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Why and How to Be a B Corp or Benefit Corporation
The purpose of a business consists of setting a concrete goal that has a social, ethical, or cultural meaning for society in general, that goes beyond financial performance. B Corporations and Benefit Companies are businesses that attempt to combine financial success with the protection of the environment or all of their stakeholders. Born in the United States, these companies are also spreading widely ...
The 2030 Agenda: An Appointment that Regards Us All
The 2030 Agenda represents a great opportunity for transformation starting from the principle of "sustainable development." It is the occasion to review the economic model we have used over the last 40 years and move on to a more advanced form of capitalism, that respects both the environment and social and intergenerational justice. Redefining the value chains of all production sectors in sustainable ...
When a Trademark Transforms the Value Chain
Those who work as CEOs today deal with sustainability every day, in every decision they make and every action they carry out: from the management of factories to innovation, from human resources to communication. Each company should be based on a single purpose, given by the integration of its own purpose and a social purpose. This integration between economic and social mission defines a clear model ...
The Centrality of Corporate Governance
To obtain the "sustainable success" that by now represents the principle of reference of the new corporate governance code for listed companies, large enterprises and SMEs must initiate a true process of change able to involve business, governance, and corporate strategy. The growing pressure from ESG investors, the size of companies, and the presence of independent board members are key elements ...
(Ir)responsible Businesses
During the course of recent years, a view has taken hold that has gradually shifted the attention of businesses from shareholders to stakeholders, both inside of companies (workers) and outside as well (civil society). Businesses have taken on additional responsibilities and aims with respect to purely financial goals, extending their range of action to activities directly or indirectly linked to ...
Italy-China Cooperation: Analysis of a Case of Stakeholder Management
Starting in 2015, in order to seize the opportunities coming from the international markets, grow in size, and achieve economies of scale, the management and shareholders of Pirelli decided that it was possible to allow the Chinese giant ChemChina to acquire a significant stake and exercise influence over the company's decisions.#The ChemChina-Pirelli case could represent a true benchmark for other ...
Value Strategies and Cost Deductibility for Intragroup Services
The internationalization of activities is one of the most effective strategies able to generate value for business. Multinational enterprises are able to do so exploiting economies of scale, economies of scope, and geographic diversification, in order to reach the best performance along three key determinants of value: current efficiency, risk management, and innovation and learning. The intersection ...
New Bureaucracy? Make Way for Youth
Policies blocking turnover have caused a resizing and aging of the Italian public administration, raising the need to rejuvenate and upgrade the bureaucratic machine. To that end, it is essential to invest in processes of attraction and selection of young talent, competing in the labor market with private businesses. International experiences show the effective introduction of active recruitment strategies ...
How to Exercise Leadership in Complex Contexts
The cultural model of the real exercise of leadership is still that of one person in control, with an array of followers. The concepts of leader and leadership are thus still associated with characteristics such as charisma, persuasive ability, assertiveness, and rapid actions and decisions. These are all abilities no longer appropriate to govern the complex reality in which organizations are immersed. ...
Age Management A Necessary Choice
The debate on managing the aging of the population has focused on the promotion of work in old age and the lengthening of careers. The result has been active labor policies aimed at the segment of workers close to retirement, to support their employability. Age management is defined as the sum of "measures that combat age barriers and/or promote age diversity and are oriented towards favoring maintenance ...