Building Sustainable Global Value Chains
As companies around the world strive to create sustainable value chains, they are paying increased attention to the operations and management practices of their suppliers, distributors, and partners. A recent joint research project of the American Society for Quality, the Corporate Responsibility Officers Association, and the Institute for Supply Management with Deloitte Consulting LLP took a closer look at what improves the effectiveness of sustainable value chains. The project gathered almost 1,000 responses from sustainable supply chain executives.
The responses measured how much a given management practice can increase an organization’s sustainable value chain effectiveness, as compared to respondents not adopting the practice. Not surprisingly, among the top 10 such management practices, the top five have to do with engagement, organizational culture, and incentives (percentages represent an increase in sustainable value chain effectiveness):
2012 Global Corporate Citizenship Conference
The U.S. Chamber of Commerce is hosting a corporate citizenship conference on October 10 and 11, 2012, in Washington, DC. The conference, sponsored by the Chamber’s Business Civic Leadership Center, will feature briefings on international development trends, regional development assessments, and U.S. government and multilateral initiatives and will provide many opportunities for companies, organizations, and individuals to network, share, and learn.
Moving beyond CSR: Oil Companies and Economic Development
How can multinational companies have a positive impact on developing countries? While the private sector’s traditional view has been similar to Milton Friedman’s argument that businesses do enough by providing goods and services to society, some companies are recognizing that they can increase their profits by engaging in development-focused business practices and investments. In particular, integrating local small and medium sized enterprises (SMEs) into corporate supply chains has both lasting economic growth impacts for developing nations and commercial benefits for corporations.
The power of purpose
What are some of the key reasons why employees choose a particular company and what determines how long they stay? There are some obvious answers like compensation, benefits, growth opportunities, or flexible schedule. But another factor is becoming more and more prominent: purpose. According to a new report by global brand consultancy Calling Brands, corporate [...]
Lessons from Goldman Sachs
Two weeks ago Greg Smith’s public resignation from Goldman Sachs via an op-ed in the New York Times went viral, sparking controversy over how Goldman Sachs does business. In the op-ed, Smith named a toxic business environment as the primary reason for his departure. Whether deserved or not, Smith’s criticism of his former employer and the international reaction to Smith’s op-ed revealed two important truths for the international business community.
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The CIPE Development Blog provides coverage of CIPE and its partner network at work -- highlighting successes, drawing out lessons from failure, and exploring the broader issues of political and economic development. For more information visit the CIPE homepage.
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