CREATING SHARED VALUE:
|
|
- Samuel Hudson
- 6 years ago
- Views:
Transcription
1 CREATING SHARED VALUE: CUTTING EDGE BUSINESS STRATEGY Olga Zubrilova, PhD, MBA, MICA, International University of Monaco Ingo Böbel, Dr. Dr. habil., Professor of Economics and Strategy, International University of Monaco, Affiliate of the MOC Teaching Network (ISC at Harvard Business School) and Member of Creating Shared Value Initiative International Moscow Compliance Conference, February, 2015
2 CREATING SHARED VALUE: CUTTING EDGE BUSINESS STRATEGY World Economic Forum, Davos The World Bank CSV UNCTAD Nestle, IBM, Anglo American, Google, Walmart, Mars, Rockefeller Foundation, Verizon, Intel, Lilly, BD, BP, Western Union, Novartis и др. PWC, EY, KPMG Global Reporting Initiative, Bureau Veritas Forbes, Bloomberg, Guardian etc. Other companies, governments, international authorities
3 ATTACHMENT 1: CSV KEY CONCEPTS CREATING SHARED VALUE (CSV) New business model, developed by M. Porter and M. Kramer in 2011 CSV is a framework for creating economic value while simultaneously addressing societal needs and challenges. When businesses act as business not as a charitable donors they can improve: Profitability while also improving environmental performance, Public health and nutrition, Affordable housing and financial security, and Other key measures of societal wellbeing. ArticleId/594/Default.aspx? srpush=true (!) Only business can create economic prosperity by meeting needs and making a profit, creating infinitely scalable and self-sustaining solutions.
4 From CSR to CSV: MOVING TO SHARED VALUE (*) CSV concept helps to identify opportunities to address societal issues and deliver real business value. This requires that business accepts to rethink its business model. CORPORATE SOCIAL RESPONSABILITY (CSR) Values: doing good, good citizenship, philanthropy, and sustainability Discretionary Separate from profit maximisation Agenda externally determined Impact is limited by the corporate footprint and CSR budget CREATING SHARED VALUE (CSV)** Values: economic & societal benefits relative to cost Integral to competing Essential to profit maximisation Agenda is business specific Mobilizes the entire company budget Compliance Compliance * Professor Michael E. Porter Harvard Business School, presentation to Babson Enterpreneurship Forum Boston, Massachusets, November 13, 2011 ** See Attachment 1 for more detailed information
5 CREATING SHARED VALUE: CHALLENGES SHAREHOLDERS TOP MANAGEMENT CSV: NEW BUSINESS CONCEPT& CHALLENGE FOR BUSINESS PROCESSES & GOVERNANCE INFRASTRUCTURE (incl. RISK MANAGEMENT, COMPLIANCE, INTERNAL CONTROL,AUDIT) PERFORMANCE MANAGEMENT & MEASUREMENT PROCESS REPORTING HR STRATEGY (TALENT MANAGEMENT)
6 SOCIAL NEEDS & ECONOMIC VALUE CREATION (*) 1 ENERGY EFFICIENCY ENVIROMENTAL IMPROVEMENT EDUCATION Social deficits and environmental impact create economic costs for companies WATER USE COMMUNITY ECONOMIC DEVELOPMENT AFFORDABLE HOUSING COMPANY PRODUCTIVITY WORKER SAFETY WORKFORCE SKILLS HEALTH Community weaknesses affect company productivity Social needs represent the largest unserved market opportunities There is growing congruence between economic value creation and societal objectives * Professor Michael E. Porter Harvard Business School, presentation to Babson Entrepreneurship Forum Boston, Massachusetts, November 13, 2011 Novo Nordisk* (PROJECT IN CHINA, 2010 DATA) Social Issue: HEALTH & NUTRITION (catastrophic prevalence rate of diabetes) Approach: STRENGTHEN HOLISTIC MARKET ENTRY STRATEGY INTO CHINA SOCIETAL VALUE** Professional Training of 220,000 physicians: Investments in strengthening the local healthcare system have built strong relationships with local stakeholders including people with diabetes and healthcare professionals. Training of 280,000 people with diabetes Since 1997, patient education had saved the Chinese society DKK 3.7 billion by reducing diabetes related complications As result, 140,000 saved life years, and this number was projected to increase by 30% annually BUSINESS VALUE** Novo Nordisk realised 63% market share and sales of DKK 4,500 million, and insulin sales by volume of 12,000 mega units Strengthen trust and reputation among physicians, population, government agencies compared to competition. * ** Measurement Methodology (Attachment 1)
7 NESTLE CASE -CSV COMMITMENTS (*) Starting in 2012, Nestle shared a number of robust commitments to support the long-term goal of CSV and changed its performance measurement system (KPIs or using measures attached to specific initiatives, such as the Nestle Cocoa Plan and the Nescafe Plan). Commitments cover: 2 *
8 CHALLENGE FOR COMPLIANCE New CSV strategy requires re-engineering of Risk Management & Compliance Infrastructure to secure long-term brand protection, keep competitive advantage CSV-based Compliance Strategy Existing Compliance strategy to comply with laws, external & internal regulations new CSV-based Compliance strategy to comply with laws, external & internal regulations to comply with CSV business principles Principles for CSV Compliance strategy development (Compliance Triangle): CSV opportunities (economic & social values) to comply with CSV business principles* Financial & Economic stability - Economic and societal benefits relative to cost; Accountability To implement and enforce policies and procedure aimed at ensuring operations are in compliance with laws & CSV Strategy Integrity consistent commitment act according to the values, Compliance strategy needs to be integral part of CSV Strategy to ensure fair strategic differentiation and CSV-effectiveness; principles Company claim to hold To upgrade Risk& Compliance Strategy in accordance with new CSV business model ** Talented management policy to attract professionals able to develop, implement and train business people how manage risk and opportunities Challenge for CSV-based Compliance: * Nestle case (Attachment 3) ** Embedded Approach to Shared Value (Framework, Attachment 4) 8
