Is Corporate Social Responsibility the New Competitive Differentiator for Capitalism?
Saturday, October 17th, 2009“The epicenter of the world economy is moving out of the west and changing the focus of corporate investment strategy. As a result, the
20th-century business model, which says business only exists to make a profit, is no longer valid. The new model is to build on the profit goal via sustainable globalization. This means business has to address global challenges in emerging markets like clean water, education, AIDS, and climate change in order to pave the way to growth and profits. Successful businesses in 5 to 10 years will be the ones that recognize this opportunity to address these challenges as a step to leading in emerging markets. Those who don’t will be left behind.”—E. Neville Isdell, chairman of Coca-Cola (now retired), paraphrased from remarks at the 2008 Clinton Global Initiative
This is excerpted from a speech delivered last year at the Clinton Global Initiative. With the epicenter of the world economy moving out of the west and into developing nations, how will this changing the focus affect (more…)
Shot in the gritty streets of Kingston, the movie starred reggae singer Jimmy Cliff as Ivan, a boy from the country who comes to the city with dreams of making it big as a singer but doesn’t quiete reach is goal as he dies in the end. It became an international cult classic and introduced reggae music to the world before Bob Marley became a household name. But outside of that