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Innovation Blues

Success Story: Larry Ellison Founder of Oracle - 0 views

www.gbmonline.net/web-articles.cfm

Success Story business

shared by Innovation Blues on 10 Aug 12 - No Cached
  • Success Story
  • Founder of Oracle
  • rags-to-riches tale
  • ...2 more annotations...
  • Ellison became a bright student, but was not apparently committed to an existence in academia; quitting the University of Chicago after one term, and moving to North California to work for the Amdahl Corporation.
  • Not bad for an adoptee from the Bronx who never met his father.
Innovation Blues

Not just for profit - Wikipedia, the free encyclopedia - 0 views

en.wikipedia.org/...Not_just_for_profit

philosophy collaboration productivity cosmopolitanism world

shared by Innovation Blues on 14 Aug 12 - No Cached
  • The concept of NJFP draws heavily on the outcomes defined and measured through triple bottom line reporting - demanding that a company's responsibility be to stakeholders rather than shareholders. In this case, 'stakeholders' refers to anyone who is influenced, either directly or indirectly, by the actions of the company. According to the stakeholder theory, the business entity should be used as a vehicle for coordinating stakeholder interests in a sustainable manner, instead of maximising shareholder(owner) profit. "People, Planet and Profit" are used to succinctly describe the triple bottom lines and the goal of sustainability.
  • Profit Profit is an aspect shared by all commerce, conscientious or not. Arguably, from the perspective of sustainability, profit is the most critical part of the triple bottom line. If a strong focus is not maintained on the value proposition for the product or service for sale, profits will be affected and consequently a business’s ability to have any impact through its purpose (people and planet) will be eroded.
  • People "People" (human capital) pertains to fair and beneficial business practices toward labor and the community and region in which a corporation conducts its business. The Global Reporting Initiative (GRI) has developed guidelines to enable corporations and NGO's alike to comparably report on the social impact of a business. [edit]
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  • Planet "Planet" (Natural capital) refers to sustainable environmental practices. Generally, sustainability reporting metrics are better quantified and standardized for environmental issues than for social ones. A number of respected reporting institutes and registries exist including the Global Reporting Initiative, CERES Community Environment Park, Institute 4 Sustainability and others. [edit]
  • In terms of a long-term investment proposition, socially responsible investment (SRI) funds are one of the fastest growing prospects in the City of London. This is important not only because blue chip stock valuation is biased two-thirds towards long-term prospect, but also because the City of London is home to many of the world’s largest institutional funds. The City is now managing institutional SRI assets, for the UK market alone, of around $1trillion and it continues to grow fast. When Friends Provident launched the first UK ethical unit trust 'Stewardship Fund' in 1984, city analysts predicted that consumer SRI funds in the UK would eventually (within 20 years) reach a maximum size of £2 million. By 2001, consumer SRI funds had reached to over £4 billion and over £6 billion in 2005 – 3,000 times the original estimate.
  • . This increased awareness has promoted SRI and ethical activity amongst consumers, spurring the success of ethical corporations, such as the Co-operative Bank and the popularity of fair trade and organic products.
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