9 MATURITY OF CSV CONCEPT CSV: INTERNATIONAL EXPERIENCE CSV: RUSSIAN INITIATIVES Creating Shared Value Initiative & APC Network established to promote CSV globally: A profound theoretical framework for the concept is being developed; Corporate practices are being streamlined; Commercial practices to measure performance resulting from application of this concept are being prepared; National network communities are being established (Australia) A move from examination of CSV concept towards its implementation as part of the corporate business strategy and revision of business processes in the companies has become a consistent trend; Approaches towards implementation of CSV in different sectors (upstream, education, finance, healthcare) and countries (Chile) are being investigated; A pilot training module on CSV developed (Harvard Business School); The first training - December 10-12, 2014; NPO Working Group is developing approaches to forming efficient partnerships on CSV concept Evolution & Philanthropy s (E&P) representative office established : a member of Shared Value Initiative network; an official representative of APS Networking (global consultancy) in Russia E&P focus on development of potential for social innovations and measuring social results. Russian research work on business social involvement directly covers the aspects of CSV concept development and implementation (Managers Association presentation on social investments in Russia) Regular talks and consultations in professional networks in Russia (including those initiated by E&P) regarding new practices and approaches to business social innovations, including approaches to creating shared value (CSV). Russian universities are interested in best international business practices, including CSV, and training for new type managers (MIRBIS, the Higher School of Economics)
10 STEPS FORWARD We believe it is required to: Continue investigations and discussions over CSV best practices among professional networks and institutions and their impact on: Revision of corporate business strategies Re-engineering and re-design of business processes, including: Strategy development, Talent management; Risk management, compliance, internal control and audit, Internal reporting preparation. Revision of roles of business partnerships, NPOs, state and institutions Development of a toolset to accurately measure correlation between a contribution to social development and core business indicators 2
11 CONTACTS & PROJECT PARTNERS We appreciate our partner - Evolution & Philanthropy for their contribution to the project. Ingo Böbel, Dr. Dr. habil., Professor of Economics and Strategy, International University of Monaco, Affiliate of the MOC Teaching Network (ISC at Harvard Business School) and Member of Creating Shared Value Initiative ibobel@monaco.edu Evolution & Philantrophy (UK, Russian Branch) Olga Evdokimova Director Evd_oa@uralsib.ru Olga Zubrilova, PhD, MBA, MICA, International University of Monaco ozubrilova@monaco.edu Sergey Martyschenko Program Director MartyschenSV@uralsib.ru 2
12 ATTACHMENT 1
13 BUSINESS & SOCIAL RESULTS LINKS (*) LEVELS OF SHARED VALUE BUSINESS RESULTS SOCIAL RESULTS 1 RECONCEIVING PRODUCTS AND MARKETS How targeting unmet needs drives incremental revenue and profits Increased revenue Increased market share Increased market growth Improved profitability Improved patient care Reduced carbon footprint Improved nutrition Improved education 2 REDEFINING PRODUCTIVITY IN THE VALUE CHAIN How better management of internal operations increases productivity and reduced risks Improved productivity Reduced operating costs Secured supply Improved quality Improved profitability Reduced energy use Reduced water use Reduced raw materials Improved job skills Improved employee incomes 3 ENABLING CLUSTER DEVELOPMENT How changing societal conditions outside the company unleashes new growth and productivity gains Reduced costs Secured supply Improved distribution infrastructure Improved workforce access Improved profitability Improved education Increased job creation Improved health Improved incomes *
