Corporate Social Responsibility (CSR) has progressed from what some saw as a handy business trend to a necessary strategy for brands to ensure that they have longevity and growth in the marketplace.
How businesses engage with the community is important in a business environment where consumers and other businesses want to positively contribute rather than cause harm with their commercial choices.
Understanding what Corporate Responsibility means
The term corporate responsibility is one that may often be heard around your networks, but what does it really mean?
Let’s start with a broad definition from the International Chamber of Commerce:
For ICC, corporate responsibility is the commitment by companies to manage their activities in a responsible way. More broadly, Corporate Responsibility includes efforts by business to contribute to the society in which it operates.
This definition is a good place to start for any business about to create a corporate responsibility program, however there is a lot more to understand before you get started.
The changing community
The most compelling reason for CSR programs is community building. When we all work together to effect change and protect our environment, support the disadvantaged and move towards an equitable society we all benefit.
Business reasons for creating a CSR program
Of course there are also very solid business reasons for CSR programs that go beyond the moral and ethical and that are the natural benefits that your business can reap in a the ideal business environment.
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Lush Charity Pot
Learning new ways to feel good
The possibilities for your CSR program are endless. Being a responsible and caring business is the broad definition so from that you can create positive policies and strategies to get you started. Some of the things that you can consider during this process include:
Examples of CSR Programs:
Intel, US - http://www.intel.com/content/www/us/en/jobs/careers/veterans-military.html
Rubicon Bakery, US - http://www.rubiconbakery.com/images/Rubicon_People-heroes.pdf
Microsoft, US/ Global - http://www.microsoft.com/about/corporatecitizenship/citizenship/giving/programs/up/digitalliteracy/default.mspx
David Jones, ANZ - http://www.davidjones.com.au/Community-and-Environment/Environment
http://csr.cisco.com/casestudy/veterans-program
Burts Bee, US - http://www.burtsbees.com/Sustainability/sustain-landing,default,pg.html
Ben & Jerry’s, US - http://bjsocialresponsibility.weebly.com/
Consumers have changed. They want to participate in making our world better and generally want to engage with businesses that care about the world rather than those that blithely conduct business without caring how they affect their environment or the struggles that their consumers live with daily.
The voice of the people drives the call for change in society and with it the need for organizations to build sustainable Corporate Social Responsibility programs into their core work to be competitive.
The risk of ignoring this call is being ostracized by consumers, suppliers and the general public all of which could very well propel your business into negative growth. Customers engage quickly and easily online and want to deal with companies that care about the future of the planet and therefore their future.
Edged Out by the Competition
Business competition is fierce and margins are becoming smaller. Customers are getting turned off by companies that don’t care and are demonstrating their feelings by not purchasing goods and services from the offending organizations. This is why fairtrade and ethical organizations are showing strong growth in the current environment.
If your competition is socially responsible and you haven’t even started, before products are even considered by consumers competitors have a considerable edge over you when it comes to attracting and retaining loyal customers.
Social Media Suicide
Information travels very quickly through social media channels. People are very vocal about responsible companies but they are equally vocal about those doing nothing or worse, causing harm. Every business needs to not only be connected to their social media network, they need to pay careful attention to what is being said and take action before irreparable damage is incurred.
Peer to peer referral is a key method of attracting customers to your business and can quickly drive them away if there you have a record of bad labor practices, damage to the environment or other undesirable association.
There is even a boycotting app that encourages people to only deal with ethical companies.
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Buycott.com app iPhone screenshot
Top Talent Bypass
If you want to attract and retain top talent in your organization you must be able to offer more to prospective candidates. According to a report by Net Impact, working with companies that want contribute to the community is important for workers and a strong CSR program helps you attract the workers that you want.
The talent that you want working for you may just pass on your offer if your competitor has a strong environmental program or encourages staff to volunteer once a month.
Final Thoughts
Ignoring social responsibility is no longer an acceptable business practice. Whilst there are still many companies that are yet to get on board in a serious way, it is the leaders in CSR that are really demonstrating how big a difference that CSR can really make to the community.
India has now built compulsory CSR into their legislation in an historic move. How long will it be until over countries follow their lead?
ChangeU: For your independent study...
Ethical Consumer http://bit.ly/1nZZ8uB Net Impact and the Heldrich Center for Workforce Development at Rutgers University partnered to conduct a survey on the career priorities around sustainability and making a positive impact at work, or “impact jobs.”
Why Companies Can No Longer Afford to Ignore Their Social Responsibilities http://ti.me/1vRymFv Today, amid a lingering recession that has dented corporate profits and intensified pressure from shareholders, companies are devising new CSR models.
How the Voice of the People Is Driving Corporate Social Responsibility http://bit.ly/1BTgKcp The business case for corporate social responsibility (CSR) is becoming easier and easier to make. You can argue that it boosts a company’s brand, manages risk, and just plain saves money
Organizations of all kinds are finding that, with the fast changing work environment dominated by constantly evolving high tech solutions, their workers are having difficulty keeping up. Workers are running to keep up with technology changes and it is affecting productivity.
Some companies solve this issue by laying off workers and finding others with the desired skillset. This becomes very costly and demoralising for their workforce and is not a sustainable solution.
The more efficient option is to retrain workers to adapt to new technology to build a skilled and loyal workforce.
