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Buried Treasure - Discovering and Implementing the Value of Corporate Social Responsibility (Paperback, New)
Loot Price: R1,032
Discovery Miles 10 320
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Buried Treasure - Discovering and Implementing the Value of Corporate Social Responsibility (Paperback, New)
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With business under unprecedented pressure from a range of
stakeholders to engage in corporate social responsibility (CSR),
those working in dirty industries, developing countries and the
extractive sector are finding themselves exposed to great strategic
risks. Many of these companies are endeavouring to practise CSR and
sustainability, but lack the knowledge to do so convincingly. Much
of what has been published to date tells companies they must "do"
CSR, without explaining how best to implement CSR-related policies
and why this is very much in the corporate interest. Buried
Treasure sets out in a series of case studies from different
industries around the world a clear demonstration of how it is
possible to create "shared value" for companies, communities and
other stakeholders by putting CSR at the core of the business
model. In implementing CSR, companies need to look beyond
philanthropy, delving deeper to find the "buried treasure" of
shared value creation. This is much more than finding the simple
"win-win" solutions. It is about companies engaging seriously in
the challenges they face in their operations and finding
competitive advantage from working with stakeholders to solve these
common problems. This is not easy - but where companies have done
it well they have found new corporate opportunities and enhanced
brand value. Buried Treasure presents a series of steps, each
accompanied by an in-depth case study, to demonstrate how different
companies have managed to uncover the value of CSR. They include:
Anglo-American's "Zimele" programme of enterprise development in
its coal and platinum mining areas in South Africa; Montana
Exploradora, showing how community co-monitoring of the environment
has helped build trust for a gold mine in Guatemala; Gildan, a
leading sportswear manufacturer, demonstrating how garment
manufacture in Honduras created meaningful local opportunities;
Scandic Hotels, which has used environmental stewardship and
"omtanke" to create comparative advantage in a competitive
industry; and Turner Broadcasting, using corporate core competences
in partnership with an NGO to leverage staff skills, enhancing
public perception and staff retention. This short and accessible
book will be an invaluable aid to managers and students searching
for clear proof of the advantages of corporate social
responsibility for business and its many stakeholders and for
guidance in how to action best-practice policies.
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