14 CSV MEASUREMENT: THE PURPOSE OF MEASUREMENT* Existing social performance measurement covers: (1) sustainability, (2) social and economic development impact, (3) reputation, and (4) compliance. These metrics demonstrate a company s progress in managing its social impact-but they don t capture CSV creation. The Purpose of Measurement: MEASUREMENT FOCUS WHAT TO MEASURE? WHY MEASURE? FOR WHOM? Sustainability Efficiency in use of input factors (e.g., natural resources and labor) and improved product and community impact Minimize negative externalities and augment positive impacts Maintain a license to operate Management Communication to external stakeholders Impact assessment The long term social and economic development Impacts of operations and/or philanthropy Track progress on social and economic development impact Maintain a license to operate Management Communication to external stakeholders Reputation How societal impacts contribute to company reputation Manage reputation Primary for management Compliance Compliance with laws and voluntary policies, standards, and codes Ensure adoption and compliance Maintain a license to operate Management Communication to external stakeholders (!) When companies do not understand or rigorously track the interdependency between social and business results, they miss important opportunities for innovation, growth, and sustainable social impact at scale. An approach to shared value measurement that focuses on the interaction between business and social results is among the most important tools to drive shared value in practice. Shared Value Joint business and social value creation Grow the total shared value created Primarily for management (!) new Targeted communication to external stakeholders * -value/emerging topics
15 SHARED VALUE MEASUREMENT PROCESS Shared value measurement requires an iterative process that is integrated with business strategy, not a one-time or periodic effort separate from measuring business performance. An integrated shared value strategy and measurement process includes four steps: Identify the Social Issues to Target The result of this step is a list of prioritized social issues that represent opportunities to increase revenue or reduce costs Make the Business Case Solid business case development based on research and analysis of how social improvement will directly improve business performance. This step includes: Identifying the targets and specifying activities and costs involved for each shared value opportunities; Modeling the potential business and social results relative to the costs (value creation potential) Making a go/no-go decision Track Progress Measure Results and Use Insights to Unlock New Value Using the business case as a roadmap, companies then track the progress against the desired targets: tracking inputs and business activities, outputs, and financial performance (revenues, costs) relative to projections The focus is validating and anticipating link between social and business results and determining whether the outlay of corporate recourses and efforts. Insights and lessons from this analysis will inform opportunities to unlock further value creation through refining the shared value strategy and execution *
16 EMBEDED APPROACH TO SHARED VALUE (FRAMEWORK*) Embedded Approach to Shared Value Identify the shared value opportunities for a Company: strategic objectives to create value for shareholders and other stakeholders groups 1. Materiality Assessment: key drivers, risks & opportunities to realize shared value opportunities (to meet shareholders & society s expectations multi-criteria analysis to be sure that CSV strategy will be achieved). Companies need to bring materiality assessment forwards in the business planning and reporting cycle, and put materiality assessment at the heart of the strategy development process. 2. Strategic Assessment: the Company will need to develop business plans which cascade from and support the achievement to capture the Shared Value opportunities 3. Capability Assessment: to evaluate and put in place plans to establish the enablers of a Shared Value strategy. 2 *
Shared Value and Health in Africa
Shared Value and Health in Africa AFRICA HEALTH BUSINESS SYMPOSIUM NOVEMBER 7, 2017 1 For 17 years FSG has supported companies to make their engagement with society more effective Consulting firm and thought
More informationCreating Shared Value: The Path Forward
Creating Shared Value: The Path Forward Professor Michael E. Porter Harvard Business School FSG Shared Value Leadership Summit Boston, MA May 31, 2012 This presentation draws on ideas from Professor Porter
More informationThe Journey to Shared Value
The Journey to Shared Value INSTITUTE OF MEDICINE FORUM ON PUBLIC-PRIVATE PARTNERSHIPS FOR GLOBAL HEALTH AND SAFETY DECEMBER 3, 2015 FSG 1 What does the shared value journey look like for these companies?
More informationCreating Shared Value: Redefining Capitalism and the Role of the Corporation in Society
Creating Shared Value: Redefining Capitalism and the Role of the Corporation in Society Professor Michael E. Porter Harvard Business School Chile May 2011 This presentation draws on ideas from Professor
More informationInstitute of Medicine: Forum on Public Private Partnerships for Global Health and Safety
Institute of Medicine: Forum on Public Private Partnerships for Global Health and Safety November 18, 2014 Laura Herman, Managing Director, FSG @LauraSLHerman, #sharedvalue Boston Geneva Mumbai San Francisco
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School CSV Forum: Practical Wisdom for Creating Innovation Tokyo, Japan December 4, 2012 The ideas drawn
More informationCreating Shared Value: Redefining the Role of Business in Society
Creating Shared Value: Redefining the Role of Business in Society Mark Kramer Founder & Managing Director, FSG Senior Fellow, Harvard University prepared for: World Environment Center November 7, 2011
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School HSM World Business Forum New York, NY October 3, 2012 The ideas drawn from Creating Shared Value