Investing in workers pays off
One of the best way to create a dedicated workforce is to invest in the people that you already employ. As the skills needed in your business transform alongside technology evolution make a plan to upskill your workers to ensure your business keeps pace.
Recruiting new employees is a costly process, both in time and money, and it interrupts productivity as they settle into their role. When you train workers that are already familiar with your systems, products and culture your business will experience an easier transition when adapting to new technology and equipment.
Employing to train
Another way of dealing with a skills shortage is to look at employing people with strong skill sets that may not exactly match what you need but indicate that the person is adaptable and able to be trained to undertake a particular role.
You may consider returned servicemen/servicewomen who have worked in specialised fields and look at how they can be trained to fit in your organisation. They are used to adapting quickly and efficiently and are a great asset to any business.
Young people that are enthusiastic and have skills but not experience, people with disabilities, older workers and even ex-felons are all groups that you can consider retraining to boost your business.
Keeping your business on track
Whilst it is almost impossible to predict where technology will lead us as we become increasingly connected it is worth looking at trends and planning for the future. Ongoing training for workers is a smart move for the forward thinking business.
Encourage workers to grow as your business does and support them in improving their weaker skills whilst developing new ones. When you need additional employees, consider retraining skilled individuals that just may be invaluable when it comes to growing your business in the long term.
ChangeU: For your independent study….
IBM Is Using An Unusual New Tactic To Retrain Its Employees Instead Of Laying Them Off - http://read.bi/1tCkwBN
Why Top Young Managers Are in a Nonstop Job Hunt - http://bit.ly/1pQuRPS
7 in 10 Employees Value Skills Training More than Degrees - http://bit.ly/14cIlLY
Workplace survey - http://bit.ly/1yyAEZz
Why Some Companies Retrain Workers, and Others Lay Them Off - http://whr.tn/1y2JHSi
How the 'Digital Skills Gap' Bleeds $1.3 Trillion a Year From US Businesses - http://entm.ag/1tZHszH
Developing a training plan for your employees - http://bit.ly/1sg3qdH
Mobile devices are being heralded as the fastest adopted technology ever and this is changing the way all businesses need to look at how they reach customers. Additionally, mobile sales are on a steep rise - eBay realized a 67% increase in mobile sales in the third quarter of 2014, which was 21% of total sales and equalled $14 billion - and unless you take steps to include mobile devices in your marketing plan, you risk losing potential opportunities.
Engage your customers ‘on the go’
According to Gartner, 2014 was the year for marketers to up their spending on mobile marketing strategies. In previous years the mobile devices market had been approached with caution because of the range of variables involved but with over 50% of Americans owning smartphones this lucrative market came sharply into focus.
You should consider targeting mobile devices because:
Mobile marketing tips
Final Thoughts
Including mobile marketing as part of your growth strategy is now a must. Any business that is not easily found and interacted with via mobile devices is in danger of losing a large chunk of their business to competitors that have embraced the mobile revolution.
Examples:
10 Amazing Retail Mobile Marketing Examples http://bit.ly/1BgUo9n
6 Great Examples of Mobile Marketing Campaigns http://bit.ly/1ECNZ5T
ChangeU: For your independent study ...
5 Trends Your Marketing Team Should Budget For In 2015 http://onforb.es/1AdGXUP
Gartner Survey Reveals Digital Marketing Budgets Will Increase By 10 Percent in 2014 http://gtnr.it/1Fhx4d2
The Mobile Revolution: How Mobile Technologies Drive a Trillion-Dollar Impact http://on.bcg.com/1ECOCMR
Various personality types and work style differences are naturally a part of any workplace but when you add in 12 different countries, 4 time zones and six different languages you know that you have a truly unique team that will inherit particular challenges.
At Change3 Enterprises we thrive on the diversity of our ‘delightful experts’, we know that the rich array of skills that our team contribute to our collective work adds to our ability to deliver unexpected solutions to our clientele.
Creating a ‘Dream Team’ Takes Work
The short answer to how we manage as a cultural, linguistic and personality diverse team is that we work at it each and every day. It does get easier as we learn how to navigate the biggest challenges that we face, however we always need to work consciously to ensure that we are not leaving anyone behind.
The key takeaways from our experience so far include:
How Do We Know?
One of the most powerful assets that any company has is its people. Recruiting is often a lengthy and expensive process and it is always recommended to focus on retention rather than attrition – where possible.
With this in mind we developed an online application process that helps us hire delightful experts that fit perfectly into our unique culture and environment. It also enabled us to get to know each other a lot better, which led to developing a thriving organizational culture. Read more about this subject in this blog post written by our CEO, Kneko Burney.
Because it has been so successful for us we now offer this service to you our clients. Please contact us for a chat about how we can help you get to know your team.
We Need Your Help
Does this sound like a team that you would like to work for? We are growing at an astounding rate and are looking for talented people to join us. Have a look at our vacancies here and if you can see yourself there please apply!
Change3 is a digital marketing and lead generation agency. We provide exceptional results to our clients by ‘delivering happiness daily’ using seasoned professionals in 12 countries. We don’t just produce materials for our clients, we help companies define how to talk to their target market and who they are talking to within the market.
We want to propel your company forward. Contact us and let’s create a great project together!
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