“A major course correction will prevail under the new leadership of Barack Obama with sustainable development providing the foundation for hope, change and opportunity for our future generations,” according to Sam Taylor, Founder of Reputation Dynamics.
The reckless financial deregulation and fragmentation of our economic infrastructure has undermined Americans’ confidence and trust which has impacted ‘business as usual,’ role and sense of community - as we once knew it.
- A major part of the US recovery will be driven via a nationwide social, business and community rebuilding mobilization. Sustainable development and social responsibility will provide the basis for infrastructure redevelopment upon which to reinvigorate economic development and confidence.
- The financial crisis and resultant impact on reputation and business performance, is forcing companies to further embrace sustainable program development and integration throughout their organizations.
- While addressing climate change and environmental issues remain a priority, companies and individuals need to mitigate some fundamental global social and humanitarian issues – poverty, hunger and disease – in conjunction with Obama’s plans to retool the social contract with the poor, the uninsured and unemployed.
- Continue to redefine the case and impact for sustainable development among key stakeholders, ensuring the proper alignment and positioning of the value proposition in a fragmented economic environment.
- Enhance and leverage the increasingly more popular Web 2.0 tools and social networking platforms to enhance people connections, accountability and transparency.
Philanthropic Giving: It’s No Longer about Just Giving a Check
According to a recent LBG Research Institute survey, corporations’ anticipate no change or, in fact, an increase in charitable giving for 2009. Although 42% of corporations and 37% of corporate foundations surveyed say their charitable giving budgets will decrease in 2009, the Institute predicts that the overall decrease will be far less than the 12.1% drop in 2001 reported by Giving USA 2002.
In fact, 80 percent of corporations report that their giving will be more strategic next year, directed at causes in need, with greater impact and efficiency at work.
CAUSES FOR WHICH RESPONDENTS SAY THEY WILL INCREASE THEIR SUPPORT IN 2009
Environmental -- 24%
Basic Needs (food, clothing, shelter) -- 23%
Education/literacy -- 16%
Health -- 14%
Social Services -- 12%
Arts and Culture -- 4%
Conclusions for 2009:
- Step up to the New Rules of Reputation Management: Social innovation, sustainable development, trust and transparency are the new currency for tomorrow’s companies doing business.
- Evaluate and Measure Program Impact: Continue to assess current initiatives, stakeholder relationships and impact in the community. Use this platform to design and implement sustainable programs aligned with business objectives, as well as determine benchmarks for results measurement.
- Philanthropy is an Integral Part of Doing Business: CEOs and their companies need to continue to invest strongly in their communities, responding to the growing expectations of employees, customers and other stakeholders.
- Unleash the Power of NGOs for Greater Good: Align more aggressively with non-profit social actors – NGOs, (UN Agencies, development agencies). Companies have a timely opportunity to collaborate with some competent NGOs who are already in the trenches addressing key causes such as poverty, food and shelter.
- Stakeholder Mobilization and Impact: Continue to harness the power of key stakeholders and their opinions, embrace them in community mobilization, growing influence and power of social networking platforms.
To be sure, our economy and ongoing disturbing worldwide events are unnerving, but finding solutions to these problems will entail greater support, creative innovation, and collaboration from businesses, government, NGOs/non-profits, community and academia.
Under our new administration, never will our current generation be more challenged and yet can prevail in the face of adversity and respective individual contribution(s) to ensure the course direction that the Obama administration so urgently represents.
By Sam Taylor.
Source: LBG Research Institute
Posts
