Friday, January 21, 2022

g-f(2)841 THE BIG PICTURE OF THE DIGITAL AGE (1/21/2022), MIT SMR, Why Companies Practice Corporate Social Responsibility




ULTRA-condensed knowledge


"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital Transformation, Corporate Social Responsibility (1/21/2022)  g-f(2)426 


Lessons learned, MIT SMR

EXCEPTIONAL “Full Pack Golden Knowledge Container”


A meta-analysis of 200 surveys over 20 years finds that CSR is often embraced as a “halo” strategy.


  • An army of researchers has toiled for two decades to survey companies’ CSR motivations because they provide valuable information: They tell us why companies practice CSR and can help us predict and influence company behavior. In the end, the surveys tell us that companies practice CSR mainly because they want to burnish their own images.
  • This motivation presents a lever of change. Companies’ intentions to use CSR to bolster their own images can be exploited to increase social welfare: Company images are potential targets for activists who want to punish CSR laggards.


Genioux knowledge fact condensed as an image




ABOUT THE AUTHORS



Shawn Pope works at Léonard de Vinci Pôle Universitaire, Research Center, and is an instructor at Stanford University. Alwyn Lim is associate professor of sociology at Singapore Management University.



Extra-condensed knowledge


Lessons learned, MIT SMR

Golden Knowledge (GK) juice


  • For two decades now, the question of why companies practice corporate social responsibility (CSR) has gripped practitioners, policy makers, and academics alike. Strong interest in this question has been driven by the increasing engagement of companies worldwide in all manner of CSR activities, from reducing carbon emissions to increasing the gender and racial diversity of boards of directors.
  • The breadth of almost 200 surveys that have queried business leaders in over 70 countries on their CSR motivations offers evidence of the high level of interest in this topic. Research has been conducted by nearly every blue-chip consultancy, including McKinsey, EY, BCG, PwC, KPMG, Deloitte, and Accenture, as well as by major political bodies, such as the United Nations, the European Commission, and the U.S. Chamber of Commerce.


Condensed knowledge




Learned lessons, MIT SMR

Golden Knowledge (GK) juice


  • Companies’ intentions to use CSR to bolster their own images can be exploited to increase social welfare: Company images are potential targets for activists who want to punish CSR laggards. Indeed, our findings suggest a converse dynamic: By creating satirical greenwashing awards and subverting companies’ own brand identities to name and shame them, for instance, concerned stakeholders can threaten companies with a range of negative outcomes, such as higher capital costs and a reduction in consumer purchases. By harnessing company motivations, stakeholders can gain the traction to further advance the CSR field.
  • What can be learned about companies’ CSR motivations from these high-profile surveys? Emerging from our recent meta-analysis is a picture of CSR as a halo strategy: By presenting themselves as true believers in CSR (saints), businesses seek to improve the overall corporate image (the halo) and expect broad benefits from diverse stakeholders to follow (the warm glow). 


Some relevant characteristics of this "genioux fact"

  • Category 2: The Big Picture of the Digital Age
  • [genioux fact deduced or extracted from MIT SMR]
  • This is a “genioux fact fast solution.”
  • Tag Opportunities those travelling at high speed on GKPath
  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
  • Type of validity of the "genioux fact". 

    • Inherited from sources + Supported by the knowledge of one or more experts.


References


“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)841, Fernando Machuca, January 21, 2022, blog.geniouxfacts.comgeniouxfacts.comGenioux.com Corporation.


ABOUT THE AUTHORS


PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.



Key “genioux facts”


