Remembering C.K. Prahalad - A blog by Chad Tragakis

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Remembering C.K. Prahalad - A blog by Chad Tragakis

Chad Tragakis, Senior Vice President, Hill & Knowlton, Washington D.C, and writer for the Hill & Knowlton Blog, ResponsAbility.
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Remembering C.K. Prahalad http://3bl.me/z56a5w

Summary

The 3BL Media blog roll is a select list of the most influential, respected, and authoritative voices in corporate social responsibility. Compiled from the 3BL Media staff’s extensive contacts with longtime CSR commentators, these bloggers offer relevant news, opinions, and ideas about all things CSR in one convenient place.     

Thursday, May 20, 2010 - 4:28pm

CONTENT: Blog

“What is needed is a better approach to help the poor, an approach that involves partnering with them to innovate and achieve sustainable win-win scenarios where the poor are actively engaged and, at the same time, the companies providing products and services to them are profitable.”

- C.K. Prahalad – From The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits

I’m often asked – by colleagues, friends, clients and prospective clients – what is the value of CSR?

I am always happy to run through the now well-established list of how different dimensions of a genuine commitment to corporate responsibility can impact the bottom line, directly and indirectly.  From stronger relationships with communities and an enhanced license to operate to increased profitability through operational efficiency gains and materials and resource management, to management of risks and improved relations with the investment community, enhanced employee relations that yield better results and cost savings with respect to recruitment, motivation, retention, learning and productivity, to improved reputation and branding, and qualification for billions of dollars in screened business, the business value of and return on investment in CSR is increasingly clear.

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Keywords: CSR | Chad Tragakis | Corporate Social Responsibility | Corporations | Ethics | Preservation | biodiversity | environment | policy | united nations

CONTENT: Blog