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December 14, 2004
Garbage Out
After two and a half years in grad school, I can now churn our business-speak with frieghtening efficiency. Behold, the first paragraph of my Social Issues in Managment paper, which took me exactly 43 seconds to write:
At its heart, corporate responsibility is about striving for and maintaining balance among all the stakeholders of a firm. It is about weighing the importance of meeting economic goals against the effect achieving those goals will have on employees, suppliers, customers, communities and the environment. As with any individual, a certain level of imbalance can be sustained. However, a point comes when the imbalance begins to hamper the person’s ability to function effectively. This is no different for an organization than it is for a person; to achieve maximum effectiveness a firm needs maintain a certain focus on balancing stakeholder needs. Should a firm fail to do so for a particular stakeholder, the imbalance will begin to hamper its ability to function profitably.
Another favorite line of nothingness from earlier this year:
Only through a combination of redressing past malevolence and boldly striking out towards a new vision of corporate benevolence can Parmalat hope to regain a successful position in the market.
Posted by stan at December 14, 2004 04:48 PM