Business, ethics & society
High student loan debt has a lingering psychological effect and changes price sensitivity — and spending habits — those with much debt become numb to the prodigious numbers they face on the balance sheet and tend to spend even more. Here’s how regulatory changes can help them face the numbers and keep them from getting insurmountable.
These insights from Darden Ideas to Action articles unveil the value of ethical considerations from a variety of standpoints and in a variety of sectors. They contain lessons for business leaders, employees and consumers.
Equatorial Guinea struggled with malaria for years. The Bioko Island Malaria Elimination Project, a public-private partnership with a stakeholder perspective, has tackled the problem, leading to medical innovation, improved health of inhabitants and increased infrastructure and productivity.
Though agriculture is important to Nigerian economic activity and rice is a major food staple in Nigerian households, the domestic supply does not meet demand. The Value Chain Development Program public-private partnership is designed to improve the livelihoods of economically disadvantaged farmers.
In less than five years, Myanmar coffee went from a low-grade commodity to a high-value specialty sold for premium prices globally. Through training in farming, expertise and training itself — as well as attention to both the supply and demand sides of a market — Value Chains for Rural Development helped farmers and others across the value chain.
A group of prominent CEOs recently issued a statement encouraging business to create value for all stakeholders, not limited to investors. Ed Freeman and his colleagues have been working with Stakeholder Theory for decades. Here, Darden professors across disciplines offer examples of how businesses can (or already are) prioritizing stakeholders.
Confident people are seen as competent people. And people of higher social class tend to have more confidence than others — yet perceptions of their abilities tend to exceed their actual performance. Darden Professor Peter Belmi studies cycles of inequality and here explains what the phenomenon means for businesses and what to do to stop it.
Environmental conservation and economic development can both be sustainable — and are not mutually exclusive. The Andean bear is a symbol of the potential for the multiple wins of preserving land and growing incomes in Colombia, where Conservamos la Vida serves as an example of a public-private partnership improving the world.
Haiti is one of the lowest income nations worldwide. Though the government provides many public health care clinics, they’re under-resourced. One public-private partnership is working to deliver sustainable primary care to low-income families through a social enterprise model.
In an age in which the public is actively invested in the values of a company and reputations can change abruptly, corporate responsibility is both a moral and business imperative. Here, Darden experts offer insights on corporate social responsibility and the evolving relationship of business and society.