Tuesday 24 March 2015

What Brings Us To The Increased Importance Of Corporate Social Responsibility?

Most of you reading this will agree that you are managing in times of turbulence and accelerating change.  Globalisation of markets, consumer preferences, supply chains and financial flows are a few reason for this crisis

Increasing intensity of global competition, rapid technological changes are transforming markets.  Present day information technology makes it possible to decentralize decision-making without losing 'control' and to introduce more flexible and less hierarchical structures.

A shift from an industrial economy to a knowledge and information - based economy. Human capital is replacing financial capital as the most important strategic resource. Traditional concepts of work, of jobs, and of motivation are being challenged.

Around the communities, Changing value systems are seen making impacts.  As the world business environment changes, so do the requirements for success and competitiveness. Because of the changes at work, building deeper and more strategic relationships with customers, suppliers, employees, communities and  partners can become central to competitiveness and even survival.

Building these relationships can form the foundation for a new, progressive and people-centered business.



No comments:

Post a Comment