Corporate America and the greater good
Quarter after quarter it seems like all that Wall Street cares about are earnings, profits, stock prices and the likes. This inevitably forces companies to focus all their energy on doing just that. Better profits, better stock price (generally speaking) and so on. But how do these companies contribute to "the greater good"? Some do so in numerous ways. Giving millions in charity, adopting greener, eco-friendly policies, and other ways I'm not even aware of. Now that's superb. Funding charities all over the world for different causes it vital to the survival of these charities. Lowering carbon emissions is critical to the survival of our planet and the countless ecosystems it supports.
But every now and then they do something a little different. They use some of their strengths, or core competencies, to contribute to this greater good in other ways. This sometimes is more valuable that the monetary contributions itself. Why? Simply cause they drive innovations and change the landscape just enough to make a difference. Something money alone couldn't do.
Here are a few examples that jumped out at me:
1) Microsoft sharing source code with AIDS researchers. Sure they're doing this to promote their software products, but if something good comes out of it then that's amazing. I have no idea how revolutionary this is. But the point is at least they're showing some leadership and using their expertise to contribute to a know global problem.
2) The American Express Members Project. What a novel idea! Basically, AmEx contributes $1 for each AmEx card holder that registers on their website, up to $5M. Registered members propose projects that will do some good to our world. Members then vote and ultimately one idea gets chosen and the $5M is used to fund it.
The way I see it AmEx has used their marketing muscle to benefit itself and the community (be local or global). I would love to see them fund more projects and have other companies sponsor other ideas. After all, people do have some cool ideas, why should it be limited to just 1 project.
Like I mentioned , these are just two examples that I've noticed. I'm sure (and certainly hope) they're countless others. Let me know if you know of other such initiatives. I'd love to hear about them.
But every now and then they do something a little different. They use some of their strengths, or core competencies, to contribute to this greater good in other ways. This sometimes is more valuable that the monetary contributions itself. Why? Simply cause they drive innovations and change the landscape just enough to make a difference. Something money alone couldn't do.
Here are a few examples that jumped out at me:
1) Microsoft sharing source code with AIDS researchers. Sure they're doing this to promote their software products, but if something good comes out of it then that's amazing. I have no idea how revolutionary this is. But the point is at least they're showing some leadership and using their expertise to contribute to a know global problem.
2) The American Express Members Project. What a novel idea! Basically, AmEx contributes $1 for each AmEx card holder that registers on their website, up to $5M. Registered members propose projects that will do some good to our world. Members then vote and ultimately one idea gets chosen and the $5M is used to fund it.
The way I see it AmEx has used their marketing muscle to benefit itself and the community (be local or global). I would love to see them fund more projects and have other companies sponsor other ideas. After all, people do have some cool ideas, why should it be limited to just 1 project.
Like I mentioned , these are just two examples that I've noticed. I'm sure (and certainly hope) they're countless others. Let me know if you know of other such initiatives. I'd love to hear about them.
