I have come to understand and believe that, if we focus on the outcome or the product, without considering the process, we often create unintended consequences that contradict our intentions and undermine the outcome. By considering process, I refer to the way we do things and the impact of this on the stakeholders in our business, including employees, vendors, the communities where we work and the environment, to name a few.
Good Business International, Inc: Good-b CEO Monika Mitchell interviews Richard Crespin, the President of SharedXpertise, publishers of the Corporate Responsibility Magazine and organizers of the COMMIT!Forum. Richard also serves as Executive Director of the Corporate Responsibility Officers Association. Richard Crespin is a tireless advocate for global trade and corporate responsibility and a leader in helping business become a force for good in society.
The COMMIT!Forum is presented at the Javits Center in New York City, September 26 & 27, 2011: Good Business Makes a Difference!
The Clinton Global Initiative Annual Meeting, established in 2005 by President Bill Clinton, is the “premier global gathering for current and former heads of state, chief executives of corporations, philanthropists, thought leaders, prominent members of the media, and directors of nonprofit organizations.” DAY ONE Climate Change President Clinton and seven current world leaders discuss [...]
Hillary Clinton: Women’s Economic Champion! Attention Ladies: If you loved her before, this week you will love her even more. Hillary Clinton has become an outspoken ambassador for the economic advancement of women everywhere. This past week, speaking from Asia-Pacific Economic Cooporation (APEC) conference on women and the economy in San Francisco, Secretary of State and gender champion Clinton issued her call for economic investment in women entrepreneurs and women-owned companies.
Three Wall Street Legends Pete Peterson, Wilbur Ross and Ralph Schlosstein offer pearls of wisdom on life, money and markets! On the third anniversary of Lehman Brothers bankruptcy, Bloomberg Markets 50 Summit was an engine for innovative economic solutions as well as sage wisdom from long-term financial industry veterans.
One of the biggest issues for small-to-medium-sized businesses (SMBs) in economically challenging environments like the current one is difficulty accessing cash, credit and capital. An innovative electronic exchange, called The Receivables Exchange (TRE) offers a welcome lifeline through short-term funding auctions for SMBs waiting for payment on outstanding receivables.
What do man and mold have in common? According to Ray Dalio, billionaire CEO of one of the world’s largest hedge funds Bridgewater Associates, “Man has the intelligence of mold growing on an apple.” Of course this is relative to the complexity of the universe, but who’s counting….
Here is my wish for the New Year 2012 a few months early: Wall Street creates a transparent Brain Trust to solve socio-economic problems and make nonpartisan recommendations to the government. In other words, top minds in finance analyze the economic system from a “how to help society” platform. You may call it wishing on a star, but at the Bloomberg 50 Summit in midtown Manhattan this week, it seemed almost possible. More concrete workable solutions emanated from 45 minute panel discussions with financial industry giants at St. Bart’s Church on Park Avenue than in the past two years of official political debate.
China’s Undervalued Yuan: Red Herring, Not Currency Manipulation? Last week the President of the EU Chamber of Commerce in China, Davide Cucino, told reporters that Chinese officials informed them that the yuan will likely be made fully convertible by 2015. Full currency convertibility is one of the conditions the US and Europe requires China to meet before it can be part of the International Monetary Fund’s currency basket. And it will mean two important changes, among others, will take effect: the yuan will no longer be as reliant on the dollar as it is now, and it will be stronger
CEO and innovative entrepreneur Jeff Klein of Working for Good, a mission-based marketing company in San Rafael, California. Jeff has found the way to combine purpose, passion, and profits through cause marketing campaigns for client companies. He is a wonderful example of his own business model for how to make a living, while making a difference.
On September 20-22, members of the self-described global elite will gather at the Clinton Global Initiative. Members of the Global Impact Elite will be among this company. This member of the GIE may not be there (my invitation seems to have been lost in transit) but hereby puts in this call, in absentia, to the other members of the GIE to make specific commitments for future impact investments. This does not mean simply saying that you will consider GIIRS ratings as part of your future investment process (yes, we have our spies!). It means giving specific amounts for future certified impact investments. Like 10% of foundation endowment capital (as recommended by the Canadian Foundation Task Force), or 10% of previous year’s net income (before executive bonuses) for financial institutions. If this sounds like a high percentage, believe me that percentage-wise it is nothing compared to what this member of the GIE has invested to date.
At SOCAP, there were a number of expensive Wall St. suits combing the sights. Maybe they read the recent Forbes article on impact investing and headed west to learn more about this new trillion-dollar market. To my biased eyes, some of them looked a little like Draco Malfoy with tight faces that hinted at some kind of profound inner conflict: do I stay fixed to the path of Mom and Dad and the other Death Eaters or sit down to a hookah with Ronald Weasley?
I could of course be wrong; they may just have been dissatisfied with the vegan lunch offerings and hungering after medium rare steak.
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