Philips: Philanthropy by design
Businessweek reports on Amsterdam-based Royal Philips Electronics’ efforts to transform itself from from a high-volume electronics maker into a design-led health, lifestyle, and technology company. Its core strategy: “social innovation”--developing culturally relevant solutions to critical social and environmental problems in emerging markets, in partnership with local nongovernmental organizations that can help facilitate their adoption. Among its first efforts in this space: A clean indoor wood-burning stove that reduces smoke inhalation and is easier to maintain than its traditional predecessor.
-----
media file is a repository of links to articles and research reports that shed light on the intersection between open media and global tribes, two phenomena that together are giving birth to a new kind of business: "social enterprise 2.0."
Hosted on Delicious, this repository is meant to be a resource for media professionals, marketers, and others interested in the impact of open media and social networks on global communications and business culture. You can search the media file database from this blog or directly on Delicious. We publish media file links as we discover them.
Please suggest links to include in the database, and please also send your comments on how to make this resource more useful for you.
more media file links for October 6, 2008:
The real value of intangibles
On the strategy+business site, business guru Denise Caruso questions why the contemporary corporation’s greatest source of value--its intellectual property, software investments, staff and managerial expertise, market research, advertising, business processes, organizational structures, and the like--show up on its books, not as real assets, but as potential liabilities and risk factors. The solution to this problem, Caruso writes, is to revise FASB rules to reflect the fact that intangible assets now account for up to 90 percent of a 21st century corporation’s market worth.
The faith-based corporation
Google employees joke that the search giant is a “faith-based initiative,” but they mean it. Google is at the head of a trend called “organizational sacralization,” described in a new research paper on the topic reviewed on the Knowledge@W.P. Carey site. The term refers to the adoption of social-purpose business strategies that galvanize an organization’s stakeholders around the idea that the enterprise is working for a greater good. These strategies can confer significant competitive advantage, the paper asserts, but they also run the risk of serious backlash if stakeholders determine that the organization has committed “sacrilege” by violating its own espoused ideals.
Want to be the next Google? Create enduring values
VentureBeat columnist Bernard Moon compares Google’s founding principles to those of Sony, launched almost fifty years earlier. According to Moon, both companies grounded themselves in a set of core social values that, through strong leadership, translated into tangible behavior and results.
Seventh Generation launches open media marketing campaign
ClickZ reports that green home products marketer Seventh Generation has launched an open media marketing campaign designed to reach parents concerned about product safety and the environment. The campaign is built around a microsite that provides information about Seventh Generation product ingredients and offers users a downloadable desktop and mobile widget that they can employ while shopping to look up health and environmental impact information about ingredients found commonly on consumer product labels. Third parties can add content to the widget’s database.
Agenda for a green recovery
The Center for American Progress announces a report with the Political Economy Research Institute, an economic think tank, entitled “Green Recovery.” In it, the authors advocate a $100 billion, two-year investment program in green technologies, generating 2 million private-sector jobs.
Money to grow on
What is an “investment”? For private foundations and nonprofit social enterprises, that question can get tricky. On Stanford Social Innovation Review, Bridgespan Group partner William Foster says that the nonprofit sector could benefit by adopting the for-profit sector’s attitude toward outside money--whatever its source--viewing it as “growth capital” that strengthens the enterprise’s capacity to sustainably increase impact.
Understanding social entrepreneurs
On the Skoll Foundation’s Social Edge site, author Paul Light posts several excerpts from his new book, “The Search for Social Entrepreneurship,” and related research. Light asks: Do social entrepreneurs really think differently from other high achievers? Are their ideas always radical? Can they create opportunities for change where none exist? Do their organizations have to be new?