Not Just a Company, but a Neighbor
How General Electric’s Departure Impacts Nonprofit's in Connecticut
On January 13, 2016, General Electric, a multinational conglomerate and one of the largest Fortune 500 companies, announced that it will move its corporate headquarters from Fairfield, Connecticut to the South Boston Waterfront area of Boston, Massachusetts. While the move is laden with consequences for the future direction of the company, it also represents a significant loss for the citizens of southwestern Connecticut. One of the most substantial, and too-often overlooked, losses is the deleterious impact on the nonprofits and charities that rely on GE for support. In this expert interview, Robert Bird of the University of Connecticut School of Business discusses GE’s departure from the nonprofit perspective.
Lofty Goals Meet Financial Reality
The Power of Innovated Social-Business Partnerships— Bringing Safe Drinking Water to Bangladesh
Grameen Veolia Water (GVW) is a social business launched in 2008 by a Bangladeshi NGO and a French multinational company to provide safe water to poor and rural areas in a context of arsenic contamination in Bangladesh. The joint-venture has managed to implement access to safe water, but sales remained initially far below forecasts.
Participatory Corporate Social Responsibility with Public Policy Impact
The Case Study of the Holcim Foundation in Ecuador
While we tend to think of Corporate Social Responsibility (CSR) as something that is driven by company strategy, in Ecuador a diff erent dynamic has emerged in which the company and the community are engaged in a collaborative model of social impact creation. The case of Holcim Ecuador contributes to our understanding about CSR models using participatory approaches and CSR resulting in public policy change.
From Global to Local: IKEA Tries Corporate Social Responsibility in Its Own Backyard
But Is Sweden Ready for It?
Many consider Swedish furniture giant IKEA one of the global front-runners when it comes to corporate social responsibility. Historically, IKEA has focused its CSR efforts toward environmental and international development concerns on a global scale. This case shows how IKEA now also engages in CSR at a local level in Sweden via the recently established Kamprad Family Foundation. The foundation is situated in and operated from a small town in the province of Småland in central southern Sweden where IKEA was once founded and...
Unleashing the Power of Collective Corporate Philanthropy
How Chinese Entrepreneurs Are Forging a New Model of Philanthropy
China has witnessed a phenomenal growth since its adoption of the Opening and Reform policy in 1978. Along with broad trends in economic prosperity, one very visible manifestation of China’s rise is that many individual Chinese entrepreneurs have become accumulated significant wealth. For instance, while there were three billionaires in China in 2004, by 2016 the number had increased to 568.
Corporate Social Responsibility that Leads to Long-Term Results
The Freudenberg Model Case Study: Freudenberg, India Location: Nagapattinam, Tamilnadu
Freudenberg Group is a family-owned German company whose products include housewares and cleaning products, automobile parts, textiles, building materials, and telecommunications. The company is present in over 60 countries and off ers its service and products across a range of industries and verticals. Freudenberg has 2,700 associates (employees or contractors) in India at 30 locations.
A Major Eye Care Provider in India Uses CSR to Treat Impoverished Infants
And Build Its Brand Creating Lasting Patient Relationships
Narayana Nethralaya (NN) is one of the leading eye-care centers in India. Its mission statement reads “We are committed to providing the best service in eye care through continual improvements of our systems, processes, technology and through the employment of dedicated and competent professionals of a progressive mindset.”
Giving with Some Thought of Reward
How Firms Attract Media Attention to their Corporate Philanthropy
On the morning of August 23, 2005, Hurricane Katrina hit the coast of southeast Louisiana and southwest Mississippi. Within hours, the force of the hurricane and the storm surge it generated catastrophically fractured the levee system in and around the city of New Orleans, flooding about 80% of the city.