More informationCreating Shared Value
Creating Shared Value New Jersey Corporate Philanthropy Network Council of New Jersey Grantmakers March, 018 March 018 Table of contents Evolving approaches in the role of business in society What is shared
More informationIntroduction to Shared Value. The Juneau Economic Development Council Innovation Summit
Introduction to Shared Value prepared for The Juneau Economic Development Council Innovation Summit February 2013 Boston Geneva Mumbai San Francisco Seattle Washington FSG.ORG FSG Overview Nonprofit consulting
More informationThe Role of Business in Society: Creating Shared Value
The Role of Business in Society: Creating Shared Value Professor Michael E. Porter Harvard Business School Innovation Leadership Speaker Series Fox School of Business March 11 th, 2014 The ideas drawn
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School COSIA Presentation Calgary, Canada September 14, 2012 The ideas drawn from Creating Shared Value
More informationThe Role of Business in Society: Creating Shared Value
The Role of Business in Society: Creating Shared Value Professor Michael E. Porter Harvard Business School Seoul, South Korea December 6, 2011 This presentation draws on ideas from Professor Porter s books
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School Marketing 50 Spring Summit May 11, 2011 This presentation draws on ideas from Professor Porter s
More informationBuilding Competitiveness and Prosperity through Shared Value. Dane Smith Managing Director, FSG
Building Competitiveness and Prosperity through Shared Value Dane Smith Managing Director, FSG The Developing World Cannot Create Sustained Prosperity Without Improvements in Social Conditions Private
More informationMeasuring Shared Value
Measuring Shared Value How to Unlock Value by Linking Social and Business Results Michael E. Porter, Greg Hills, Marc Pfitzer, Sonja Patscheke, and Elizabeth Hawkins ABOUT THIS REPORT The genesis of this
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School Australian Chambers Business Congress June 2011 This presentation draws on ideas from Professor
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School Australian Chambers Business Congress June 2011 This presentation draws on ideas from Professor
More informationThe Role of Business in Society: Creating Shared Value
The Role of Business in Society: Creating Shared Value Professor Michael E. Porter Harvard Business School Guayaquil, Ecuador Tuesday, October 25, 2011 This presentation draws on ideas from Professor Porter
More informationReflections on a Hypothesis: Lessons for Policy and Corporate Practice
Reflections on a Hypothesis: Lessons for Policy and Corporate Practice Professor Michael E. Porter Harvard Business School Landsberg Lecture Resources for the Future Washington, DC January 19, 2011 No
More information2.1 Shared value: Building a prosperous workforce and community
21 / 71 2.1 Shared value: Building a prosperous workforce and community #sharedvalue Many companies are recognising that their future success depends on supporting vibrant, healthy and economically resilient
More informationWorkshop no. 2 Clusters and the aspects of sustainable and social innovation. First presentation: Input to the concept of Shared Value
Workshop no. 2 Clusters and the aspects of sustainable and social innovation First presentation: Input to the concept of Shared Value by Prof. Dr. Peter Abplanalp Workshop no. 2 Clusters and the aspects
More informationShared Value in Extractives
Shared Value in Extractives Next-Gen CSR and Shared Value Forum Calgary, Alberta February 2014 Boston Geneva San Francisco Seattle Washington FSG.ORG The Extractives Sectors Present a Significant Opportunity
More informationCreating Shared Value: Redefining Capitalism and the Role of the Corporation in Society
Creating Shared Value: Redefining Capitalism and the Role of the Corporation in Society Professor Michael E. Porter Harvard Business School Unilever CEO Forum June 22, 2011 This presentation draws on ideas
More informationShared value Realising the potential of
pwc.com.au Realising the potential of business and communities What is shared? Many organisations in Australia have to date pursued a corporate social responsibility or sustainability agenda, focused on
More informationThe Role of Business in Society: Creating Shared Value
The Role of Business in Society: Creating Shared Value Professor Michael E. Porter Harvard Business School Chevron / ICIC California Partnerships Event San Francisco, CA November 20, 2012 The ideas drawn
More informationCORPORATE RESPONSE TO CONCEPT OF SHARED VALUE
CORPORATE RESPONSE TO CONCEPT OF SHARED VALUE Zuzana Kreckova, PhD Faculty of International Relations University of Economics, Prague, Czech Republic Abstract Recent decades show that pure profit-maximization
More informationSustainability as value driver. Henk de Bruin Royal Philips Electronics Senior Vice-President, Global Head of Sustainability
Sustainability as value driver Henk de Bruin Royal Philips Electronics Senior Vice-President, Global Head of Sustainability Content Introduction Strategic, business and innovation side of Sustainability
More informationCreating Shared Value: Redefining Capitalism and the Role of the Corporation in Society
