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Organizational culture encompasses the shared norms, values, behaviors observed in schools, universities, not-for-profit groups, government agencies, and businesses reflecting their core values and strategic direction. [1] [2] Alternative terms include business culture, corporate culture and company culture. The term corporate culture emerged ...
A 2014 session by the United Nations Conference on Trade and Development promoting corporate responsibility and sustainable development.. Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. [1]
Cultural globalization refers to the transmission of ideas, meanings and values around the world in such a way as to extend and intensify social relations. [1] This process is marked by the common consumption of cultures that have been diffused by the Internet, popular culture media, and international travel.
And while Malaysia leads the region in gender equality on corporate boards, with women accounting for 28.5% of directors and matching the global average, in Asia’s other major economies the ...
Indeed, a company with a higher score doesn’t necessarily mean that it has strong environmental, social and governance effect on the world, but rather a low exposure to ESG risks. [ 127 ] Asset managers and other financial institutions increasingly rely on ESG rating agencies to assess, measure and compare companies' ESG performance. [ 128 ]
And consequently, the role of culture is poorly implemented in the environmental, economical, as well as political and social policy. Determining the impact of cultural sustainability is found by investigating the concept of culture in the context of sustainable development, through multidisciplinary approaches and analyses.
A number of company factors are identified that help successful implementation, these include: a culture of innovation that allows experimentation, together with a long term outlook; senior management embracing shared value principles; cross department buy in; and strong local buy in at a local level like affiliates in developing countries.
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation [1] which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development ...