Tag: social responsibility

With a personal affinity for change management borne out of transformative events in my life, I have witnessed its power to shape attitudes, behaviours, and thinking. In the fast-paced world of business, change management emerges as the transformative force that ignites the mind, heart, and soul of organisations.

While climate has dominated investor energy for environmental and social issues around the world until now, the ‘S for Social’ in ESG, which refers to a company’s impact on society, how it treats its staff, suppliers, customers as well as the communities in which it operates, is starting to garner more attention from investors. 

In 1970, Nobel Prize-winning American Economist Milton Friedman argued the following: “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”

Although many retailers have successfully implemented omnichannel services like same-day shipping, in-store pickup or home delivery, research shows that only a third of retail executives said this was a regular service, while 62% said it was just for the 2021 holiday season.

Facebook’s rebranding presents the globe with the opportunity to partake in a multisensory world where ideas, online currencies and products are exchanged in a democratic manner. Its presence could mean Africa’s economy will play catch-up to the rest of the world.

Last month, two reputable South African virtual asset service providers in South Africa made history by issuing first-of-its-kind proof of reserve reports, a move that will assist to combat fraud, protect crypto holders and industry stakeholders, and help cultivate credibility for the local cryptocurrency market.

There will be no sudden arrival of the cavalry to rescue us and that will affect the socio-economic change South Africa needs anytime soon. The only solution going forward is private/public co-operation and, as harsh as the statement might seem, it’s necessary.

We are pleased to present our 2021 Africa Private Equity Confidence Survey (PECS). This publication is centred around valuable insights into how fellow private equity (PE) practitioners view the African PE landscape, specifically their future expectations over the next 12 months.

While the importance of mental and physical wellbeing is widely acknowledged, recent events have driven the message home hard. The COVID-19 pandemic highlighted the link between wellness and productivity due to Working From Home (WFH).

Milton Friedman is one of my favourite people, but I must say I found his 'A Friedman doctrine - The Social Responsibility of Business Is To Increase It's Profits' a little disappointing. The title is not the problem. It is the points he makes and the logical leaps he takes.