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Posts Tagged ‘Corporate Responsibility

Accenture to Spend $100 Million on Skills Training

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Is $100 million the new threshold for signaling you’re serious about making a difference? Recently, it was Facebook’s Mark Zuckerberg pledging that amount to the Newark school district. Now we learn that consulting giant Accenture will be spending 100 (very) big ones over the next three years on its Skills to Succeed program.

The goal of Accenture’s program seems pretty straightforward: the company wants to equip 250,000 people around the world with the “skills that enable them to participate in and contribute to the economy and society.” And to do it by 2015

A few examples of the type of work the Skills to Succeed program does—and will continue to do in order to meet its targets:

  • Building the skills of young entrepreneurs in Africa
  • Offering free skills training for the unemployed in Brazil
  • Training disadvantage young people in business process outsourcing and technology skills in India
  • Helping underprivileged students in the Philippines and Cambodia to develop IT skills
  • Training migrant groups in specialized technology skills in Spain
  • Helping disadvantaged young people to become entrepreneurs in the U.K.
  • Teaching business preparedness skills to students in community colleges and providing IT training for disadvantaged youth in the U.S.

In each of the endeavors, the company is working with partner organizations—some local and some international.

Now all we need are some jobs for that quarter-million people to fill!

Zappos: Rewriting the Book on Corporate Transparency

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Does your company have an HR handbook? Chances are, you’re thinking yes, of course. What about a culture book for employees? Zappos does.

The company, which started by selling shoes a decade ago, is today an Amazon subsidiary and has expanded to a multitude of merchandising. It is also probably one of very few companies to grow its brand around an idea of transparency, ethics and collaborative culture. For Tony Hsieh, cofounder and current CEO of Zappos, this was intentional from Day 1. In his recently released book Delivering Happiness: A Path to Profits, Passion, and Purpose—which I will be reviewing in the coming days on Vault’s CSR Blog: In Good Company—Hsieh devotes a whole chapter to the Zappos Culture Book.

In short, the book contains employee interpretations of what their company’s culture is all about and how it is different to other companies. And this is no mere PR exercise, designed to make the company look good: all of the entries received were inserted with minimal editing, even when they were anonymously submitted. Of course, Hsieh took a risk; no company is perfect and since culture is perceptional, the initiative could have resulted in a mudslinging session directed at Zappos management.

But it didn’t. While the majority of the entries were positive, not every employee was thrilled with the company’s culture—and that was reflected in the book. Hsieh, as promised, inserted both the criticism and the positive feedback when creating Zappos’ first Culture Book. His aim: To show existing and new employees what working there is all about, including the good, the bad and the ugly. In fact, much to his delight, the book has been downloaded by people who don’t even work at Zappos.

Zappos CEO Tony Hsieh blogs regularly as well as staying engaged with customers and employees via Twitter

The company produces a new Culture Book every year. For Hsieh it epitomizes the evolution of the company’s brand over its short existence. “We wanted to be as transparent as possible, so we decided that none of the entries would be censored or edited, except for typos. Every edition of our culture book includes both the good and the bad so that people reading the book can get a real sense of what our culture is like. With each edition, it would also be a way of documenting how our culture was evolving over time.”

The idea of a culture book isn’t unique; it is Zappos’ treatment of transparency and accountability as a priority that makes this worth noting. Most companies conduct some form of employee survey to gauge problem points and get feedback on what’s working. However, publishing it without censorship in a publicly available document is what makes Hsieh’s approach sustainable. Even if it isn’t popular in every C-suite.

As a manager, how open are you to engaging your team in positive criticism? With new generations stepping into the workforce every year, ideas are bound to constantly evolve, but are management styles redefining and realigning accordingly? Whether you call it corporate responsibility, sustainability, or something else entirely, it doesn’t need highly designed websites and ad campaigns to work. It can start small: like spearheading a collaborative and transparent workplace culture. But it has to start from the top.

Hsieh puts it succinctly, “Even today, our belief is that our Brand, our Culture, and our Pipeline are the only competitive advantages that we will have in the long run. Everything else can and will eventually be copied.”

Join the discussion by leaving a comment, emailing Vault or connecting with us @VaultCSR.

