Burke challenges the current thesis that companies "should" act
responsibly toward communities and societies. Instead, he shows
that changes in society "mandate" that companies must develop
strategies and programs that foster a reputation of trust in local
communities in order that they preserve their license to operate.
Burke describes strategies and programs of action that enable
companies to develop trust and thus maintain their license to
operate. He also describes ways to use philanthropy and volunteer
programs to achieve a competitive advantage.
The public environment in which companies operate has changed
significantly since the 1970s. Communities, in response to elected
officials and community groups, are demanding that companies
observe new norms of behavior. They expect companies to respect the
environment, respond to the concerns of the community residents,
and contribute to the support of community institutions. As Burke
illustrates, a company's community reputation also affects the
behavior of consumers and employees. Consumers prefer to buy
products from companies that are involved in the community.
Employees are attracted to companies that have a good community
reputation.
Just as successful companies need to be a supplier of choice, an
employer of choice, and an investor of choice, they now have to
become a neighbor of choice. They have to behave in ways that build
a legacy of trust in order to be positioned positively in the
community. As Burke shows, to be a neighbor of choice, a company
has to pursue three strategies: build sustainable and ongoing
relationships with key community individuals, groups, and
organizations; institute procedures that anticipate and respond to
community expectations, concerns, needs, and issues; and focus the
company's community programs on ways that promote and strengthen
the community's quality of life and which also support the business
goals of the company. The strategies developed by Burke will be of
great use to community and public affairs managers and general
managers of corporations as well as CEOs and other executive
officers. Students in courses on corporate strategy and general
management will find the book of value, as will students in courses
on non-profit management.
General
Imprint: |
Praeger Publishers Inc
|
Country of origin: |
United States |
Release date: |
February 1999 |
First published: |
February 1999 |
Authors: |
Edmund M. Burke
|
Dimensions: |
235 x 156 x 21mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
208 |
ISBN-13: |
978-1-56720-192-5 |
Categories: |
Books >
Business & Economics >
General
Promotions
|
LSN: |
1-56720-192-X |
Barcode: |
9781567201925 |
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