  • Some relevant and recent "genioux facts" from the g-f golden knowledge pyramid to master the big picture of the digital age. 
    1. g-f(2)840 The New World (1/21/2022), Forbes, Artificial Intelligence: A Key Technology That's Shaping Our Tomorrow
    2. g-f(2)839 THE NEW WORLD (1/21/2022), WSJ, Explore the Top 250 Best-Managed Companies of 2021
    3. g-f(2)838 THE BIG PICTURE OF YOUR LIFE (1/20/2022), geniouxfacts, The Playbook for a Successful Personal Digital Transformation (PDT)
    4. g-f(2)837 Lighthouse of the big picture of the digital age (1/20/2022), Essential FACT 5: Becoming a fast and successful learner is a superpower
    5. g-f(2)836 THE BIG PICTURE OF THE DIGITAL AGE (1/19/2022), Media, More reactions to Microsoft's strategic move
    6. g-f(2)835 THE BIG PICTURE OF THE DIGITAL AGE (1/19/2022), The New York Times, Millions Have Lost a Step Into the Middle Class, Researchers Say
    7. g-f(2)834 THE NEW WORLD (1/19/2022), WSJ + Media, Microsoft’s Activision Blizzard Deal to Power Its Netflix-of-Gaming Aspirations
    8. g-f(2)833 THE BIG PICTURE OF THE DIGITAL AGE (1/19/2022), INSEAD Knowledge, What Distinguishes the Super Rich From the Rest of Us
    9. g-f(2)832 THE BIG PICTURE OF THE DIGITAL AGE (1/19/2022), HBR, How Digital Transformation Can Improve Hospitals’ Operational Decisions
    10. g-f(2)831 THE BIG PICTURE OF THE DIGITAL AGE (1/18/2022), Talks at Google, Dorie Clark | How to Be a Long Term Thinker in a Short Term World
    11. g-f(2)830 The New World (1/18/2022), TechXplore, Controlling complex systems with Artificial Intelligence
    12. g-f(2)829 The New World (1/18/2022), Forbes, 3 Ways That Artificial Intelligence (AI) Will Change Your Job Forever
    13. g-f(2)828 THE BIG PICTURE OF THE DIGITAL AGE (1/18/2022), HBR, When Lower Intensity Leads to Higher Results
    14. g-f(2)827 THE BIG PICTURE OF THE DIGITAL AGE (1/17/2022), HBR, Research: How Entrepreneurship Can Revitalize Local Communities
    15. g-f(2)826 The New World (1/17/2022), Bloomberg, France Gets its 25th Tech Unicorn, Reaching Macron’s Goal Early
    16. g-f(2)825 The New World (1/17/2022), Forbes, 14 Ways To Leverage AI To Better Connect With Customers
    17. g-f(2)824 The New World (1/17/2022), Venture Beat, How AI will drive the hybrid work environment
    18. g-f(2)823 The New World (1/17/2022), Forbes, How To Close More Deals With Artificial Intelligence
    19. g-f(2)822 THE BIG PICTURE OF THE DIGITAL AGE (1/16/2022), geniouxfacts, The 10 most read "genioux facts" of the month
    20. g-f(2)821 THE BIG PICTURE OF THE DIGITAL AGE (1/16/2022), geniouxfacts, The 10 most read "genioux facts" of the week
    21. g-f(2)820 The New World (1/15/2022), Venture Beat, How AI and language intelligence are helping employees learn
    22. g-f(2)819 The New World (1/15/2022), MIT SMR, Toxic Culture Is Driving the Great Resignation
    23. g-f(2)818 The New World (1/14/2022), Thomas M. Siebel, Digital Transformation: Survive and Thrive in an Era of Mass Extinction
    24. g-f(2)817 The New World (1/14/2022), HBR Analytical Services, Keys to Successful Innovation through Artificial Intelligence
    25. g-f(2)816 The New World (1/14/2022), HBR Analytic Services, AWS, AWS perspective: AI have the potential to transform nearly every industry
    26. g-f(2)815 The New World (1/14/2022), WEF, Artificial intelligence: What the C-suite needs to know
    27. g-f(2)814 The New World (1/14/2022), Analytics Insight, 10 WAYS ARTIFICIAL INTELLIGENCE WILL CHANGE THE WORLD IN 2022
    28. g-f(2)813 The New World News (1/13/2022), WSJ, These TikTok Stars Made More Money Than Many of America’s Top CEOs
    29. g-f(2)812 The New World (1/13/2022), Brookings, How countries are leveraging computing power to achieve their national artificial intelligence strategies
    30. g-f(2)811 The New World (1/13/2022), Bloomberg, TSMC to Spend at Least $40 Billion to Address Chip Shortages
    31. g-f(2)810 THE BIG PICTURE OF THE DIGITAL AGE (1/12/2022), Talks at Google, Bruce Hood | How Minds are Constructed
    32. g-f(2)809 THE NEW WORLD (1/12/2022), geniouxfacts, 10 juices of ultra-condensed GK to keep pace
    33. g-f(2)808 THE BIG PICTURE OF THE DIGITAL AGE (1/12/2022), MIT SMR + BCG, AI in the Supply Chain: Cold Chain Technologies’ Ranjeet Banerjee
    34. g-f(2)807 THE NEW WORLD (1/11/2022), HBR, Finding Success Starts with Finding Your Purpose
    35. g-f(2)806 The New World (1/11/2022), HBR, HBR’s Most-Read Research Articles of 2021
    36. g-f(2)805 The New World (1/11/2022), msn money, The National, Artificial intelligence to influence top tech trends in major way in next five years
    37. g-f(2)804 The New World (1/11/2022), MIT SMR, Six Ways Leaders Can Adapt to the Workplace of 2022

Featured "genioux fact"

g-f(2)778 Lighthouse of the big picture of the digital age (1/1/2022), Essential FACT 4: In the New World, the game is transformation

ULTRA-condensed knowledge "g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age ,  Lighthouse of th...

Popular genioux facts, Last 30 days