Driven by Innovation: Corporate Culture & Responsibility

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Joel Makower at the 2010 World Innovation Forum

Photo courtesy: PhotographybyDov.com

What themes do you expect to emerge when you gather a bunch of leading businesspeople and experts on innovation and organizational change, and have them present their thoughts in a two-day conference in New York City?

Bonus point if you guessed innovation as a theme, but only because I haven’t yet revealed the name of the conference: The World Innovation Forum. As such, presenters were long on how cultures of innovation can be fostered and nurtured within companies, and very specific in underlining the point that companies that fail to innovate today will fail to thrive in coming years.

Up until the second day of the conference, most of the talk around innovation concerned the how of the subject. If the why was mentioned at all, it was usually couched in terms of general benefit: it’s good for your company’s bottom line; it’s good for your career; it’ll help you keep up with—or stay ahead of—your competitors.

Towards the middle of the second and final day, however, the tone shifted markedly, with three consecutive speakers laying out one of the biggest challenges requiring innovation today, and making it strikingly clear what was at stake. The challenge: sustainability and corporate responsibility. Tackling it were green expert Joel Makower, Seventh Generation founder and CEO Jeffrey Hollender, and Xerox CEO Ursula Burns.

The middle speaker of the three, it was Makower who really summed up the position we’re at in terms of the progression the green concept has made in the corporate world. Companies are at the stage where green practices are creating value for them, he said, having passed through two prior phases: the phase of “first do no harm,” where companies simply sought to not cause problems; and the phase of “doing well by doing good,” where corporate responsibility was seen as something nice to attain, but more of a luxury than a means of generating revenue.

Despite speaking before Makower, Ursula Burns proved his key point by demonstrating that Xerox is creating value from green. Her definition of innovating towards a sustainable future is to “take something that’s needed […] and innovate it to use less than in the past.” While that may seem like a strange message from the leader of a company that essentially thrives on consumables—and particularly on usage of paper—Burns stressed that companies cannot afford to ignore what the marketplace is demanding. Accordingly, the company has developed a paper that erases itself so it can be reused, and has invested heavily in solid ink technology, which Xerox’s website claims produces 90 percent less waste than a typical color laser product.

Jeffrey Hollender’s presentation also centered on the idea of reducing waste—a concept that is at the heart of his company and his recent book, The Responsibility Revolution. Expressing his frustration at not being able to reduce Seventh Generation’s footprint more than he has—while better than many, he said the company “is not what I would call good”—he came back to the idea that culture sets the tone for what companies can achieve. Pointing to the recent travails of Goldman Sachs and BP, he suggested that those companies’ problems are at heart to do with culture: “sustainability and green is about company culture,” he said, with a crucial component of that culture being a willingness by executives to listen to their employees and consumers—something that he felt was likely lacking in the cultures at Goldman and BP.

All told, while each of the three speakers covered slightly different ground, the common message in what they had to say suggests that the future of business could be one in which the most successful companies are the ones that manage to create products that fulfil the needs of a changing, more eco-conscious marketplace.

Or, as Hollender suggested “we won’t have businesses that begin to meet the challenges of the society that we live in” until sustainability and CSR is embedded at the heart of corporate strategy, and drives all of the decision making.

What Does Corporate Responsibility Really Involve?

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Dazed with all the information flying around on Corporate Social Responsibility? Wondering what the difference is between corporate responsibility and sustainability? In an interview with NPR affiliate WICN/90.5 FM, I attempt breaking it down. Some of the questions I answer:

–What is the CSR movement, and why and where is it growing?

–What is the difference between sustainable and unsustainable capitalism?

–Are typical Americans (individuals and businesses) ready, willing and able to make this sort shift?

–Which large, corporate businesses (e.g. Target) are doing a pretty good job at social responsibility?

–Which large, corporate businesses (e.g. Wal-Mart) need to do a much better job social responsibility?

–How do you get a large, corporate business to change its attitude regarding social responsibility?

–How do you get retail and business-to-business customers to change their attitude regarding social responsibility?

Listen to the complete interview on WICN.org. And continue sending in your question and comments. Is your company continuing to willfully ignore stakeholder demands for accountability? Or do you work for a company that respects its employees and acts like a responsible corporate citizenship? Write in or connect with me on Twitter @VaultCSR.

–Posted by Aman Singh, In Good Company