Abstract
Listen to Hector Ruiz, Chairman and CEO of AMD, pose a fundamental choice to fellow business leaders at the Detroit Economic Club in March 2007: We’ve all heard the terms; we all know what they mean for our businesses: The Internet; globalization, the spread of democracy; the rule of law and science-driven technologies. These forces have combined to allow businesses, and their products and services to have a deeper impact on society than at any other time in our history. And the evidence suggests our influence will only strengthen. With every innovation in manufacturing and packaging, we extend the reach of our products around the world. With every gain in productivity, we make our goods and services cheaper and more accessible. With every advance in technology, we empower more people to participate in the global economy and lead healthier and wealthier lives. Yet, across the world it is a hotly debated question on whether this growing influence of business on people’s lives is healthy. While I respect this concern, I believe it is the wrong question to ask. The power of its influence, like the power of technology or the power of wealth, is at its core neutral in its effects. It is only how that influence is applied that makes it positive or negative. So as business leaders, with such great influence at our disposal, we have a choice.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
For listen to Hector Ruiz, “The 21st Century CEO,” Detroit Economic Club (February 20. 2007), online at www.bcccc.net.
See Alex Taylor III, “America’s Best Car Company,” Fortune Magazine (March 7 2007).
See Marc Gunther, “10 Green Giants,” Fortune (March 16, 2007), online money.cnn .com/magazines/fortune.
For Its global competitor, see “The Nestlé Water Management Report” (March, 2007), online at www.water.nestle.com.
C. K. Prahalad, “The Innovation Sandbox,” Strategy + Business (Autumn 2006); also see Jeb Brugman and C. K. Prahalad, “Co-creating Business’s New Social Compact” Harvard Business Review (February, 2007).
See Capitalism at the Crossroad; also see Stuart L. Hart and Ted London,“Developing Native Capability: What multinational corporations can learn from the base of the pyramid,” Stanford Social Innovation Review (Summer, 2005).
Goldman Sachs featured in Christopher Wright, “For Goldman Sachs, Long-Term Greed Means Going Green,” Ecosystem Marketplace (January 23, 2007). http://ecosystemmarketplace.com/pages/.
For the latest on genetically modified crops and foods go to http://www.monsanto.com/biotech-gmo/ and critics at http://www.gmwatch.org/.
For “philanthropreneurs,” see Stephanie Strom,“What’s Wrong with Profit?” The New York Times (November 13, 2006), online at http://www.nytimes.com/2006/11/13/ us/.
See American National Election Studies, Trust in Government Index, 1958–2004, online at http://www.electionstudies.org/nesguide/graphs/g5a_5_1.htm.
For nonprofit employment in the United States, see Independent Sector,“Employment in the Nonprofit Sector” (May 25, 2004), online at www.independentsector.org.
For the growth in the number and scale of NGOs, see The 21st Century NGO: In the Market for Change (London: Sustainability, 2003); on trust, see Richard Edelman, “Rebuilding Trust through Accountability and Responsibility” (Ethical Corporation Conference, 2002); GlobeScan, Corporate Social Responsibility Monitor (2006).
Allen L. White, “Is It Time to Rewrite the Social Contract?” (San Francisco: BSR, 2007) online at bsr.org.
Fleishman-Hillard/National Consumer League. Rethinking Corporate Social Responsibility. (May, 2007) online at www.fleishman.com.
See data in “Tomorrow’s Value” (London: Sustainability, UNEP, Standard and Poors, November, 2006); also “Influencing Power: Reviewing the Conduct and Content of Corporate Lobbying” (London: Sustainability and WWF, July, 2005).
See Zadek, “The Path to Corporate Responsibility” (2004); see also Srilatha Batliwawa and L. David Brown, Transnational Civil Society (Bloomfield, CT: Kumarian Press, 2006).
See David Korten, When Corporations Rule the World (New York: Earthscan, 1995); and David Henderson, Misguided Virtue: False Notions of Corporate Social Responsibility (London: Institute of Economic Affairs, 2002).
On Circuit City see Harold Meyerson, “A Dream Short Circuited,” Washington Post (April 11, 2007); also, on Wal-Mart versus Costco see Wayne F. Cascio, “The High Price of Low Wages,” Harvard Business Review (December, 2006).
Sumantra Ghoshal, “Bad Management Theories Are Destroying Good Management Practices,” Academy of Management Learning & Education 4, no. 1 (2005): 75–91.
Copyright information
© 2007 Bradley K. Googins, Philip H. Mirvis, and Steven A. Rochlin
About this chapter
Cite this chapter
Googins, B.K., Mirvis, P.H., Rochlin, S.A. (2007). Conclusion Can Business Step Up?. In: Beyond Good Company. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230609983_14
Download citation
DOI: https://doi.org/10.1057/9780230609983_14
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-54010-5
Online ISBN: 978-0-230-60998-3
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)