Creating Shared Value: Redefining Capitalism and the Role of the Corporation in Society Professor Michael E. Porter Harvard Business School Mitsui-HBS Global Management Academy July 12, 2011 This presentation
More informationCollaborative Learning Series Rethinking and Reshaping Sustainable Sourcing
Collaborative Learning Series Rethinking and Reshaping Sustainable Sourcing Topic One: Creating Shared Value: Our first topic explores the principles of Creating Shared Value (CSV). We examined how CSV
More informationStrategic Positioning in a Challenging World: Creating Shared Value
Strategic Positioning in a Challenging World: Creating Shared Value Professor Michael E. Porter Harvard Business School World Lottery Summit Montreal, Canada September 10, 2012 This presentation draws
More informationFROM THE MARGINS > GLOBAL COMMENT. by JANE NELSON Director, Business Leadership and Strategy, The International Business Leaders Forum
> GLOBAL COMMENT FROM THE MARGINS by JANE NELSON Director, Business Leadership and Strategy, The International Business Leaders Forum 14 Global comment TO THE MAINSTREAM: Corporate social responsibility
More informationHEALTH PURCHASING VICTORIA STRATEGY. December 2017
HEALTH PURCHASING VICTORIA 2018-2022 STRATEGY December 2017 CONTENTS Contents... 2 Executive Summary... 3 Operating Environment... 5 HPV Vision and Values... 9 HPV Strategy 2018-2022: Framework... 10 HPV
More informationRegional Competitiveness and the Role of Business
Regional Competitiveness and the Role of Business Professor Michael E. Porter Harvard Business School Encuentro de Comisiones Regionales de Competitividad Bogotá, Colombia April 26, 2012 This presentation
More informationMillennials Inheritance Revisited by Alberto Bientinesi, FAO Volunteer
Millennials Inheritance Revisited by Alberto Bientinesi, FAO Volunteer September 2017 An uncomfortable inheritance Planetary boundaries and a decadelong crisis have replaced the after-war concept of infinite
More informationMaking the most of corporate social responsibility
1 DECEMBER 2009 Making the most of corporate social responsibility For companies that see CSR as an opportunity to strengthen the business, the big challenge is execution. Smart partnering can provide
More informationRethinking the Role of IT
White Paper Title Rethinking the Role of IT The Second Curve of Health IT Value Authors: Shawna Schueller, Carol Chouinard and Bob Schwyn Fueled by the Meaningful Use (MU) program, healthcare organizations
More informationThe New Competitive Advantage: Creating Shared Value
The New Competitive Advantage: Creating Shared Value Professor Michael E. Porter Harvard Business School HBS Lectures of a Lifetime - Speaker Series Harvard Business School March 24 th, 2016 This presentation
More informationSTATE OF THE ASIA-PACIFIC PHARMACEUTICAL INDUSTRY 2013: EXECUTIVE SUMMARY
STATE OF THE ASIA-PACIFIC PHARMACEUTICAL INDUSTRY 2013: EXECUTIVE SUMMARY State of the Asia-Pacific Pharmaceutical Industry The pharmaceutical industry in the Asia-Pacific region has recently been besieged
More informationSustainability and Internal Audit Innovating to add value 21 April 2016
www.pwc.com Sustainability and Internal Audit Innovating to add value www.pwc.com How Internal Audit can innovate to add value in an area that is becoming increasingly more significant in the eyes of its
More informationArtificial Intelligence in Life Sciences: The Formula for Pharma Success Across the Drug Lifecycle
Volume XX, Issue 60 Artificial Intelligence in Life Sciences: The Formula for Pharma Success Across the Drug Lifecycle Artificial intelligence (AI) has the potential to transform the pharmaceutical industry.
More informationBeginning a Business Sustainability Plan
Beginning a Business Sustainability Plan NYS Pollution Prevention Institute Anahita Williamson Director Michelle Butler Senior Engineer Trish Donohue Senior Engineer Sustainable Supply Chain & Technology,
More informationSTRATEGY AND IMPACT. MBA Programme Period 3/Period 5 (France) May-June Course Purpose. Learning Goals. Who Should Take This Course?
STRATEGY AND IMPACT MBA Programme Period 3/Period 5 (France) May-June 2018 Professor Jasjit Singh E-mail: jasjit.singh@insead.edu Website: http://faculty.insead.edu/jasjit-singh Assistant: Michele Plu
More informationFostering the Development of Green Exports Through VSS. Project headed by: United Nations Conference on Trade and Development (UNCTAD)
Fostering the Development of Green Exports Through VSS Project headed by: United Nations Conference on Trade and Development (UNCTAD) Introduction What do IKEA, McDonald s, Starbucks, H&M all have in common?
More informationCan the EU Directive on nonfinancial reporting give you a competitive advantage?
Can the EU Directive on nonfinancial reporting give you a competitive advantage? April campaign 2017 The better the question. The better the answer. The better the world works. Contents 1 2 Can the EU
More informationSt John Ambulance Australia SA Inc Annual Report 2011/12 Strategy
St John Ambulance Australia SA Inc Annual Report 2011/12 Strategy let me show you our strategy... Contents From the CEO 3 Executive summary 4 Key drivers 5 Key outcomes 6 2 From the CEO St John Ambulance
More informationEducation for Innovative Societies in the 21st century
Sunday, 16 July, 2006 09:26 GMT 13:26 Moscow Local Time: 13:26 G8/2006 RUSSIA St.Petersburg, July 16, 2006 Education for Innovative Societies in the 21st century 1. Education is at the heart of human progress.
