A meta-analysis of 200 surveys over 20 years finds that CSR is often embraced as a “halo” strategy.
For two decades now, the question of why companies practice corporate social responsibility (CSR) has gripped practitioners, policy makers, and academics alike. Strong interest in this question has been driven by the increasing engagement of companies worldwide in all manner of CSR activities, from reducing
In this week's blog post, we're sharing insights based on our latest interview with Jim Wetekamp, the CEO of Riskonnect, a global leader in integrated risk management technology. Their platform consolidates data, connects risks, and illustrates their relationships with a growing list of unique risk management applications and risk-correlation engine to help customers understand risk at every level. This time, we are focusing on a timeless yet ever changing topic with latest developments and
Hello Global Risk Community member,
Many organizations use multiple business applications for maximum productivity. They use best-of-breed software to manage various aspects of their business, including finances, sales, and human resources.
While this approach offers many advantages, there are also potential risks.
When the same person has authority across these applications to create transactions, there is a possibility for fraud that may go undetected for months.
For example, a user can crea
If one of your New Year’s resolutions is to improve your time management skills, then Wharton management professor Michael Parke can help. He’s the co-author of a study that looks at two specific types of daily planning for employees. It turns out there’s no perfect solution — the best type depends on y
The roll out of the new C-Band 5G service by AT&T and Verizon scheduled for January 19, has raised alarms for major airline executives who have warned that it will create “catastrophic” interference with flight navigation systems and pilot safety during take off and landing. The risks will be greater during bad weather. Among the warnings are major disruptions in commerce and supply chain, the overriding of aircraf
According to TechSci Research report, “Optical Ceramics Market By Material Type, By Application, By End-User Industry, By Region, Competition Forecast & Opportunities, 2024”, the optical ceramics market is expected to grow at a CAGR of around 15% during the forecast period. The growth in the market can be attributed to rising adoption of optical ceramics across various industries on account of its durability, increasing defense expenditure on advanced technologies and materials and their adoptio
Six Sigma tools are indeed important tools for getting better project results. The same can be said for Project Management methods are important for getting better Six Sigma results.
Studying Project Management to the level required to earn certification from PMI is one approach, but takes years of time, for you and your company. Even if you have a good start on this, what will you do after that?
You still need to effectively lead your process improvement projects. But no process improvement proje
Think of choosing a career as a ladder. You have to climb the ladder gradually to get to the top. If you skip a few ladder rungs in a bid to reach to the top as quickly as you can, you risk falling to the ground. However, if you take the time and invest yourself in the process, you automatically increase your chances of making it to the top successfully.
Students, parents and career counsellors often make the mistake of being too focussed on the end result of the process of choosing a career. Th
According to a report released at TechSci Research, “3D Printing Filament Market by Material, By Type, By End Use, By Region, Competition, Forecast & Opportunities, 2024”, 3D printing filament market is projected to grow at a CAGR of 24.5%. during 2024 on account of increasing applications of 3D printing filament in numerous end-use industries and growing awareness about 3D printing technology. 3D printing filament market has been segmented as material, type, end use and region. Based on end-use
85% of insurance executives are deploying CX initiatives but most are struggling to see the true benefits. Simply adopting technology and analyzing data isn’t enough.
A fundamental culture shift and a mindset change to being a tech and data driven organization is the only way we will be able to meet the needs of our current and future customers.
Sign up for our free webinar – Foster the Insurance Culture that Unlocks Ultimate Transformation Value – Thursday 27th January, 11am EST
Our e
Majority of pharmaceutical companies are persisting with decade old processes and routines. They have transactional relationships with suppliers, lack of concerted efforts to progress ahead, and no vision to reap productivity rewards. The reasons for continuing with these traditional practices include tax regimes, regulatory hurdles, and stable revenues from customers dependent on existing industry offerings.
Disruption—spurred by technological Innovation, fluctuating customer demand patterns,
That notion is belied by Scotiabank (officially the Bank of Nova Scotia), which has pursued a results-oriented approach to artificial intelligence over the past two years. While some of its resources are devoted to exploring how new technologies — including blockchain
According to ChemAnalyst report, “Butyl Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Butyl Rubber market witnessed a demand of around 1.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 3.9% until 2030 owing to its surging demand from the Automotive sector.
Read Full Report Here: https://www.chemanalyst.com/indust
Editor's Note: If you are interested in becoming an expert on Post-merger Integration (PMI), take a look at Flevy's Post-merger Integration (PMI) Frameworks offering. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
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Mergers and Acquisitions (M&A) generally do not produce the ou
Source: MITSLOAN
MANAGEMENT REVIEW
Chief innovation officers must tackle not-invented-here syndrome, risk aversion,
and top-down cultures to successfully collaborate with deep-tech startups.
The flow of capital to deep-tech startups is rapidly becoming a torrent. From 2016 to 2020, annual investments in startups focused on commercializing emerging technologies such as biotechnology, robotics, and quantum computing grew in value from
Editor's Note: If you are interested in becoming an expert on Strategy Development, take a look at Flevy's Strategy Development Frameworks offering. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
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Rising competition and introduction of new ways of capturing large amounts of cus
Frontend technology has fast become the new frontier for banks seeking a competitive edge in their industry. Customers want better and quicker service, which is why banks and financial institutions are concentrating on fintech solutions to enable speedier service delivery. This topic frequently overlooks how game-changing it might be to focus on the organization's backend technological foundation. It has the potential to give a durable competitive advantage that gradually widens the gap between
Experiential marketing that uses new technology can help brands overcome the
digital divide to connect with customers in a more personal way.
After months of repetition, rituals become deeply ingrained — which is why the sweeping changes in consumer behavior that have taken root during the pandemic are likely to last well into the future. In my work advising Fortune 500 companies, I call this COVID-stasis — a state of sus
Source: MITSLOAN
MANAGEMENT REVIEW
Making strategy behind closed doors is a prescription for failure when disruptions
are coming from all directions.
Formulating and executing sound organizational strategy is difficult work. Strategy is often made by elite teams and thus can be limited by their biases about competitors, customer needs, and market forces. And it can be an uphil
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