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5 Convincing Benefits of Sustainable Business Practices

Strategy Driven

Modern-age consumers favor businesses that promote social and ethical values and support the marginalized. Thus, they are working towards making their apparel and accessories more sustainable. It can also provide resources for more research and development for implementing better sustainable business practices in the future.

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What Connects Coca-Cola, Lego, In-N-Out, Intuit, and Nike? Focus.

In the CEO Afterlife

Back in the ‘90s, LEGO had cluttered its corporate structure with the complexity that comes with acquiring a variety of businesses from apparel to theme parks. Intuit develops financial and tax preparation software for small business, accountants and the general public. By 2004, sales and profits were in double digit declines.

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Can Lean Manufacturing Put an End to Sweatshops?

Harvard Business Review

Producers in less-developed countries compete by keeping costs low. Over the last thirty years, the lean approach — developed by Japanese automakers — has permeated the manufacturing sector in developed countries, but is much less commonly used in the developing world. Locke of Brown University.

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It’s OK to Move Down (Yes, Down) the Value Chain

Harvard Business Review

defend against “attack from beneath” and maintain your reputation for ethical operations. It had focused on operational improvements inside the proverbial four walls of its factory — things like more efficiently heating and cooling the tomatoes and developing novel ways to pack the paste for shipment to customers.

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We Studied 38 Incidents of CEO Bad Behavior and Measured Their Consequences

Harvard Business Review

For example, if the CEO makes controversial public statements, has personal relations with an employee or contractor, or develops a reputation for being rude, overbearing, or verbally combative, the board must decide what merits investigation. It must also decide whether to address matters publicly or privately.

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In Defense of Responsible Offshoring and Outsourcing

Harvard Business Review

One of the traditional arguments against globalization is that multinationals offshore to emerging markets to avoid environmental, health and safety regulations in the developed world. Working Conditions. Worker Transition at Home.