More informationINDUSTRIAL FIRMS MUST EMBED RISK BASED THINKING INTO THEIR OPERATIONS
Risk-based thinking is not a new concept for firms. The consideration of business risks has always formed a core component of executive team discussions and the approach and framework for understanding
More informationBrand Knowledge & Advocacy: Understanding the brand s essence, values and vision to build advocacy among stakeholders
Consumer Insight & Empathy: Developing an understanding of consumers behaviors and underlying motivation Brand Knowledge & Advocacy: Understanding the brand s essence, values and vision to build advocacy
More informationTOP TALENT: KEY COMPETENCIES OF TOMORROW S LEADERS
TOP TALENT: KEY COMPETENCIES OF TOMORROW S LEADERS MODERATOR Anita Hoffmann Managing Director Executiva, Ltd PANELIST Stephen Dwight Vice President, Talent Management Novo Nordisk Inc. @novonordisk PANELIST
More informationEnhancing performance through employee engagement the MacLeod Review
Enhancing performance through employee engagement the MacLeod Review Presentation to the CIPD Scottish Conference, 12 March 2010 Nita Clarke, Director IPA Vice-chair of the Review The MacLeod Review A
More informationHuman Resources and Organisational Development: Outcomes
1 Aston People 2020 - Human Resources Strategy Proactively supporting Aston s 2020 Vision Contents Background Page 4 Vision Page 4 Purpose Pages 4-5 Human Resources and Organisational Development: Outcomes
More informationThe Current Status of Corporate Social Responsibility Activities in Thailand: Evidence from Listed Companies in the Stock Exchange of Thailand
International Journal of Trade, Economics and Finance, Vol. 7, No. 4, August 206 The Current Status of Corporate Social Responsibility Activities in Thailand: Evidence from Listed Companies in the Stock
More informationGeographical Indications Towards a Sustainability Manifest Concept note for the inception Workshop - 4th of May 2017
Geographical Indications Towards a Sustainability Manifest Concept note for the inception Workshop - 4th of May 2017 Background In 2016, the Organization for an International Geographical Indications Network
More informationALSTOM SUSTAINABILITY MATERIALITY MATRIX. Methodology and main results
ALSTOM SUSTAINABILITY MATERIALITY MATRIX Methodology and main results 2016 Early 2016, Alstom reviewed the materiality of its sustainable development and Corporate Social Responsibility (CSR) issues based
More informationOperationalizing the SDGs in Extractive Industries: Private Sector Experiences and Opportunities
UN Sustainable Development Solutions Network s Thematic Network on Good Governance of Extractive and Land Resources Columbia Center on Sustainable Investment GIZ International Council on Mining and Metals
More informationSTRATEGIC PLAN CREATING FUTURES
STRATEGIC PLAN 2018-2021 CREATING FUTURES communicare.org.au MESSAGE FROM OUR CHIEF EXECUTIVE OFFICER I am pleased to present Communicare s 2018-2021 Strategic Plan. Our vision for the future is built
More informationVALUE CREATION, CAPTURE AND SHARING MODEL FOR FOOD COMPANIES, CHAINS AND NETWORKS (VCCS MODEL)
Marcos Fava Neves & Marcia Dutra de Barcellos Symposium honouring Klaus Grunert, AU, Arhus, 17th January 2013 VALUE CREATION, CAPTURE AND SHARING MODEL FOR FOOD COMPANIES, CHAINS AND NETWORKS (VCCS MODEL)
More informationPlummeting Oil and the Potential Partnerships for a Prosperous Community
Plummeting Oil and the Potential Partnerships for a Prosperous Community Lindsay Johnson June 2015 Introduction: Short-Term Financial Goals and their Shortcomings Money has overshadowed the potential profitability
More informationActive Role of the Occupational Safety and Health (OSH) Professional: An Integrated Approach to Sustainability
Active Role of the Occupational Safety and Health (OSH) Professional: An Integrated Approach to Sustainability Presented By: Renee Cowell, CSP Amerisafe Consulting & Safety Services May 18, 2017 Overview
More information2018 Q1 Investor Relations Presentation
2018 Q1 Investor Relations Presentation Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events
More informationEvidence-Based HR in Action
AN EXCERPT FROM: Evidence-Based HR in Action R-1427-08-CS Case Studies Trusted Insights for Business Worldwide For the complete report, visit: www.conference-board.org/ebhr The Conference Board Mission
More informationEnterprise Value Stream Mapping and Analysis
Enterprise Value Stream Mapping and Analysis Stakeholder Value Metrics! March 25, 2002! Presented By:! C. Hallam, J. Mize! MIT LAI! Research Sponsored (Jointly) By ! Customer Value
More informationHow Ohio s next governor can create opportunities for workers and businesses in a changing economy through a skills-based labor market
How Ohio s next governor can create opportunities for workers and businesses in a changing economy through a skills-based labor market CREATING OPPORTUNITIES FOR WORKERS AND BUSINESSES IN A CHANGING ECONOMY
More informationUnipart Verification Statement Unipart Group 2014 CR Report. Verification Objectives
Unipart Verification Statement Unipart Group 2014 CR Report Verification Objectives Conduct an independent internal verification of: - Unipart s 2014 report Corporate Responsibility the Unipart Way and
More informationHeadline Verdana Bold
Headline Verdana Bold Creating Shared Value in the Northern Cape Mining and Community Development Breakfast Workshop Shani Cronjé 19 October 2017 Why Shared Value? 1 2 Companies are widely perceived to
More informationCooperation with the Communities
Cooperation with the Communities In 1990, NEC established its "NEC Group Corporate Philosophy" in the belief that "NEC strives through "C&C" to help advance societies worldwide toward a deepened mutual
More informationCorporate Responsibility Policy
Generator & Switchgear Services Generator & Switchgear Services Policy For further information please contact: sales@burtonwoodgroup.com Burtonwood Generator & Switchgear Services Ltd Unit 2, St Michaels
More informationEdge Hill University People Strategy
Edge Hill University People Strategy 2013-2018 In Scientia Opportunitas Edge Hill University People Strategy 2013-2018 Contents 1. Executive Summary Page 3 2. Context Page 4 3. Strategic Priorities Page
More informationGoverning Body Geneva, March 2007 MNE FOR DECISION
INTERNATIONAL LABOUR OFFICE 298th Session Governing Body Geneva, March 2007 Subcommittee on Multinational Enterprises MNE FOR DECISION FOURTH ITEM ON THE AGENDA Report on the modalities of a programme
More informationThe Business Imperative for Shared Value
The Business Imperative for Shared Value Professor Michael E. Porter Harvard Business School Shared Value Executive Education for Becton Dickinson & Company Hamilton Park Conference Center June 24, 2013
More informationMusgrave Environmental & Social Accountability Policy. Working together to deliver sustainability
Musgrave Environmental & Social Accountability Policy Working together to deliver sustainability Musgrave Environmental & Social Accountability Policy Working together to deliver sustainability CEO S
More informationTest Maturity Assessment and Improvement Using TPI and Quality Blueprint. Performance driven. Quality assured.
