediation, and regulation to force them into action When Good Companies Do Bad Things explores the strategic relationship between know-how, integrity, and integration, demonstrating how companies that fail to embrace the deeper meanings of these terms jeopardize their reputations and future prosperity
The notion of corporations taking on social issues for the greater good is gaining momentum, not only because of political correctness but because it can strengthen a company's long-term strategy Peter Schwartz and Blair Gibb examine well-known cases of companies like Shell, Nike, Texaco, and Nestle, illustrating the huge financial risks of corporate assumptions that lead many companies to make poor choices The authors present new approaches that demonstrate how it is possible to translate social value into business valueread more
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Social, environmental and sustainability reporting and organisational value creation?
TL;DR: In this article, the authors examine the extent to which social, environmental and sustainability accounting and reporting (SEA) can or should contribute to shareholder value and, correspondingly, to consider the challenge that SEA can offer to the conventional views of "value" that underpin traditional financial accounting.
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Trust Repair After An Organization-Level Failure
Nicole Gillespie,Graham Dietz +1 more
TL;DR: In this article, a systemic, multilevel framework for understanding trust repair at the organizational level is proposed, where each component of an organization's system shapes employees' perceptions of the trustworthiness and can contribute to failures and effective trust repair.
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Does sustainability reporting improve corporate behaviour?: Wrong question? Right time?
TL;DR: In this article, the authors take their starting point from the ICAEW's "Sustainability: the role of accountants" -one of the outputs from the Institute's Information for Better Markets initiative.
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Corporate Governance in the Context of Crises: Towards a Stakeholder Theory of Crisis Management
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Book
International Relations: The Key Concepts
TL;DR: In this paper, the authors present a list of key concepts for International Relations Website Bibliography Index and Appendix A-Z of International Relations website Bibliography index, including the following key concepts: