We’ve talked a lot about social responsibility in class and on this blog! Businesses, small and large, often care about more than just “profit” and although Kevin O’Leary may beg to differ – watch the Ten Tree Apparel episode on Dragon’s Den – the “People, Planet, Profit” model can be a very successful one.
In class we discuss several concepts and ways businesses can be “socially responsible.” This list is not all inclusive, but many examples we discuss include…
- Environmentally friendly
- Workplace diversity
- Employee safety and wellness
- Philanthropy – “giving back”
- Fair trade
To tie in some great examples right here in Columbus, check out an edition of Columbus CEO’s GIVING magazine, an issue that usually comes out towards the end of the year, for example, their 2018 issue –> GIVING, A guide to philanthropy 2018. They highlight many local executives as well as businesses, some non-profit and some “for-profit, for a cause” including The James, Hot Chicken Takeover, OhioHealth & JP Morgan Chase & Co.
Also, check out the infographic below that was shared with us by Norwich University in an article titled A New Era of Corporate Social Responsibility (CSR). Well known companies that top the CSR list include Google & Walt Disney, companies our students always enjoy researching!
Hopefully our students and future business leaders/entrepreneurs will take some notes and do BIG things when they are running companies someday!