Test Maturity Assessment and Improvement Using TPI and Quality Blueprint Performance driven. Quality assured. Testing the way we do it Benchmark, Blueprint, and Execute to Build a World-Class Test Organization
More informationFor Anti-Corruption PILOT PROGRAM RESULTS REPORT
For Anti-Corruption PILOT PROGRAM RESULTS REPORT FEBRUARY 2014 OVERVIEW In 2013 and 2014, 23 companies participated in CREATe Leading Practices for Anti-Corruption, our three-step service that is based
More informationFrom Practice to Profession
From Practice to Profession First Findings from a Study on the Nature and Process of Professionalization The ASAE Foundation study Practice to Profession: Current Status, Perceptions, and Future Pathways
More informationA bold, new organizational solution for building a more equitable, prosperous and sustainable region for all. Tawanna A.
A bold, new organizational solution for building a more equitable, prosperous and sustainable region for all. Tawanna A. Black Founder The Center for Economic Inclusion disrupts the status quo and capitalizes
More informationEuropa: Nuove coordinate economiche e sociali
Client Logotype Europa: Nuove coordinate economiche e sociali Prof.ssa Chiara Mio 16 Sept. 2013 Un-Sustainability: a told story Our production and consumption models are inconsistent with a finite world
More informationUnlocking the Power of Partnership. International Development Assistance Services (IDAS) KPMG INTERNATIONAL
Unlocking the Power of Partnership International Development Assistance Services (IDAS) KPMG INTERNATIONAL Unlocking the Power of Partnership AGENDA 1 A new framework for collaboration 2 Cross-sector partnerships
More informationNATIONAL CENTRE OF INDIGENOUS EXCELLENCE STRATEGIC PLAN
NATIONAL CENTRE OF INDIGENOUS EXCELLENCE STRATEGIC PLAN 2018-2020 National Centre of Indigenous Excellence is on the land of the Gadigal people of the Eora Nation. 180 George St Redfern NSW 2016 ncie.org.au
More informationKuwait Petroleum Corporation. K-LEAD Journey to the Corporate Academy
Kuwait Petroleum Corporation K-LEAD Journey to the Corporate Academy Japan Cooperation Center, Petroleum (JCCP) Human Resources Development for the future of Oil Industry Presented by: Husain Sanasiri
More informationBriefing Paper. 23 rd May 2018
Briefing Paper 23 rd May 2018 1 Briefing Paper: May 2018 People s Needs Defining Change Health Services Change Guide Introduction and Context The Irish health and social care system is prioritising person-centred
More informationCSR, A risky business - Risk Management and CSR
CSR, A risky business - Risk Management and CSR By Gladys Diffey current participant on the Warwick MBA by Distance Learning October 2007 Introduction Creative solutions to the World s problems Changed
More informationIMPROVE PERFORMANCE AND BETTER SERVE SOCIETY AND IMPROVE PERFORMANCE AND BETTER SERVE SOCIETY AND IMPROVE PERFORMANCE AND BETTER SERVE SO- CIETY AND
IMPROVE PERFORMANCE AND BETTER SERVE SOCIETY AND IMPROVE PERFORMANCE AND BETTER SERVE SOCIETY AND IMPROVE PERFORMANCE AND BETTER SERVE SO- CIETY AND IMPROVE PERFORMANCE AND BETTER SERVE SOCIETY AND IMPROVE
More informationMOBILIZING RESOURCES. A Unified Business Approach to Corporate Community Involvement. Thomas Knowlton, Vice President
MOBILIZING RESOURCES A Unified Business Approach to Corporate Community Involvement Thomas Knowlton, Vice President Housekeeping Q & A Can I ask questions during the webinar? Yes, use the panel on the
More informationHuman Resources Strategic Update. Presented by Stephen Trncak October 28, 2011
Human Resources Strategic Update Presented by Stephen Trncak October 28, 2011 Agenda Past and Future for the College The End Game (Elevating the Human and Organizational Capabilities and Capacity of the
More informationNASW-MA Strategic Plan January 2018 to December 2020 Updated 3/2/18
NASW-MA Strategic Plan January 2018 to December 2020 Updated 3/2/18 MISSION National Association of Social Workers Massachusetts Chapter is committed to advancing professional social work practice and
More informationWorld class foodservice food safety Brian A. Nummer, PhD.
