Oh, and...
"But it’s a false dichotomy to separate business issues from social issues. Peter Drucker wrote: “One is responsible for one’s impacts, whether they are intended or not. This is the first rule. There is no doubt regarding management’s responsibility for the social impacts of its organization.” Even as a pure “business issue,” engagement with social problems is justified. The business community has learned over the past three decades that, sooner or later, a company’s track record on social issues will affect its business. Consumers will demand that Apple’s Chinese workers be treated fairly, that P&G’s post-consumer waste not end up in landfills, or that Tyson’s chickens be hormone free, well beyond what is required by regulation. Meanwhile, the world’s largest companies have begun to understand that their viability depends on a healthy world. As The New York Times reports, Coca-Cola and Nike have come to see climate change as a threat to their ability to source the materials they need cost-effectively and reliably. Business by now has a well-developed playbook for dealing with such sustainability issues.
It’s time to recognize that income inequality is a sustainability issue, too."
Christopher Meyer and Julia Kirby (Harvard Business review)
Grumpy
"But it’s a false dichotomy to separate business issues from social issues. Peter Drucker wrote: “One is responsible for one’s impacts, whether they are intended or not. This is the first rule. There is no doubt regarding management’s responsibility for the social impacts of its organization.” Even as a pure “business issue,” engagement with social problems is justified. The business community has learned over the past three decades that, sooner or later, a company’s track record on social issues will affect its business. Consumers will demand that Apple’s Chinese workers be treated fairly, that P&G’s post-consumer waste not end up in landfills, or that Tyson’s chickens be hormone free, well beyond what is required by regulation. Meanwhile, the world’s largest companies have begun to understand that their viability depends on a healthy world. As The New York Times reports, Coca-Cola and Nike have come to see climate change as a threat to their ability to source the materials they need cost-effectively and reliably. Business by now has a well-developed playbook for dealing with such sustainability issues.
It’s time to recognize that income inequality is a sustainability issue, too."
Christopher Meyer and Julia Kirby (Harvard Business review)
Grumpy