Stakeholders don’t just respond to companies’ harmful practices — they respond to perceived harm. Darden Professor Andy Wicks examines how companies should respond to stakeholders’ responses. For example: Assembly Bill 5. Are Uber drivers employees or contractors? Stakeholders and the company disagree.
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.
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.
After several changes to its business model related to its service and fees (some more transparent than others), and a recent decision to automatically restore the subscriptions of customers who had previously opted out of the service, MoviePass has been under fire.
How we think about, and live out, the purpose of business matters a great deal — not just in businesses, but also in larger societal conversations about democracy, the environment, income inequality, the American Dream and creating the kinds of regulations necessary to manage our economy.
Here’s something that won’t surprise you. The public doesn’t trust Big Business. Or Medium Business. Or even Little Business for that matter — at least not as institutions.