World class foodservice food safety Brian A. Nummer, PhD. Scheduled for publication in Food Safety Magazine Jul/Aug. 2014 There are over 50 restaurant chains that have over 1 billion dollars in annual
More informationIMPACT HIRING: FRAMING LESSONS LEARNED FOR FIRST JOBS COMPACT EMPLOYERS. Niko Canner, Incandescent Abigail Carlton, The Rockefeller Foundation
IMPACT HIRING: FRAMING LESSONS LEARNED FOR FIRST JOBS COMPACT EMPLOYERS Niko Canner, Incandescent Abigail Carlton, The Rockefeller Foundation CONTENTS 1 EXECUTIVE SUMMARY 2 DEVELOPING AN IMPACT HIRING
More informationIMPACT HIRING: FRAMING LESSONS LEARNED FOR FIRST JOBS COMPACT EMPLOYERS. Niko Canner, Incandescent Abigail Carlton, The Rockefeller Foundation
IMPACT HIRING: FRAMING LESSONS LEARNED FOR FIRST JOBS COMPACT EMPLOYERS Niko Canner, Incandescent Abigail Carlton, The Rockefeller Foundation CONTENTS 1 EXECUTIVE SUMMARY 2 DEVELOPING AN IMPACT HIRING
More informationAdvancing Sustainability for Public Power. July 2017
Advancing Sustainability for Public Power July 2017 Advancing Sustainability for Public Power INTRODUCTION For leaders looking for an opportunity to position their utility for better financial performance
More informationOUR PEOPLE STRATEGY
OUR PEOPLE STRATEGY 2017-2020 Front cover inset image Daniel Overturf PEOPLE STRATEGY 3 INTRODUCTION The Historic Environment Scotland (HES) Corporate Plan sets out our ambition to be the lead Public Body
More informationSpeech Nancy McKinstry Annual General Meeting of Shareholders 2008 April 22, 2008 Okura Hotel Amsterdam
Speech Nancy McKinstry Annual General Meeting of Shareholders 2008 April 22, 2008 Okura Hotel Amsterdam Welcome and good morning. It is a pleasure to be here today to share our 2007 results and provide
More informationAssurance of Nestlé's Creating Shared Value Report
Assurance of Nestlé's Creating Shared Value Report Agenda Introductions The Purpose of Assurance Standards Reporting and assurance processes Guidance on Evidence Examples of Good and Bad Evidence Efficient
More informationONE DSM Code of Business Conduct
Code of Business Conduct Page 1 of 9 Our Mission 3 Our Core Value 3 The culture we want to build 4 The DSM : Three Dimensions 5 People: the human dimension 6 Planet: the environmental dimension 7 Profit:
More informationGUIDEBOOK ADAPTIVE INSIGHTS
GUIDEBOOK ADAPTIVE INSIGHTS December 2013 July 2013 Document NX THE BOTTOM LINE Although corporate performance management (CPM) solutions have been in the market for some time, a new set of vendors such
More informationHow California s next governor can create opportunities for workers and businesses in a changing economy through a skills-based labor market
How California s next governor can create opportunities for workers and businesses in a changing economy through a skills-based labor market CREATING OPPORTUNITIES FOR WORKERS AND BUSINESSES IN A CHANGING
More informationGlobal Responsibility 2013 Summary. Health Environment Sourcing Workplace Community
Global Responsibility 2013 Summary Health Environment Sourcing Workplace Community To our Stakeholders: At General Mills, one of our goals is to stand among the most socially responsible food companies
More informationTELECOM ITALIA GROUP. Corporate Shared Value Review 2015
TELECOM ITALIA GROUP Corporate Shared Value Review 2015 Telecom Italy a new model for Sustainability From Corporate Social Responsibility To Corporate Shared Value Telecom Italy, pioneer in the field of
More informationThe changing face of manufacturing. It s high-paying, it s competitive, and its labor needs are shifting. LaborWise TM
The changing face of manufacturing It s high-paying, it s competitive, and its labor needs are shifting LaborWise TM LaborWise is a workforcefocused analytics solution that identifies, quantifies, and
More informationDriving the sustainability agenda with you PwC Malaysia S&CC Capability Statement
www.pwc.com/my Driving the sustainability agenda with you PwC Malaysia S&CC Capability Statement March 2013 Sustainability is evolving, from managing risks, to capturing opportunities Most organisations
More information