Category Archives: Corporate Social Responsibilty

Conflicted Self-Interest Causes Business Irresponsibility

If you closely examine corporate disasters—so often in the news these days—such as products or accidents that injure or kill people, environmental messes, and public relations nightmares, you will usually find a common culprit: bad decision-making caused by conflicted self-interest. … Continue reading

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Culture, Habits, and Irresponsibility

Corporate cultures and habits are powerful forces which influence companies to behave wonderfully, and sometimes—unintentionally—terribly. Positive behavior produces profitable, responsible, valuable companies. Negative behavior does not. When wondering why a company has acted irresponsibly, remember that culture, habits, and irresponsibility … Continue reading

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A Corporate Disaster Is Corporate Irresponsibility

(The first of a six part series.) Natural disasters—hurricanes, tornadoes, earthquakes—are unavoidable. Prudent, responsible companies in disaster-prone locations make contingency plans to mitigate the impact of a natural disaster, even if the likelihood of one occurring is small. Man-made corporate … Continue reading

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Business Decisions: The Good, The Bad, and The Responsible

Jack Welsh, the legendary former General Electric CEO, once said that the difference between great leaders and average ones is that great leaders make far more good decisions than bad ones. But all leaders, including great ones, make bad decisions. … Continue reading

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Making Employee Corporate Social Responsibility Personal

In 1970 the most influential economist of the day, Milton Freidman, wrote what became a famous article for The New York Times Magazine. In “The Social Responsibility of Business is to Increase its Profits” Friedman asserted that beyond operating ethically … Continue reading

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The Cost Accounting Of Corporate Social Responsibility

Companies would like us to believe that when they behave in a socially responsible manner they do so because it is the right thing to do. They hope we don’t pull back the curtain to find an accounting wizard sitting … Continue reading

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Flying Drones Through Loopholes: Questions of Business Ethics and Responsibility

           Risk managers, reputation managers, directors of corporate communications, chief ethics officers, CEOs, and board members of at least a number of household name companies are either asleep at the switch, or having sleepless nights. We can’t be sure which … Continue reading

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Conflicting Social Responsibilities Makes For Tough Decision-Making

A new book, “The Moral Arc” by Michael Shermer, explores the evolution of moral thinking and behavior. At the time our country was founded, for example, something unthinkable today—human slavery—was accepted as normal and routine in many quarters. At an … Continue reading

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Big Banks Make A Responsible Decision, For A Change

The Wall Street Journal reported last week that a fraud prevention business, Early Warning Services, LLC, has stopped doing business with payday loan companies. Early Warning provides services that include bank account and balance verification. Its customers are lenders. It … Continue reading

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Intersection Of Responsibility And Profits On The Road To More Auto Sales

Recent news stories report both increased car sales and an increase in missed payments on subprime auto loans made last year. (For example, see “GM: U.S. Car Sales Could Grow 3% in 2015” and “Car Loans See Rise In Missed … Continue reading

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