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Capitalism with Purpose, not Profit at its Center By Andrew Kassoy The Occupy Wall Street movement has captured a great deal of attention as it spreads beyond New York City to major cities across the globe. While some critique the protests as diffuse in message or lacking in substance, it is clear that the movement [...]
When I became a Truman Scholar back in 1989, my vision of a career in public service was narrow: I would work on policy issues in Washington, D.C., then run for office and serve my society. When politics started to seem bitter and ugly, I kind of gave up and joined the private sector. As [...]
Business accounts for over 75% of our nation’s GDP— this provides businesses with a tremendous opportunity to create results beyond financial return. We are living in an era of rapid change, with the incredible resources of inspiring entrepreneurs and businesses addressing major social problems. One great example is Southern Energy Management, which offers an array [...]
Brand loyalty is built on trust. Trust is built on transparency. That’s why Harvard Business Review devoted its April issue to the topic. The trust issue is at the core of last week’s New York Times article about Honest Tea’s ongoing sale to Coca-Cola. The article shined a light on Honest consumers’ worst fears–that “big bad corporate Coke” [...]
The June 12 NY Times contains an article entitled “Those Earth-Friendly Products? Turns Out They’re Profit-Friendly as Well” in which the writer points out the economic benefits for companies of selling consumer products that are green – both higher revenues from marketing green consumer products, and expense reductions from green efficiencies. While we should all [...]
Sanford Lewis, the attorney for Harrington Investments behind the recent Intel decision to include sustainability as a required consideration of a committee of its Board of Directors, posted this interesting piece on CRSWire. It is about different approaches to corporations adopting the Precautionary Principle to corporation risk management and governance. It is a great read, so check it out.
Over the past three years, we’ve had a lot of those late-night-over-beers conversations that ended with “wouldn’t it be great if there was a new corporate form built to enable social benefit and shareholder value? Yeah, we should work on that.” I’m not sure how clearly we believed it was a near term possibility, but [...]
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